Morgans Point Texas City Guide

Under 400 people lived in Morgan’s Point in 2010. Additionally, the population dipped between 2011 and 2013, when just 290 residents lived in the area. From 2013 to 2018, the population grew to reportedly 318 residents.

An estimated 189 residents are women, which accounts for 56.69% of Morgan’s Point’s population. Another 136 residents are men, which equals 43.31% of the population.

Around 25% of the population is between 5-19 years old, while roughly 10% of residents are between 20-34 years old. From there, about 25% of the population is 35-54 years old. About 17% of residents are 55-64, and almost 26% of residents are 65 years and over.

Morgan’s Point’s population is 77.7% White and 11.5% Black or African American. Another 3.2% of residents in this part of Texas are biracial or multiracial. 7.6% of the population is comprised of other ethnic backgrounds.

Almost 80% of Morgan’s Point residents are only fluent in English, so it is no surprise that few residents are multilingual. 17% of the population speaks Spanish, while an estimated 1.6% of residents speak another Indo-European language.

Slightly over 11% of people in this area of Texas were born outside of the country, which falls under the statewide average of 17% and national average of about 13%.

95.4% of Morgan’s Point residents over 25 years old have graduated high school or earned an equivalent degree. This percentage places the area’s high school dropout rate around 5%. For context, this rate is 7% under the U.S. rate and 12% under Texas’s rate. 87% of students living in Morgan’s point are educated at public schools, while 13% attend private campuses.

23.5% of residents over 25 have some college education, while 3.7% have an associate’s degree. Over 46% of adult residents have a bachelor’s degree, while 24.4% have a professional or graduate degree. Another 6% of Morgan’s Point residents have earned a doctorate degree.

The estimated median homes value in Morgan’s Point is $320K, which tracks high relative to Texas’s averages, but isn’t close to home values in other areas of the country.

Morgan’s Point can be seen as having a competitive real estate market. Properties can be expected to sell around list price, and listings can expect multiple offers.

In this area of Texas, it isn’t uncommon for properties to range between $550K-$1.2 million. That said, more affordable properties priced between $140K-$410K can usually be expected to take up a considerable amount of the local real estate market.

Home appreciation rates in this part of the state are also favorable on the statewide and national level. Specifically to Morgan’s Point, real estate in the city appreciated roughly 57% between January 2010 and January 2020. This number is among the top 10% of appreciation rates not just in Texas, but in the U.S. as a whole.

Out of all Morgan’s Point housing options, 86% are owner-occupied residences, which leaves 14% of properties being rentals. The city’s vacancy rate tracks around 7%.

The bulk of the city’s properties were constructed before World War II, which makes sense considering this city is one of the oldest in Texas. Properties built before the turn of the 21st century also make up a large majority of the local housing options, seeing as few residences were built in and after 2000.

As for the city’s renting properties, the estimated median monthly rent in Morgan’s Point is $1,250, which tracks above the national average. With that said, rental costs in the city can range greatly under and over this monthly average depending on the property.

Around 50% of the city’s housing options have 3 bedrooms, and roughly 25% of residences have 1-2 bedrooms. 20% of properties have 4 bedrooms, and less than 5% of residences have 5 or more bedrooms.

Morgan’s Point has a median household income of almost $81K, and the median earnings per worker is $48K. The area’s unemployment rate of 6% tracks slightly over the state’s average, and almost 11% of Morgan’s Point residents live below the poverty line.

13% of Morgan’s Point residents earn under $10K annually. 7% of the population makes between $10K-$15K, while 3% make between $15K-$20K. Almost 30% of people in this part of the state earn between $20K-$50K each year.

Another 23% of residents make $50K-$75K, while 6% earn between $75K-$100K each year. Additionally, 19% of Morgan’s Point residents earn over $100K annually.