Market Overview
Home Prices in Morrisville, NC
The median home value in Morrisville, NC is $481,243 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.2% compared to a year ago and down 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morrisville are priced17% above average. Morrisville is part of the Raleigh-Cary, NC metro area.
Over the past five years, Morrisville home values have risen by approximately24.5%, reflecting strong long-term appreciation in this market.
Price History
Morrisville Home Price Trend
City Comparison
Morrisville vs. National Median
At $481,243, homes in Morrisville cost 17% above the national median of $410,000. Buyers in Morrisville should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Morrisville?
20% Down Payment
$96,249
on $481,243
Monthly P&I
$2,510/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,188/mo
incl. taxes & insurance
Income Needed
$127,520
gross annual (30% rule)
10% Down Option
$48,124
+ PMI applies
Loan Amount (20% dn)
$384,994
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 Morrisville, NC?
The median home value in Morrisville is $481,243 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.2% year-over-year.
How much have home prices changed in Morrisville?
Over the past year, home values in Morrisville have decreased by 5.2%. Over five years, prices have risen approximately 24.5%.
How much do I need to earn to buy a home in Morrisville?
To comfortably afford the median home price of $481,243 with a 20% down payment ($96,249) at today's rates (6.8%), you'd need a gross annual income of approximately $127,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Morrisville compare to the national average home price?
The national median home value is approximately $410,000. At $481,243, homes in Morrisville are 17% above the national average.
What metro area is Morrisville part of?
Morrisville is part of the Raleigh-Cary, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.