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Morgans Point

Learn about the people, housing, costs and businesses in Morgans Point, Texas

Median Home$206,600
Median Rent$1,118/month
Population234
Leading IndustriesPublic Administration · Manufacturing · Wholesale Trade31% public administration
Home Value Growth+10.1% over 2 years
Retirees43% of residentstop 1% nationally
Homeowners59% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
Morgans Point
TX

Frequently Asked Questions

What are today's mortgage rates in Morgans Point?

As of today, the 30-year fixed mortgage rate for Morgans Point is approximately 6.880% (6.915% 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 Morgans Point?

The median home value in Morgans Point is $207k. The median monthly rent is $1,118. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morgans Point?

Home values in Morgans Point have increased 10.1% 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 Morgans Point?

Based on a typical all-in ownership cost of $1,046/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morgans Point is $68k/year.

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What industries drive the economy in Morgans Point?

The largest employment sectors in Morgans Point are public administration (31%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.