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Morrisville, NC
Full City Profile · North Carolina · Wake County County
3.9
/5.0
B+
Good
30,471
Population
3,323/sq mi density
$125,404
Median Income
$56,378 per capita
$481,800
Home Value
$478,442 Zillow
$1,785
Median Rent
22.1% income on rent
61°F
Avg Temperature
310 sunny days/yr
42
Violent Crime/100K
1,316 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$125,404 median income, 2.2% unemployment
A+
Affordability
4.5 / 5.0
$481,800 home value, $1,785/mo rent
F
Safety
1.0 / 5.0
42 violent crimes/100K
A+
Education
5.0 / 5.0
73.9% bachelor's degree or higher
Housing Overview
Median Home Value
$481,800
71% above
US avg: $281,900
Median Rent
$1,785/mo
53% above
US avg: $1,163/mo
Homeownership Rate
48.8%
25% below US avg (65.4%)
Total Housing Units
12,305
Median year built: 2005
Home Value by Source
Census Median
$481,800
Zillow (ZHVI)
$478,442
Median Sale Price
$400,000
Median List Price
$585,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
48.8%
Owner-Occupied
51.2%
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:
$1,785/mo
· Zillow rent:
$1,568/mo
Market Indicators (Redfin)
Median Days on Market
65 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
25.7%
of listings with price reduction
Price Per Sq Ft
$258
Active Inventory
35
homes for sale
Affordability & Housing Stock
Rent Burden
22.1%
of renters spending 30%+ of income on housing
29% below US avg (31.0%)
Median Year Built
2005
Average age of housing stock: 21 years
Homeownership Rate
48.8%
Complete Housing Data
Home Values
| Census Median Value | $481,800 |
| Zillow Home Value (ZHVI) | $478,442 |
| Median Sale Price | $400,000 |
| Median List Price | $585,000 |
| Price Per Sq Ft | $258 |
Rent
| Census Median Rent | $1,785 |
| Zillow Rent (ZORI) | $1,568 |
| 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 | 65 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.7% |
| Homes Sold | 5 |
| Active Inventory | 35 |
| Price Per Sq Ft | $258 |
Ownership & Stock
| Owner-Occupied | 48.8% |
| Renter-Occupied | 51.2% |
| Homeownership Rate | 48.8% |
| Total Housing Units | 12,305 |
| Median Year Built | 2005 |
| Rent Burden | 22.1% |