Morton, MS


Highest Appreciating Morton Neighborhoods Since 2000

Morton, MS Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Morton Housing Market Information

With a population of 3,439, 1,095 total housing units (homes and apartments), and a median house value of $78,860, house prices in Morton are solidly below the national average.

Single-family detached homes are the single most common housing type in Morton, accounting for 79.79% of the city's housing units. Other types of housing that are prevalent in Morton include mobile homes or trailers ( 10.93%), large apartment complexes or high rise apartments ( 5.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.37%).

The most prevalent building size and type in Morton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.07% owning and 36.93% renting.

There is a lot of housing in Morton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Morton built between 1940-1969 ( 36.24%). A lesser amount of the housing stock also hails from before 1939 ( 10.76%). There's also some housing in Morton built between 2000 and later ( 7.15%).

Vacant housing appears to be an issue in Morton. Fully 10.02% of the housing stock is classified as vacant. Left unchecked, vacant Morton homes and apartments can be a drag on the real estate market, holding Morton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Morton Home Appreciation Rates

In the last 10 years, Morton has experienced some of the highest home appreciation rates of any community in the nation. Morton real estate appreciated 19.62% over the last ten years, which is an average annual home appreciation rate of 1.81%, putting Morton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Morton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Morton's appreciation rate, at 4.08%, has been at or slightly above the national average. In the latest quarter, Morton's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.

Relative to Mississippi, our data show that Morton's latest annual appreciation rate is higher than 70% of the other cities and towns in Mississippi.

Average Home Values


Median Home Value:


Value Range
> $1,101,000 0.0
$826,001 - $1,101,000 0.0
$551,001 - $826,000 0.0
$440,001 - $551,000 0.0
$330,001 - $440,000 0.0
$220,001 - $330,000 2.4
$110,001 - $220,000 18.2
$55,001 - $110,000 48.8
$0 - $55,000 30.7

Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
91.2545411930153 66.9387755102041

Number Of Homes And Apartments:

Morton Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
58.02% 2.69% 10 7
* 10 is highest

Rent & Ownership


Average Market Rent:
$834 / per month

Homeownership Rate

Owners 63.07
Renters 36.93
Vacant 10.02

Housing Market Details


Age of Homes

2000 or Newer 7.1
1970 - 1999 45.9
1940 - 1969 36.2
1939 or Older 10.8

Types of Homes

Single-Family 79.8
Townhomes 0.0
Small Apt. Buildings 3.4
Apt. Complexes 5.9
Mobile Homes 10.9
Other 0.0

Home Size

No Bedroom 2.38
1 Bedroom 3.04
2 Bedrooms 19.39
3 Bedrooms 63.02
4 Bedrooms 10.68
5 or more bedrooms 1.48

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Zip Codes in Morton, MS