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Morral

Learn about the people, housing, costs and businesses in Morral, Ohio

Median Home$168,500
Median Rent$919/month
Population387
Leading IndustriesRetail · Construction · Public Administration25% retail
Home Value Growth⬆⬆⬆+23.1% over 2 years
Retirees29% of residentswell above average
Homeowners74% of occupied units
Morral
OH

Frequently Asked Questions

What are today's mortgage rates in Morral?

As of today, the 30-year fixed mortgage rate for Morral is approximately 7.002% (7.045% 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 Morral?

The median home value in Morral is $169k. The median monthly rent is $919. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morral?

Home values in Morral have increased 23.1% 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 Morral?

Based on a typical all-in ownership cost of $922/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morral is $72k/year.

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What industries drive the economy in Morral?

The largest employment sectors in Morral are public administration (27%) and retail (25%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.