Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,249 people, 949 houses or apartments, and a median cost of homes of $348,614, Morris real estate is some of the most expensive in Alabama, although Morris home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Morris, accounting for 76.42% of the town's housing units. Other types of housing that are prevalent in Morris include mobile homes or trailers ( 13.80%), row houses and other attached homes ( 5.36%), and a few large apartment complexes or high rise apartments ( 2.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Morris. Owner-occupied housing accounts for 90.41% of Morris's homes, and 67.46% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Morris built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Morris built between 2000 and later ( 38.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.59%). There's also some housing in Morris built before 1939 ( 2.06%).
Morris's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Morris during the period has been just 5.98%, which is lower than 70% of US communities.
Over the last year, Morris appreciation rates have trailed the rest of the nation. In the last twelve months, Morris's appreciation rate has been 6.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Morris were at 0.73%, which equates to an annual appreciation rate of 2.96%.
Relative to Alabama, our data show that Morris's latest annual appreciation rate is lower than 60% of the other cities and towns in Alabama.
$348,614
for Alabama
for nation
949
$1,243 / per month