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Morriston

Learn about the people, housing, costs and businesses in Morriston, Florida

Median Home$192,500
Median Rent$638/month
Population135
Leading IndustriesArts, Food & Hospitality · Healthcare · Education19% arts, food & hospitality
Home Value Growth⬆⬆⬆+29.5% over 2 years
Young Adults39% of residentstop 3% nationally
Homeowners79% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
NotableTransit89/100 · excellent transit access
Morriston
FL

Frequently Asked Questions

What are today's mortgage rates in Morriston?

As of today, the 30-year fixed mortgage rate for Morriston is approximately 6.982% (7.021% 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 Morriston?

The median home value in Morriston is $193k. The median monthly rent is $638. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morriston?

Home values in Morriston have increased 29.5% 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 Morriston?

Based on a typical all-in ownership cost of $501/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morriston is $42k/year.

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What industries drive the economy in Morriston?

The largest employment sectors in Morriston are healthcare (21%) and arts, food, and hospitality (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.