The typical owner-occupied home in Morse is worth about $74,900, 74% below the Texas median of $283,800 and 77% below the national median of $332,700. Owners pay a median $1,635 a year in property taxes, about 2.18% of their home's value, higher than the Texas rate of 1.49%. The median household earns $62,596 a year, so the median home costs 1.2 times the median income (3.6 times for Texas). 77% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Morse at a glance
| Morse | Texas | U.S. | |
|---|---|---|---|
| Median home value | $74,900 | $283,800 | $332,700 |
| Median property tax paid per year | $1,635 | $4,232 | $3,119 |
| Property tax as a share of value | 2.18% | 1.49% | 0.94% |
| Median household income | $62,596 | $78,476 | $80,734 |
| Homes lived in by their owners | 77% | 63% | 65% |
| Owner homes with a mortgage | 64% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,338 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 26.8% | 21.7% | 21.0% |
| Median rent | $620 | $1,403 | $1,413 |
| Rent as a share of renters' income | 42.0% | 30.9% | 30.6% |
| Median year homes were built | 1959 | 1992 | 1980 |
| Vacant homes | 7.5% | 9.4% | 10.1% |
| Population | 373 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Morse
At this week's average 30-year rate of 7.11%, buying the median Morse home of $74,900 with 20% down costs about $570 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $695, 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 $24,444 for the 20%-down payment. That payment is 11% of the median Morse household income of $62,596; at that income and 20% down, the 28% guideline points to a home of about $192,000.
The median rent here is $620 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,980 |
|---|---|
| Loan amount | $59,920 |
| Principal and interest | $403 |
| Property taxes (2.18% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $570 |
Change the numbers in the calculator
| Down payment | $2,622 |
|---|---|
| Loan amount | $73,543 |
| Principal and interest | $495 |
| Property taxes (2.18% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $695 |
Change the numbers in the calculator
Questions about home buying in Morse
What is the median home value in Morse?
About $74,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Morse?
Homeowners pay a median $1,635 a year, which is about 2.18% 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 Morse?
For the median home with 20% down at 7.11%, the payment is about $570 a month. Keeping that under 28% of gross income takes about $24,444 a year.
More about Morse
- Mortgage Refinance in Morse
- Debt Relief in Morse
- Home Equity Loans in Morse
- 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