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Morrow

Learn about the people, housing, costs and businesses in Morrow, Louisiana

Median Home$131,750
Median Rent$644/month
Population146
Leading IndustriesEducation · Wholesale Trade · Arts, Food & Hospitality4% education
Home Value Growth+8.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners75% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$132k median home · lower cost than 80% of the country
Morrow
LA

Frequently Asked Questions

What are today's mortgage rates in Morrow?

As of today, the 30-year fixed mortgage rate for Morrow is approximately 7.059% (7.101% 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 Morrow?

The median home value in Morrow is $132k. The median monthly rent is $644. Annual property taxes average $515. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morrow?

Home values in Morrow have increased 8.6% 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 Morrow?

Based on a typical all-in ownership cost of $449/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $19k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morrow is $42k/year.

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What industries drive the economy in Morrow?

The largest employment sectors in Morrow are public administration (19%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.