The typical owner-occupied home in Morley is worth about $84,300, 63% below the Missouri median of $230,300 and 75% below the national median of $332,700. Owners pay a median $724 a year in property taxes, about 0.86% of their home's value, close to the Missouri rate of 0.85%. The median household earns $47,132 a year, so the median home costs 1.8 times the median income (3.3 times for Missouri). 82% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Morley at a glance
| Morley | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $84,300 | $230,300 | $332,700 |
| Median property tax paid per year | $724 | $1,948 | $3,119 |
| Property tax as a share of value | 0.86% | 0.85% | 0.94% |
| Median household income | $47,132 | $70,702 | $80,734 |
| Homes lived in by their owners | 82% | 68% | 65% |
| Owner homes with a mortgage | 44% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $930 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 16.1% | 19.0% | 21.0% |
| Median rent | $825 | $1,033 | $1,413 |
| Rent as a share of renters' income | 22.1% | 28.1% | 30.6% |
| Median year homes were built | 1976 | 1978 | 1980 |
| Vacant homes | 10.3% | 11.2% | 10.1% |
| Population | 540 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Morley
At this week's average 30-year rate of 7.11%, buying the median Morley home of $84,300 with 20% down costs about $549 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $690, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,538 for the 20%-down payment. That payment is 14% of the median Morley household income of $47,132; at that income and 20% down, the 28% guideline points to a home of about $169,000.
The median rent here is $825 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,860 |
|---|---|
| Loan amount | $67,440 |
| Principal and interest | $454 |
| Property taxes (0.86% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $549 |
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| Down payment | $2,950 |
|---|---|
| Loan amount | $82,773 |
| Principal and interest | $557 |
| Property taxes (0.86% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $37 |
| Total per month | $690 |
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Questions about home buying in Morley
What is the median home value in Morley?
About $84,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Morley?
Homeowners pay a median $724 a year, which is about 0.86% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Morley?
For the median home with 20% down at 7.11%, the payment is about $549 a month. Keeping that under 28% of gross income takes about $23,538 a year.
More about Morley
- Mortgage Refinance in Morley
- Debt Relief in Morley
- Home Equity Loans in Morley
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data