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Affordable
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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 $202,268, lower than the North Carolina average of $323,314.
The average cost of rent is $945/mo in Morganton, primarily driven by the current value of real estate in the Morganton area. In Morganton, 27.88% of households rent, and 46.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morganton is $5,051 per month. Households that rent pay about 18.72% of their income on rent here. Morganton’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Glen Alpine, NC: less expensive homes
- Oak Hill, NC: higher priced homes
- Drexel, NC: less expensive homes
- Enola, NC: less expensive homes
- Valdese, NC: equally priced homes
- Chesterfield, NC: higher priced homes
- Brindle Town, NC: equally priced homes
- Connelly Springs, NC: less expensive homes
- Gamewell, NC: equally priced homes
- Nebo, NC: less expensive homes
Cities with Similar Populations
- Sherman, TX: higher priced homes
- Euclid, OH: less expensive homes
- Everett, MA: higher priced homes
- Granada Hills, CA: higher priced homes
- Grand Blanc, MI: higher priced homes
- Grapevine, TX: higher priced homes
- Wausau, WI: equally priced homes
- Upper Arlington, OH: higher priced homes
- Texas City, TX: equally priced homes
- Frankfort, KY: equally priced homes
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