Home prices
The median home in Morganton costs $160,100. This is approximately $30,760 (23%) higher compared to its nearby areas.In comparison to the United States as a whole it is about $57,400 (26%) lower, and it is about $60,200 (27%) lower compared to the city of Charlotte.
Rents
In Morganton the median rent is $685 a month. In comparison to other places in this area it is about $53 (8%) higher.It is approximately $377 (35%) lower in comparison to the entire nation, and it is approximately $450 (39%) lower in comparison to the city of Charlotte.
Nearby places
Salem
Salem is Morganton's neighbor to the south. The real estate prices there are somewhat less expensive. The median home in Salem costs $134,900, which works out to $25,200 (18%) lower than Morganton. The rent there is a little less expensive. Salem's median rent is $622 per month, which works out to $63 (10%) lower than Morganton.
Glen Alpine
Glen Alpine is Morganton's neighbor to the west. Its housing prices are substantially less expensive. The median home value in Glen Alpine is $115,600, which is $44,500 (38%) lower than Morganton. Its rents are similar. The median rent in Glen Alpine is $700 per month, which comes out to $15 (2%) higher than Morganton.
Drexel
Drexel is roughly 4 miles east of Morganton. Real estate prices there are a lot less expensive. Drexel's median home cost is $115,000, which works out to $45,100 (39%) lower than Morganton. Its rents are pretty similar. Drexel's median monthly rent is $677, which works out to $8 (1%) lower than Morganton.
Valdese
Valdese is about 6 miles east from Morganton. The real estate prices there are significantly less expensive. The median home in Valdese is valued at $118,700, which is $41,400 (34%) lower than Morganton. Rents there are somewhat less expensive. The median monthly rent in Valdese is $552, which comes out to $133 (24%) lower than Morganton.
Rutherford College
Rutherford College is approximately 8 miles east from Morganton. Its real estate prices are fairly similar. The cost of the median home in Rutherford College is $162,500, which works out to $2,400 (1%) higher than Morganton. Rent there is a bit less expensive. In Rutherford College the median monthly rent is $608, which comes out to $77 (12%) lower than Morganton.
