Home Price Key
Affordable
Average
Expensive
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 $216,800, lower than the Tennessee average of $218,916.
The average cost of rent is $740/mo in Morganton, primarily driven by the current value of real estate in the Morganton area. While nearly 44.68% of residents own their homes outright in Morganton, 16.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morganton is $6,393 per month. Households that rent pay about 11.58% of their income on rent here. Morganton's most expensive areas are in the eastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Greenback, TN: equally priced homes
- Tellico Village, TN: higher priced homes
- Vonore, TN: higher priced homes
- Lakeside, TN: higher priced homes
- Glendale, TN: equally priced homes
- Howard, TN: less expensive homes
- Poplar Springs, TN: equally priced homes
- Fochee, TN: equally priced homes
- Friendsville, TN: equally priced homes
- Rockville, TN: equally priced homes
Cities with Similar Populations
- Smedley, IN: less expensive homes
- Lake End, LA: less expensive homes
- Lake Fork, OH: less expensive homes
- Lake Santeetlah, NC: less expensive homes
- Lake Shore, TX: less expensive homes
- Lakeview Highlands, AL: less expensive homes
- Lamb, KY: less expensive homes
- Lamont, WA: less expensive homes
- Landes, WV: less expensive homes
- Larto, LA: less expensive homes
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