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These days, finding an affordable place to live in the Morganton area can be challenging. Home prices in Morganton are now at a median cost of $356,753, higher than the Georgia average of $324,634.
The average cost of rent is $1,083/mo in Morganton, primarily driven by the current value of real estate in the Morganton area. In Morganton, 11.29% of households rent, and 53.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morganton is $6,079 per month. Households that rent pay about 17.81% of their income on rent here. Morganton’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mineral Bluff, GA: equally priced homes
- Ivy Log, GA: less expensive homes
- Blue Ridge, GA: less expensive homes
- Lucius, GA: less expensive homes
- Blairsville, GA: less expensive homes
- Epworth, GA: less expensive homes
- McCaysville, GA: less expensive homes
- Cherrylog, GA: higher priced homes
- Suches, GA: less expensive homes
- Owltown, GA: less expensive homes
Cities with Similar Populations
- Gardendale, TX: equally priced homes
- Franklin, NJ: less expensive homes
- Franklinville, NC: less expensive homes
- Franksville, WI: higher priced homes
- Franktown, CO: higher priced homes
- Frazee, MN: less expensive homes
- Frederica, DE: less expensive homes
- Fredericksburg, OH: equally priced homes
- Fredonia, WI: less expensive homes
- Freedom, PA: less expensive homes
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