Morrisville, NC — Momentum Score, Home Values & Best-For

All states·North Carolina·Morrisville

Wake County · Raleigh-Cary · population 32,628

Growing fastRenter-friendly
Morrisville, NC
Image: Wikipedia · Morrisville, North Carolina
OverviewCost of livingMoving guide
View watchlist →
54
Stable
Momentum score · 0–100

Where Morrisville stands

Home values down 4.9% in the last year. population growing 2.4% per year.

Median home $483,927
1-year -4.9%
5-yr CAGR +5.5%
vs 5-yr peak -8.9%
Population +2.4%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2022-07$484k$0k$184k$368k$552k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
22/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
79/100
Strong remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,682/mo$1,335$1,609$1,884202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent13011880100120140202220242026

Rent vs buy

Price-to-rent ratio: 24.0
Lean rent

At a 24.0 price-to-rent ratio, the math is starting to lean toward renting in Morrisville. Owner-occupier ROI requires longer holds and the assumption that prices keep appreciating roughly at the rate of rent.

How the momentum score breaks down

methodology →
Home YoY
25 · w22%
Home 5-yr CAGR
67 · w22%
Distance from peak
48 · w18%
Population growth
84 · w16%
Rent YoY
43 · w12%
Home 10-yr CAGR
63 · w10%
Long thesis

Morrisville has been growing population at 2.4% per year while home values compounded +5.5% annually. Demand-driven appreciation — the kind that persists as long as people keep showing up, which they currently are.

Short thesis

Morrisville is down 4.9% over the last 12 months and the trend isn't flattening. Falling knife rule applies: you don't catch one with your hands, you wait for it to hit the floor and stop moving.

About Morrisville

Morrisville is a city in Wake County, North Carolina, with an estimated population of 32,628. It anchors the Raleigh-Cary metro area. The population has grown 2.4% per year on average between 2020 and 2024 — among the faster-growing communities in the state. The median home value in Morrisville is $483,927 as of 2026-04, down 4.9% over the last 12 months. Over the last five years, home values have averaged +5.5% annual growth (-8.9% from the 5-year peak). Rents in Morrisville average $1,682 per month, roughly flat year-over-year (-0.3%). The composite momentum score is 54 of 100 (Stable). Conditions are neither hot nor cold, so the local fit matters more than market timing.

▲ Bull case

●People are voting with their feet: population growing 2.4% per year since 2020 — that’s faster than ~80% of US cities.
●Healthy 5-year run: +5.5% annualized over 5 years, outpacing US inflation.

▼ Bear case

●Cooling: -4.9% over the trailing year — momentum has stalled.
○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Morrisville (Wikipedia)

Morrisville is a town located primarily in Wake County, North Carolina, United States. According to the 2020 census, the population was 29,630. Morrisville is part of the Research Triangle metropolitan region, located midway between the cities of Raleigh and Durham. The Research Triangle region encompasses the Raleigh-Durham-Cary, NC Combined Statistical Area. The operational headquarters of Lenovo is located in the municipal limits.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

Lifestyle fit matters more than market timing in a Stable market. Take your time on the home and neighborhood; the macro trend isn't urgent. Negotiate normally.

Seller

Price competitively from day one or risk a 60+ day listing. Staging, photography, and presentation matter more in Stable markets than in Hot ones.

Investor

Stable cap rates, no big appreciation story to lean on. Underwrite this as a pure cash-flow play — the math has to work on rent alone.

Local safety & alerts

No active National Weather Service alerts for Wake County right now.

NWS active alerts (NC)North Carolina Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Wake County routes NWS alerts; check the state EM portal for non-weather emergencies.

Neighborhoods of Morrisville

2 tracked · ranked by median home value
1Shiloh$569,545-2.7%
2Town Center$517,633-4.3%

Cities like Morrisville

Waynesville, NC60 · StableKnightdale, NC59 · StableFletcher, NC58 · StableIndian Trail, NC63 · Rising

Run the numbers for Morrisville

ToolCan I afford Morrisville?Income → city shortlistToolROI on a Morrisville rentalCap rate, cash-on-cash, DSCRToolCompare Morrisville to anywhereSide-by-side up to 3 citiesToolMorrisville cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
50° / 30°
avg high / low
Summer (Jul)
88° / 68°
avg high / low
Sunny days/yr
213
~58% of year
Annual precip
50″ rain
6″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
High
Tornado
Moderate
Wildfire
Low
Earthquake
Very low
Flood
High

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the Raleigh-Cary area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Morrisville listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local economy & environment

Humidity
71%
Humid climate
Median household income
$67,500
North Carolina state median
Top industries (state-level)
Banking (Charlotte)Tech (RTP)Manufacturing

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

Cities similar to Morrisville

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