Morgan's Point Resort, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Morgan's Point Resort Neighborhoods Since 2000




Morgan's Point Resort, TX 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

Morgan's Point Resort Housing Market Information

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%).

Morgan's Point Resort Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$142,377

Morgan's Point Resort, TX HOME PRICES

Value Range
> $1,087,000 1.1
$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

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
53.6505332239541 36.9649805447471

Number Of Homes And Apartments:
1,493

Morgan's Point Resort Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
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
38.91% 1.92% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$963 / per month

Homeownership Rate

Homeownership
Owners 85.00
Renters 15.00
Vacant 7.55

Housing Market Details

 

Age of Homes

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

Types of Homes

TYPE OF Morgan's Point Resort HOMES
Single-Family 85.9
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 2.2
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Morgan's Point Resort HOMES
No Bedroom 1.24
1 Bedroom 0.00
2 Bedrooms 9.78
3 Bedrooms 79.01
4 Bedrooms 8.79
5 or more bedrooms 1.18

Popular Neighborhoods in Morgan's Point Resort

Zip Codes in Morgan's Point Resort, TX