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Morgan Farm CDP, TX

ZIP 78387 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 78387

Median Home Value
$122,400
Median Rent
$769
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$786/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 78387 in Morgan Farm CDP, TX, a household would need roughly $34,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $786. That sits below the local median household income ($48,000), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
61.5%-6% vs US avg
x
Vacancy Rate
16.6%+61% vs US avg
x
Broadband Access
76.5%-12% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
11.7%-9% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
16.7%-66% vs US avg
x
Mortgage-Free
64.2%+68% vs US avg
x
$122,400
Home Value
$769
Rent
1977
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.4%
  • 1-unit attached1.8%
  • 2-9 units10.7%
  • 10+ units4.3%
  • Mobile home & other18.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$122,400
Median rent$769
Owner-occupied61.5%
Vacant16.6%
Price-to-income2.5x
Est. income to buy$34,000