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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Morris, AL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Morris, AL Housing Market Trends

With a population of 2,265, 891 total housing units (homes and apartments), and a median house value of $333,809, Morris real estate is some of the most expensive in Alabama, although Morris home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Morris, accounting for 74.24% of the town's housing units. Other types of housing that are prevalent in Morris include mobile homes or trailers ( 15.58%), row houses and other attached homes ( 5.84%), and a few large apartment complexes or high rise apartments ( 2.60%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Morris. Owner-occupied housing accounts for 93.38% of Morris's homes, and 69.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Morris built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Morris built between 2000 and later ( 36.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.64%). There's also some housing in Morris built before 1939 ( 3.25%).

Morris Home Appreciation Rates

Real estate appreciation rates in Morris's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.07% during the period.

Appreciation rates are so strong in Morris that despite a nationwide downturn in the housing market, Morris real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Morris appreciation rates continue to be some of the highest in America, at 8.99%, which is higher than appreciation rates in 80.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Morris. Morris appreciation rates in the latest quarter were at 2.58%, which equates to an annual appreciation rate of 10.72%.

Relative to Alabama, our data show that Morris's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.

Average Home Values

Median Home Value

$333,809

Morris, AL Home Prices
> $1,419,000
$1,064,001 - $1,419,000
$710,001 - $1,064,000
$568,001 - $710,000
$426,001 - $568,000
$284,001 - $426,000
$142,001 - $284,000
$71,001 - $142,000
$0 - $71,000
0.0%
0.0%
0.3%
0.3%
4.5%
4.5%
5.4%
5.4%
21.3%
21.3%
31.1%
31.1%
18.6%
18.6%
7.0%
7.0%
11.8%
11.8%
0% 100.0%
% of Homes
Very High

for Alabama

High

for nation

Number of Homes And Apartments:

891

Morris Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,845 / per month

Homeownership Rate

Owners
Renters
93.4%
93.4%
6.6%
6.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.6%
3.6%
96.4%
96.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.1%
36.1%
47.0%
47.0%
13.6%
13.6%
3.2%
3.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.2%
74.2%
5.8%
5.8%
1.7%
1.7%
2.6%
2.6%
15.6%
15.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
1.8%
1.8%
23.7%
23.7%
43.3%
43.3%
25.8%
25.8%
5.4%
5.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Morris

Zip Codes in Morris, AL