Similar to its nearby areas, it is a lot less expensive compared to the rest of the country. Compared to the city of Atlanta, it is significantly less expensive.
Home prices
The median home value in Morganton is $131,300. This is approximately $4,560 (3%) higher in comparison to its surrounding areas.In comparison to the nation as a whole it is roughly $86,200 (39%) lower, and in comparison to the city of Atlanta it is approximately $159,100 (54%) lower.
Rents
In Morganton the median monthly rent is $1,018. It is about $436 (74%) higher compared to the surrounding areas.In comparison to the rest of the country it is roughly $44 (4%) lower, and in comparison to the city of Atlanta it is roughly $135 (11%) lower.
Nearby places
Blue Ridge
Blue Ridge is approximately 3 miles west from Morganton. Its real estate prices are a little more expensive. The median home value in Blue Ridge is $167,900, which works out to $36,600 (21%) higher than Morganton. Rents there are significantly less expensive. Blue Ridge's median monthly rent is $670, which comes out to $348 (51%) lower than Morganton.
McCaysville
McCaysville is approximately 9 miles northwest from Morganton. Housing prices there are somewhat less expensive. McCaysville's median home value is $116,900, which works out to $14,400 (12%) lower than Morganton. The rent there is a lot less expensive. McCaysville's median rent is $383 per month, which comes out to $635 (165%) lower than Morganton.
Copperhill
Copperhill is about 10 miles northwest from Morganton. The real estate prices there are significantly less expensive. The cost of the median home in Copperhill is $66,500, which is $64,800 (97%) lower than Morganton. Rent there is substantially less expensive. In Copperhill the median monthly rent is $700, which is $318 (45%) lower than Morganton.
Ducktown
Ducktown is roughly 13 miles northwest from Morganton. The real estate prices there are a bit less expensive. Ducktown's median home value is $109,400, which comes out to $21,900 (20%) lower than Morganton. Rents there are a lot less expensive. In Ducktown the median rent is $545 a month, which comes out to $473 (86%) lower than Morganton.
Ellijay
Ellijay is roughly 17 miles southwest of Morganton. Its housing prices are a bit more expensive. The value of the median home in Ellijay is $173,000, which is $41,700 (24%) higher than Morganton. The rent there is significantly less expensive. The median rent in Ellijay is $614 per month, which is $404 (65%) lower than Morganton.
