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Morgan Farm

Learn about the people, housing, costs and businesses in Morgan Farm, Texas

Median Home$263,300
Median Rent$1,525/month
Population604
Leading IndustriesWholesale Trade · Manufacturing · Agriculture & Mining13% wholesale trade
Home Value Growth⬆⬆+16.6% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners81% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Morgan Farm
TX

Frequently Asked Questions

What are today's mortgage rates in Morgan Farm?

As of today, the 30-year fixed mortgage rate for Morgan Farm is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Morgan Farm?

The median home value in Morgan Farm is $263k. The median monthly rent is $1,525. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morgan Farm?

Home values in Morgan Farm have increased 16.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Morgan Farm?

Based on a typical all-in ownership cost of $1,186/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morgan Farm is $68k/year.

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What industries drive the economy in Morgan Farm?

The largest employment sectors in Morgan Farm are public administration (20%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.