Market Overview
Home Prices in Morgan, TX
The median home value in Morgan, TX is $217,702 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.9% compared to a year ago and down 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morgan are priced47% below average.
Over the past five years, Morgan home values have risen by approximately21.0%, reflecting strong long-term appreciation in this market.
Price History
Morgan Home Price Trend
2020
$148,559
$149K
—
2021
$179,923
$180K
+21.1%
2022
$228,750
$229K
+27.1%
2023
$213,699
$214K
-6.6%
2024
$220,983
$221K
+3.4%
2025
$219,696
$220K
-0.6%
2026
$217,702
$218K
-0.9%
City Comparison
Morgan vs. National Median
🏠 Morgan
$217,702
National Median
$410,000
At $217,702, homes in Morgan cost 47% below the national median of $410,000. This makes Morgan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morgan?
20% Down Payment
$43,540
on $217,702
Monthly P&I
$1,135/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,441/mo
incl. taxes & insurance
Income Needed
$57,640
gross annual (30% rule)
10% Down Option
$21,770
+ PMI applies
Loan Amount (20% dn)
$174,162
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 Morgan, TX?
The median home value in Morgan is $217,702 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.9% year-over-year.
How much have home prices changed in Morgan?
Over the past year, home values in Morgan have decreased by 0.9%. Over five years, prices have risen approximately 21.0%.
How much do I need to earn to buy a home in Morgan?
To comfortably afford the median home price of $217,702 with a 20% down payment ($43,540) at today's rates (6.8%), you'd need a gross annual income of approximately $57,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Morgan compare to the national average home price?
The national median home value is approximately $410,000. At $217,702, homes in Morgan are 47% below the national average.