Morris County, Texas Housing Market
In Morris County, Texas, the median home value is $120,400, with a median monthly rent of $859. This places Morris County at #2631 nationally out of 3134 counties by median home value, and #183 within Texas.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,239
- Establishments: 197
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,730 (avg $53,885)
- Outflow: 4,435 (avg $54,537)
- IRS Statistics of Income
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| Metric | Morris County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $120,400 | $186,278 | $227,706 |
| Median Gross Rent | $859 | $997 | $968 |
| Owner Occupancy Rate | 73.9% | 73.2% | 73.3% |
| Price/Rent Ratio | 11.7 | 15.2 | 18.7 |
Market Analysis
The median home value in Morris County is 35.4% below the Texas state average and 47.1% below the U.S. national average. The median rent of $859/month is 13.8% below the state average.
With a price-to-rent ratio of 11.7, buying a home in Morris County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Morris County has an owner-occupancy rate of 73.9%, compared to 73.2% in Texas and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Carlisle County | Kentucky | $120,400 | $792 |
| Lenoir County | North Carolina | $120,500 | $861 |
| Mason County | West Virginia | $120,300 | $671 |
| Monroe County | Alabama | $120,600 | $666 |
| Sumter County | Georgia | $120,200 | $857 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Deaf Smith County | $121,300 | $926 | 66.8% |
| Presidio County | $121,300 | $448 | 77.3% |
| Trinity County | $119,500 | $856 | 79.4% |
| Red River County | $121,500 | $1,044 | 71.5% |
| Hutchinson County | $119,100 | $932 | 83.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).