Much like other places in this area, it's a lot more expensive compared to the entire nation. Even when compared to the city of Raleigh, it's a lot more expensive.
Home prices
Morrisville's median home cost is $331,800. Compared to its nearby areas this is approximately $6,020 (1%) higher.It is approximately $114,300 (52%) higher compared to the rest of the country, and it is roughly $83,500 (33%) higher in comparison to the city of Raleigh.
Rents
In Morrisville the median monthly rent is $1,398. This is approximately $140 (11%) higher in comparison to other places in this area.It is approximately $336 (31%) higher compared to the entire country, and is approximately $277 (24%) higher compared to the city of Raleigh.
Nearby places
Cary
Cary is Morrisville's neighbor to the south. Its housing prices are a little more expensive. The median home in Cary costs $356,400, which is $24,600 (6%) higher than Morrisville. Rents there are a bit less expensive. The median rent in Cary is $1,246 a month, which works out to $152 (12%) lower than Morrisville.
Durham
Durham is Morrisville's neighbor to the north. Its housing prices are a lot less expensive. The cost of the median home in Durham is $224,100, which works out to $107,700 (48%) lower than Morrisville. Rents there are substantially less expensive. The median monthly rent in Durham is $1,058, which comes out to $340 (32%) lower than Morrisville.
Apex
Apex is approximately 8 miles south of Morrisville. Real estate prices there are pretty similar. The median home in Apex is valued at $327,800, which works out to $4,000 (1%) lower than Morrisville. Its rents are fairly similar. Apex's median rent is $1,380 per month, which works out to $18 (1%) lower than Morrisville.
Chapel Hill
Chapel Hill is approximately 11 miles northwest of Morrisville. Its housing prices are somewhat more expensive. The median home price in Chapel Hill is $399,700, which works out to $67,900 (16%) higher than Morrisville. The rent there is a bit less expensive. Chapel Hill's median rent is $1,191 per month, which comes out to $207 (17%) lower than Morrisville.
Holly Springs
Holly Springs is about 13 miles south of Morrisville. The real estate prices there are pretty similar. Holly Springs's median home price is $320,900, which is $10,900 (3%) lower than Morrisville. The rent there is similar. In Holly Springs the median rent is $1,416 per month, which comes out to $18 (1%) higher than Morrisville.
