Morgan Hill, CA is an affluent city with a median house value of $1,194,000. While this is significantly higher than the US median house value of $338,100, the one year appreciation rate for housing in Morgan Hill (7.64%) is slightly lower than the national average (8.27%). Despite the comparatively lower appreciation rate in Morgan Hill, it is still a desirable location to purchase a home due to its strong real estate market and high median value.
The median home cost in Morgan Hill is $1,194,000. Home appreciation the last 10 years has been 105.8%. Home Appreciation in Morgan Hill is up 11.9%.
Average Age of Homes
- The median age of Morgan Hill real estate is 31 years old
The Rental Market in Morgan Hill
- Renters make up 27.7% of the Morgan Hill population
- 1.2% of houses and apartments in Morgan Hill, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.