Your Morrisville, NC Real Estate Questions Answered
Your Morrisville, NC Real Estate Questions Answered
Morrisville is a great place for people who love to be active, with plenty of parks and trails to explore. There's a thriving arts and culture scene, supported by the several museums and galleries in the greater Triangle area. The quality of life is high, and there are plenty of things to do in nearby Raleigh-Durham. Whether you're moving here for work or for pleasure, you'll find that Morrisville is a great place to call home.
The most common questions we get from people considering a move to Morrisville are about the housing market. Morrisville has a strong housing market, with plenty of options for buyers and renters alike. Whether you're looking for a starter home or a luxurious estate, you'll be able to find it in Morrisville.
Here are some answers to frequently asked questions about Morrisville.
What is the average price of a home in Morrisville, NC?
The median price of a home in Morrisville, NC, was $445,000 in March 2022. This was a 27.2% increase from the previous year.
There were 30 homes for sale in Morrisville in March 2022. Prices ranged from $340,000 to $1.5 million. The lowest-priced listing was a townhome with 1,307 sq ft, three bedrooms, and 2.5 bathrooms. The highest-priced existing residential real estate was an estate home for $1.5 million on over half an acre with five bedrooms and 4.5 bathrooms.
Are there any condos or townhomes available in Morrisville, NC?
Half of the 30 listings available in April 2022 were condos or townhomes. The most affordable listing was $340,000 with three bedrooms, 2.5 bathrooms, and over 1,300 sq ft. The most expensive was a new construction unit for almost $600,000 with four bedrooms and 3.5 bathrooms.
You can look for condos or townhomes at Thornbury at Town Hall, Copeland Oak Center, Weatherstone Creek, Crabtree Crossing, Townes at Everett Crossing, Cascades, and Briar Creek, and Keystone Crossing.
What is the property tax rate for Morrisville, NC?
The Wake County property tax rate was $0.60 per $100 assessed property value in 2021. The Morrisville rate of $0.36 applies to all properties within the town limits. Some homes may fall in the Morrisville Special District, which charges an additional $0.10.
Wake County also charges a flat $20 recycling fee.
What is the cost of living in Morrisville?
Based on Sperling's cost of living index, Morrisville's cost of living is 8% higher than the national average and 18% higher than the state average. The biggest factor influencing Morrisville's cost of living is housing, which is 40% more expensive than the national average. All other categories are in line or below national expenditures.
What county is Morrisville, NC in?
Morrisville is part of Wake County, home to the state capital and part of the Triangle region. Home to more than one million residents, the county is growing at double the rate of the rest of North Carolina. It is expected to grow by 22% from 2020-2030.
Wake County attracts residents of all ages for its beautiful landscape, shopping and dining options, welcoming culture, and historical attractions. The county is home to six highly regarded universities, including NC State University and Duke University, the innovative Research Triangle Park, and professional sports champions like the NHL Carolina Hurricanes.
Some of the area's top employers include SAS Institute, Verizon Wireless, John Deere, GlaxoSmithKline, and Cisco Systems.
Is Morrisville a safe place to live?
Morrisville is a very safe place to live. The Morrisville Police Department is accredited by CALEA (Commission on Accreditation for Law Enforcement Agencies), and they have received awards for their community policing efforts.
The town has an alarm permit program and offers free home security assessments to residents. There is also a neighborhood watch program.
Is Morrisville, NC growing?
Morrisville rapidly grew between 2010 and 2020 based on US Census numbers. The 2020 population was 29,630, an increase of 37%. Around a quarter of the town's population was 18 years old or younger.
The town projects it will be near 35,000 residents by 2030. It is adding an average of 4.89% new residents each year.
What neighborhoods are in Morrisville, NC?
Morrisville is relatively small in size, about ten square miles. Its odd shape running along NC Hwy 54 borders many other triangle area towns, like Cary, Carpenter, and Clegg.
Savannah is a more established neighborhood in Morrisville with townhomes in various building styles like farmhouse and Victorian. They tend to be spacious, running from 2,300 to 3,100 sq ft. The subdivision includes a border with the Meadows Golf Course in Preston, a community swimming pool, and a park.
Addison Park is a popular place to live because it's walkable to shopping and dining amenities. It has a very central location that makes commuting convenient. There are parks and lakes within walking distance of various homes within this neighborhood.
Downing Glen is a planned community with similar layouts between all homes. The tree-lined streets include walking paths, and there is a community swimming pool. The community has easy access to the airport and downtown Raleigh.
Kitts Creek has over 800 homes in a very central location, plus amenities like a clubhouse and a pool area that makes it highly desirable among homebuyers. The clubhouse amenities include fitness facilities, a swimming pool, and a tennis court. There's also a community garden and a dog park. There is an HOA.
Keystone Crossing is situated between North Carolina 540, North Carolina 147, and I 40. It's also optimally located near the Raleigh Durham airport. Residents are near major employers, recreational areas, and lifestyle amenities. There are 189 homes typically with three bedrooms and 2 1/2 bathrooms. It includes a community pool.
Ridgemont is a more established community which is 29 homes. Many of these properties were developed in the late 1990s and had over a quarter acre.
In April 2022, Hampton Place, Preston, and Breckenridge had the most listings available on the market.
Are there any waterfront properties found in Morrisville, NC?
Morrisville does not have an extensive waterfront inside its borders, although there are creeks, ponds, and lakes scattered throughout the city limits. A small part of the town borders Lake Crabtree, which is probably the most significant body of water available. There is not a lot of residential real estate along the lake, but you can find some townhomes at The Point at Crabtree Creek.
Otherwise, to find some waterfront real estate, look in Huntington Woods, Twin Lakes, The Greens, and Carrington Mill.
How is golf in Morrisville, NC?
Morrisville residents have 47 golf courses within 20 miles. These include 22 public courses.
The closest course is Prestonwood Country Club. Morrisville residents have a discounted rate for joining. This is a 54-hole golf club with three different courses: the Highlands, the Meadows, and the Fairways. According to the NC Golf Panel, all three of its championship 18-hole courses rank in the top 100 courses in North Carolina. Tom Jackson designed each of the courses.
Are there golf course communities in Morrisville, NC?
Preston is a highly desirable neighborhood inside Mooresville and Cary and has some of the higher-priced homes. It has a straightforward commute to other areas in the Triangle.
Inside the community are a country club, golf course, clubhouse, and pool. Home options include single-family, townhomes, and condominiums. There is a home owner's association.
What areas are near Morrisville, NC?
Cary borders Morrisville to the west, Raleigh to the north, Durham to the northeast, and Chapel Hill to the southeast. Morrisville is also less than five miles from Raleigh-Durham International Airport.
In Cary, Morrisville residents can find the Morrisville Outlet Mall and Park West Village. Many restaurants are available, like Chuy's, Dos Taquitos Xoco, and Five Guys.
To the north in Raleigh, Morrisville residents can enjoy all that downtown Raleigh offers. These include attractions such as the NC Museum of Art, the NC Museum of Natural Sciences, and the NC Symphony. Morrisville residents can also shop and dine at the Crabtree Valley Mall and North Hills.
Durham is home to Duke University, which Morrisville residents can enjoy for sporting events, cultural events, and more. Morrisville residents can attend games of the Durham Bulls Minor League Baseball team. Durham has the American Tobacco Campus, which has many restaurants and shops.
Chapel Hill is home to the University of North Carolina at Chapel Hill. Morrisville residents can enjoy UNC sports and cultural events and attractions like the Ackland Art Museum and Morehead Planetarium.
Morrisville residents have many options for things to do, no matter their interests.
What to know about living in Morrisville, NC
There are plenty of things to do in Morrisville, from exploring the parks and trails to visiting the museums and galleries. Of course, Raleigh-Durham is just a short drive away so you can explore the Triangle's attractions.
Morrisville is consistently ranked as one of the best places to live in North Carolina. It's a great place for families, with top-rated schools and many things to do. Morrisville is also a convenient place to live, with an easy to commute to Raleigh or Durham. Morrisville is a great choice if you're looking for a safe, vibrant community to call home.
If you're looking at living in Morrisville, contact a local real estate agent to find the right neighborhood for you.