With a population of 4,247, 1,493 total housing units (homes and apartments), and a median house value of $137,029, house prices in Morgan's Point Resort are solidly below the national average.
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 16.86% over the last ten years, which is an average annual home appreciation rate of 1.57%, 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.
Over the last year, Morgan's Point Resort appreciation rates have trailed the rest of the nation. In the last twelve months, Morgan's Point Resort's appreciation rate has been 0.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Morgan's Point Resort were at -1.64%, which equates to an annual appreciation rate of -6.39%.
Notably, Morgan's Point Resort's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Morgan's Point Resort's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
|$785,001 - $1,047,000||0.0|
|$523,001 - $785,000||5.9|
|$418,001 - $523,000||2.5|
|$314,001 - $418,000||4.1|
|$209,001 - $314,000||20.3|
|$105,001 - $209,000||42.9|
|$52,001 - $105,000||12.6|
|$0 - $52,000||10.5|
|Value Relative to Nation||Value Relative to State|
|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|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
2000 Q1 - 2016 Q4
|* 10 is highest|