Morrow, GA—30260
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morrow, GA
As of Oct '25, the median home price in Morrow, GA is $216,000, with a year-over-year change of -8.7%. This indicates that home prices in Morrow, GA are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $216,000 | -8.7% |
| Single Family | $218,000 | -8.4% |
| Condos | $137,000 | -13.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $150,000 | -13.8% |
3 Bed | $203,000 | -9.0% |
4 Bed | $250,000 | -6.7% |
| 5 Bed | $298,000 | -5.7% |
% of Housing Stock
Rental Trends — Morrow, GA
As of July '25, Rentcast reports the average rent in Morrow, GA is $1,700, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Morrow, GA is studios: $1,740, 1-bedrooms: $1,160, 2-bedrooms: $1,460, 3-bedrooms: $1,700, 4-bedrooms: $2,100. The most common rental property sizes in Morrow, GA are 3-bedroom and 2-bedroom, accounting for 37.7% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| Studio Rent | $1,740 | $1,740 |
| 1 Bed Rent | $1,260 | $1,160 |
| 2 Bed Rent | $1,500 | $1,460 |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | $2,090 | $2,100 |
% of Rental Stock
Property Listings — Morrow, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Morrow, GA is 79. This is a increase of 57.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $248,000 | -3.0% |
Listing Count | 117 | 46.0% |
| Listings as % of Homes | 0.7% | 46.0% |
Days on Market | 79 | 57.0% |
Demographics — Morrow, GA
As of the latest ACS Survey released in 2023, Morrow, GA has a population of 27,800, which has increased by 9.0% over the past 5 years. Morrow, GA is a popular place for families, as children make up 31.1% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,800 | 9.0% |
% Under 18 | 31.1% | 30.7% |
% Seniors | 9.8% | 5.4% |
% WFH | 10.8% | 315.4% |
% w/ College Degree | 17.3% | -1.1% |
As of the latest ACS Survey released in 2023, Morrow, GA is a predominantly black area, with 50.9% of the population identifying as black. The black population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Morrow, GA is asian, making up 19.9% of the population. Foreign-born residents account for 23.5% of the population in Morrow, GA, and this percentage has decreased by 6.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 6.9% | -34.3% |
% Black | 50.9% | -5.7% |
% Hispanic | 18.8% | 26.2% |
% Asian | 19.9% | 1.5% |
% Foreign Born | 23.5% | -6.4% |
Mortgage and Risk — Morrow, GA
According to HUD data as of 2023, there were 142 mortgage originations in Morrow, GA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Morrow, GA. Investor activity is low, as 5.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Morrow, GA
As of 2024, the percent of homes in Morrow, GA under the Section 8 program is 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Morrow, GA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 275 |
Total Units Section 8 | 275 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 90.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,260 | $1,440 |
| 2 Bedroom | $90 | $1,500 | $1,590 |
| 3 Bedroom | $220 | $1,700 | $1,920 |
| 4 Bedroom | $220 | $2,090 | $2,310 |
Affordability — Morrow, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $216,000 |
| Median Household Income | $55,200 |