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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 4,247, 1,493 total housing units (homes and apartments), and a median house value of $142,377, Morgan's Point Resort real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Morgan's Point Resort, accounting for 85.94% of the city's housing units. Other types of housing that are prevalent in Morgan's Point Resort include mobile homes or trailers ( 11.89%), large apartment complexes or high rise apartments ( 2.17%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Morgan's Point Resort. Owner-occupied housing accounts for 85.00% of Morgan's Point Resort's homes, and 87.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Morgan's Point Resort 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 Morgan's Point Resort built between 2000 and later ( 34.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.05%).
In the last 10 years, Morgan's Point Resort has experienced some of the highest home appreciation rates of any community in the nation. Morgan's Point Resort real estate appreciated 17.39% over the last ten years, which is an average annual home appreciation rate of 1.62%, putting Morgan's Point Resort in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Morgan's Point Resort 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, Morgan's Point Resort's appreciation rate, at 3.16%, has been at or slightly above the national average. In the latest quarter, Morgan's Point Resort's appreciation rate has been 2.95%, which annualizes to a rate of 12.32%.
Importantly, this makes Morgan's Point Resort one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Morgan's Point Resort's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
|$815,001 - $1,087,000||0.0|
|$544,001 - $815,000||5.9|
|$435,001 - $544,000||2.5|
|$326,001 - $435,000||4.1|
|$218,001 - $326,000||20.3|
|$109,001 - $218,000||42.9|
|$54,001 - $109,000||12.6|
|$0 - $54,000||10.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Morgan's Point Resort HOMES|
|2000 or Newer||34.1|
|1970 - 1999||64.8|
|1940 - 1969||1.1|
|1939 or Older||0.0|
|TYPE OF Morgan's Point Resort HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Morgan's Point Resort HOMES|
|5 or more bedrooms||1.18|