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Home values, rents and more in Morgan, TX

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$213,000
Metro: $250,000 · U.S.: $366,000
Home values, past year
+0.6%
Metro: +0.4% · U.S.: +1.2%
Population
525
ACS 2020–24
Median household income
$52,500
Metro: $66,205 · U.S.: $80,734
ZIP codes around Morgan, TX, shaded by typical home valueMorgan
  • Under $230k
  • $230k–$250k
  • $250k–$260k
  • $260k+
  • No data
ZIP codes around Morgan, TX, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Morgan is outlined.

How Morgan compares

The typical home in Morgan, TX is worth about $213,000, according to the Zillow Home Value Index for September 2026. Home values in Morgan are 15% below the typical value in the Waco metro area ($250,000) and 42% below the U.S. typical value ($366,000).

Over the past year, home values in Morgan rose 0.6%, compared with +0.4% in the Waco metro area and +1.2% nationally.

The median household income is $52,500, against $66,205 in the Waco metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 525 people live in Morgan (American Community Survey 2020–24).

Morgan has the 11th-lowest typical home value of the 30 cities in the Waco metro area and the 364th-lowest of 1,071 in Texas with Zillow figures.

Part of: Bosque County, TX · Waco metro area · Texas

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Morgan, TX

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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