Market Overview
Home Prices in Morganton, NC
The median home value in Morganton, NC is $267,774 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morganton are priced35% below average. Morganton is part of the Hickory-Lenoir-Morganton, NC metro area.
Over the past five years, Morganton home values have risen by approximately30.0%, reflecting strong long-term appreciation in this market.
Price History
Morganton Home Price Trend
City Comparison
Morganton vs. National Median
At $267,774, homes in Morganton cost 35% below the national median of $410,000. This makes Morganton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morganton?
20% Down Payment
$53,555
on $267,774
Monthly P&I
$1,397/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,774/mo
incl. taxes & insurance
Income Needed
$70,960
gross annual (30% rule)
10% Down Option
$26,777
+ PMI applies
Loan Amount (20% dn)
$214,219
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Morganton, NC?
The median home value in Morganton is $267,774 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Morganton?
Over the past year, home values in Morganton have increased by 2.3%. Over five years, prices have risen approximately 30.0%.
How much do I need to earn to buy a home in Morganton?
To comfortably afford the median home price of $267,774 with a 20% down payment ($53,555) at today's rates (6.8%), you'd need a gross annual income of approximately $70,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Morganton compare to the national average home price?
The national median home value is approximately $410,000. At $267,774, homes in Morganton are 35% below the national average.
What metro area is Morganton part of?
Morganton is part of the Hickory-Lenoir-Morganton, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.