Morgan's Point: Housing & Real Estate
Morgan's Point's median home value is $425,000 (estimated market value runs 58% higher at $672,825), with median rent $1,354 (about the same as Harris County median $1,401; about the same as Texas median $1,403). Homeownership rate: 75.6%. That's 1.5× higher than the Harris County median ($276,600); 1.5× higher than the Texas median ($283,800). Market is warm. Vacancy rate 8.2%. New construction makes up 8.5% of stock. A municipal building code is in effect.
- 5.6× annual income — home value vs. household income (vs Texas 3.9×).
- 26.2 years to break even renting at the median (vs Texas 17y).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
- Median rent 13% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $425,000 — 1.5× the Texas median ($277,800). Median rent $1,354/month. homeownership rate 75.6% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 5.6× |
|---|---|
| Affordability · Rent To Income Pct | 21.3% |
| Affordability · Interpretation | expensive |
| Fair Market Rent · Studio rent | $1,280 (at Texas median) |
| Fair Market Rent · One-bedroom rent | $1,323 (at Texas median) |
| Fair Market Rent · Two-bedroom rent | $1,573 (at Texas median) |
| Fair Market Rent · Three-bedroom rent | $2,116 (at Texas median) |
| Fair Market Rent · Four-bedroom rent | $2,639 (at Texas median) |
| Fair Market Rent · HUD FMR area | Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $672,825 |
| Median Home Value | $425,000 (vs Texas $277,800) |
| Median Rent | $1,354 (at Texas median) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 8.2% |
| Housing Market · New construction (% of stock) | 8.5% |
| Housing Market · Price Appreciation 2Yr | -29.2% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Texas median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Texas median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Texas median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 91.9% (vs Texas 83.2%) |
| Broadband · Broadband-capable premises | 198 |
| Electricity · Electricity rate (¢/kWh) | 14.94¢/kWh |
| Electricity · Customers | 12547863 |
| Electricity · Revenue Millions | $24,652 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Texas median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Texas median) |
| Mobile Home Parks Detail · County total | 35 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 75.6% (vs Texas 57.0%) |
|---|---|
| Median Year Built | 1982 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12