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Morven

Learn about the people, housing, costs and businesses in Morven, North Carolina

Median Home$96,000
Median Rent$827/month
Population331
Leading IndustriesRetail · Wholesale Trade · Construction20% retail
Home Value Growth⬆⬆⬆+26.7% over 2 years
Retirees25% of residentsabove average nationally
Homeowners74% of occupied units
NotableAffordable Market$96k median home · lower cost than 93% of the country
Morven
NC

Frequently Asked Questions

What are today's mortgage rates in Morven?

As of today, the 30-year fixed mortgage rate for Morven is approximately 7.104% (7.150% 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 Morven?

The median home value in Morven is $96k. The median monthly rent is $827. Annual property taxes average $992. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morven?

Home values in Morven have increased 26.7% 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 Morven?

Based on a typical all-in ownership cost of $561/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morven is $51k/year.

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What industries drive the economy in Morven?

The largest employment sectors in Morven are retail (20%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.