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Morrison Crossroads

Learn about the people, housing, costs and businesses in Morrison Crossroads, Alabama

Median Home$181,700
Median Rent$739/month
Population207
Leading IndustriesRetail · Finance & Insurance · Information & Media29% retail
Home Value Growth+3.3% over 2 years
Young Adults27% of residentsnear the national average
Homeowners83% of occupied units
Morrison Crossroads
AL

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Morrison Crossroads?

As of today, the 30-year fixed mortgage rate for Morrison Crossroads is approximately 6.899% (6.935% 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 Morrison Crossroads?

The median home value in Morrison Crossroads is $182k. The median monthly rent is $739. Annual property taxes average $397. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morrison Crossroads?

Home values in Morrison Crossroads have increased 3.3% over the past two years. This represents moderate growth. 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 Morrison Crossroads?

Based on a typical all-in ownership cost of $721/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morrison Crossroads is $52k/year.

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What industries drive the economy in Morrison Crossroads?

The largest employment sectors in Morrison Crossroads are retail (29%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.