Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$159,064−2.1% YoY · prices are falling
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 16% have cut their price
Income needed to buy, per year$34,482About 0.6× the local median income ($54,697): affordable for a typical household
Days on market108 daysSlower than a year ago: buyers have time to negotiate
The typical home in Morris County, TX is worth $159,064, down 2.1% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $170,862, so the area is 6.9% undervalued. It is a balanced market, leaning toward buyers: homes take about 108 days to sell, listings are down 13% from a year ago, 16% of listings have had a price cut. A household needs about $34,482 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $54,697. In the latest IRS figures, 90 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$159,064
Change in 1 year
−2.1%
Overvalued %
−6.9%
Show 6 more
Fair home value
$170,862
Change in 5 years
−0.3%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$862
Income needed to afford it
$34,482
Property tax rate
1.10%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
−13.3%
Days on market
108
Listings with a price cut
16.0%
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Homes for sale
85
Pending sales per 100 listings
16
Asking price per sq ft
$120
People and jobs
Median household income
$54,697
Population change (1 year)
−0.3%
Unemployment rate
7.1%
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Population
12,133
Income adjusted for cost of living
$62,297
Net moves in (IRS)
+90
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
34.5
Flood risk score
24.2
Show 3 more
Wildfire risk score
64.6
Walkability (1 to 20)
4.8
Road, rail and air noise
52 dB
Questions people ask
Is Morris County, TX overvalued?
Home prices in Morris County, TX are slightly below what local incomes have historically supported: fair value is about $170,862, so the area is 6.9% undervalued.
Is Morris County, TX a buyer's or seller's market?
Morris County, TX is a balanced market, leaning toward buyers: homes take about 108 days to sell, listings are down 13% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Morris County, TX?
Home values in Morris County, TX are down 2.1% over the last year.
How much do you need to earn to buy a home in Morris County, TX?
A household needs about $34,482 a year to afford the typical home in Morris County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $54,697.