Morganton, NC Real Estate
According to census data in the year 2000 there were 7,277 housing units in Morganton.
This represents a 11% growth from 6,558 in 1990.
Of those housing units, 7,170 were located in either urbanized areas or urban clusters, and 107 were located in what is classified as a rural area.
Homeownership rate in Morganton is about 56.8%.
Morganton's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Morganton were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 12.40% |
| Two Bedrooms | 37.90% |
| Three Bedrooms | 35.70% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $92,300 |
| Median Price asked for vacant units | $151,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $273 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 11.80% |
| Simple Mortgage | 36.60% |
| Debt Free | 45% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
