New Listing
21
$130,000
507 S College St
Morganton, NC 28655
2 bd3 ba900 sqft$144/ft²
House8,276 sqft lot
Coldwell Banker Newton RE
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Compass Real Estate · Morganton, NC
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Morganton, NC Housing Market
Buyer's market+1.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Morganton, NC is worth $261,310, rose 1.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $249,000, -21.1% year over year (through May 2026). With 5.2 months of supply and homes going under contract in about 62 days, Morganton is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $261,310 home is about $1,395/mo in principal and interest.
Key numbers for Morganton, NC
Typical home value
$261,310
+1.8% in 12 months
Zillow, August 2026
Typical asking rent
$1,475/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$249,000
-21.1% year over year
Redfin, through May 2026
Days on market
62
Slow-moving
Redfin, through May 2026
Active listings
67
5.2 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$49,434
Home costs 5.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.2%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Morganton a buyer's or seller's market?
Buyer's market5.2 months of supply62 days on market98.2% of asking
Morganton, NC is a buyer's market, based on 5.2 months of supply and homes selling in about 62 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Morganton housing market data show?
Every row below is Redfin's final published month for Morganton, NC. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $249,000 |
| Median list price | $349,000 |
| Year-over-year price change | -21.1% |
| Median price per sq ft | $172/sq ft |
| Median days on market | 62 days |
| Active inventory | 67 listings |
| Months of supply | 5.2 months |
| Sale-to-list price ratio | 98.2% |
| Homes sold (that month) | 13 |
| New listings (that month) | 25 |
| Listings with a price cut | 23.9% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Morganton is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Morganton is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Morganton home prices moved?
Over the last three years the median sale price in Morganton, NC fell 30.1%, from $356,000 to $249,000. The live Zillow value series has rose 1.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 23.9% of Morganton listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 5.2 months while the sale-to-list ratio slips below its current 98.2%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Morganton?
Priced off the typical home value of $261,310 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $52,262 | $209,048 | $1,395/mo |
| 5% | $13,065 | $248,244 | $1,657/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,395, that implies roughly $59,786 a year before you add taxes and insurance. The median household in Morganton earns $49,434, about $10,352 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Morganton in the next 12 months?
Tell us your timeline. We send the Morganton market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Morganton?
Typical asking rent in Morganton, NC is $1,475/mo, against a typical home value of $261,310. That is a price-to-rent ratio of 14.8x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,395 a month — $80 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Morganton?
Active listings in Morganton, NC went from 50 in May 2025 to 67 in May 2026, a +34.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 42 | 11 |
| July 2025 | 45 | 15 |
| August 2025 | 48 | 14 |
| September 2025 | 56 | 20 |
| October 2025 | 57 | 12 |
| November 2025 | 60 | 16 |
| December 2025 | 51 | 7 |
| January 2026 | 52 | 6 |
| February 2026 | 46 | 11 |
| March 2026 | 53 | 20 |
| April 2026 | 61 | 20 |
| May 2026 | 67 | 25 |
Redfin, through May 2026
How does Morganton compare to North Carolina and the U.S.?
Morganton homes sell for $249,000 — 37% below the North Carolina median of $397,600. Against the national median of $410,700, Morganton runs 39% lower. Year-over-year, Morganton moved -21.1% against North Carolina's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Morganton, NC | $249,000 | -21.1% | 62 days |
| North Carolina statewide | $397,600 | +2.1% | 52 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Morganton
What buyers should watch
- Months of supply, currently 5.2. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 23.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $262 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $261,310 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Morganton listing goes under contract in 62 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.2% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Morganton added 25 new listings against 13 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Morganton varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Morganton
There are currently 67 homes listed for sale in Morganton, North Carolina. The median listing price is $349K. Featured listings range from $130,000 to $1,125,000.
New Listing
32
$139,000
1805 Bristol Creek Ave
Morganton, NC 28655
2 bd2 ba896 sqft$155/ft²
Mobile home3.17 acres
Rebecca Colwell · Century 21 Vanguard
View photos & details
New Listing
6
$160,000
2050 Robert Dr
Morganton, NC 28655
Land6.39 acres
Migdey Castro · MG Realty & Appraisals, Inc
View photos & details
New Listing
$175,000
615 Carbon City Rd
Morganton, NC 28655
Land3.32 acres
Coldwell Banker Newton RE
View photos & details
New Listing
21
$269,900
405 Jug Wilson St
Morganton, NC 28655
4 bd2 ba1,478 sqft$183/ft²
House20,038 sqft lot
C Shane Cook & Associates
View photos & details
New Build
17
$289,000
145 River Breeze Dr Unit 10
Morganton, NC 28655
3 bd2 ba1,352 sqft$214/ft²
House21,344 sqft lot
N C Land and Lots LLC
View photos & details
New Build
8
$289,000
Tbd Lot 8 River Breeze Dr Unit 8
Morganton, NC 28655
3 bd2 ba1,467 sqft$197/ft²
House21,780 sqft lot
N C Land and Lots LLC
View photos & details
New Listing
31
$315,000
761 Amherst Rd
Morganton, NC 28655
3 bd2 ba2,056 sqft$153/ft²
House6.38 acres
Coldwell Banker Newton RE
View photos & details
New Build
2
$459,000
2430 Kimberly Ave
Morganton, NC 28655
3 bd2 ba
House22,216 sqft lot
Cannon & Cannon Properties,LLC
View photos & details
New Listing
38
$525,000
976 Amherst Rd
Morganton, NC 28655
3 bd2 ba2,116 sqft$248/ft²
House39,640 sqft lot
Coldwell Banker Boyd & Hassell
View photos & details
New Listing
$675,000
507 Riverside Dr
Morganton, NC 28655
4 bd3 ba3,339 sqft$202/ft²
House24,394 sqft lot
Coldwell Banker Newton RE
View photos & details
New Build
7
$1,125,000
2127 Robert Dr Unit 1920
Morganton, NC 28655
3 bd5 ba2,627 sqft$428/ft²
House4.72 acres
Lantern Realty & Development
View photos & details
Looking to buy in Morganton?
Get connected with a local real estate expert — free, no obligation.
Active listings
67
Homes on market
Median list price
$349K
Avg. days on market
62
Days until sale
New this week
25
Newly listed
Price drops:23.9%of listings
Sale-to-list:98.2%
How much do homes cost in Morganton by property type?
How the Morganton, NC market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $260,000 | $174/sq ft | 12 | 61 days |
| Condo / co-op | $299,900 | $180/sq ft | 2 | 14 days |
| Townhouse | $249,000 | $151/sq ft | 1 | 267 days |
Who lives in Morganton?
American Community Survey estimates for Morganton. U.S. Census ACS, 2023
Population
17,541
Households
6,682
Median income
$49,434/yr
Median age
38.5 years
Owner-occupied
51.8%
Median home value
$208,300
Median gross rent
$909/mo
Mean commute
19.4 min
51.8% of occupied homes in Morganton are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $208,300 against Zillow's $261,310 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $909/mo, below Zillow's $1,475/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Morganton?
18 schools tracked · 7,702 students
The largest public schools serving Morganton, NC by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Freedom High
Grades 9-12 · 1,374 students
Robert L. Patton High School
Grades 9-12 · 753 students
Mountain View Elementary
Grades PK-5 · 730 students
New Dimensions
Grades K-8 · 556 students
Drexel Elementary
Grades PK-5 · 478 students
Liberty Middle
Grades 6-8 · 459 students
Table Rock Middle
Grades 6-8 · 454 students
Walter R Johnson Middle
Grades 6-8 · 439 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Morganton, NC?
Ordered by distance from Morganton, not by size. Compare Morganton side by side with any of them.
Which ZIP codes are in Morganton?
These are the ZIP codes we see on active Morganton listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Morganton housing market FAQ
Is Morganton a buyer's or seller's market?
Morganton, NC is currently a buyer's market. That read comes from 5.2 months of supply, homes going under contract in about 62 days, and sellers getting 98.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Morganton?
The typical home in Morganton, NC is worth $261,310 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $249,000, about $172 per square foot.
Is Morganton cheaper than the rest of North Carolina?
Morganton's median sale price of $249,000 is 37% lower than the North Carolina statewide median of $397,600, and 39% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Morganton?
Homes in Morganton, NC spent a median of 62 days on market before going under contract, versus 52 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Morganton?
At the current 30-year fixed rate of 7.03%, 20% down on a $261,310 home is about $1,395 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $59,786 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $49,434.
Are home prices rising in Morganton?
The typical home value in Morganton, NC rose 1.8% over the last 12 months, from $256,611 to $261,310 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Morganton?
Morganton ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Morganton?
That depends on your timeline, not on a headline. What the data says today: Morganton, NC is a buyer's market with 5.2 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 14.8x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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