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Morganton, NC
Full City Profile · North Carolina · Burke County County
2.8
/5.0
C+
Fair
17,541
Population
912/sq mi density
$49,434
Median Income
$26,668 per capita
$208,300
Home Value
$253,317 Zillow
$909
Median Rent
31.1% income on rent
58°F
Avg Temperature
301 sunny days/yr
496
Violent Crime/100K
3,710 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$49,434 median income, 2.0% unemployment
A
Affordability
4.3 / 5.0
$208,300 home value, $909/mo rent
F
Safety
1.0 / 5.0
496 violent crimes/100K (31% above avg)
C+
Education
2.8 / 5.0
23.0% bachelor's degree or higher
Housing Overview
Median Home Value
$208,300
26% below
US avg: $281,900
Median Rent
$909/mo
22% below
US avg: $1,163/mo
Homeownership Rate
51.8%
21% below US avg (65.4%)
Total Housing Units
7,234
Median year built: 1972
Home Value by Source
Census Median
$208,300
Zillow (ZHVI)
$253,317
Median Sale Price
$272,500
Median List Price
$299,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
51.8%
Owner-Occupied
48.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent:
$909/mo
· Zillow rent:
$1,158/mo
Market Indicators (Redfin)
Median Days on Market
104 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
10
Price Drops
26.0%
of listings with price reduction
Price Per Sq Ft
$181
Active Inventory
50
homes for sale
Affordability & Housing Stock
Rent Burden
31.1%
of renters spending 30%+ of income on housing
0% below US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
51.8%
Complete Housing Data
Home Values
| Census Median Value | $208,300 |
| Zillow Home Value (ZHVI) | $253,317 |
| Median Sale Price | $272,500 |
| Median List Price | $299,900 |
| Price Per Sq Ft | $181 |
Rent
| Census Median Rent | $909 |
| Zillow Rent (ZORI) | $1,158 |
| FMR Studio | $932 |
| FMR 1-Bedroom | $981 |
| FMR 2-Bedroom | $1,161 |
| FMR 3-Bedroom | $1,499 |
| FMR 4-Bedroom | $1,780 |
Market
| Days on Market | 104 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 26.0% |
| Homes Sold | 10 |
| Active Inventory | 50 |
| Price Per Sq Ft | $181 |
Ownership & Stock
| Owner-Occupied | 51.8% |
| Renter-Occupied | 48.2% |
| Homeownership Rate | 51.8% |
| Total Housing Units | 7,234 |
| Median Year Built | 1972 |
| Rent Burden | 31.1% |