A number of reasons make Morrisville a desirable place to live. Located in the heart of the Research Triangle metropolitan region, the town’s rapid pace of development has attracted families and young professionals seeking suburban living without sacrificing modern conveniences. As an experienced real estate agent serving Wake County, we have closed countless deals in our 30 years of existence.
An Overview of Morrisville
Morrisville has a lively community and residents enjoy an active lifestyle. Locals make the most of the suburb’s abundant green spaces and walking/biking trails. Tennis fans practice on the hard courts at Prestonwood Country Club and Breckenridge. Morrisville Aquatics and Fitness Center is another favorite. Residents have a good choice of shopping centers and restaurants, with many organic eateries to cater to fitness fanatics.
According to the 2015 census, the total population of Morrisville was 23,699. The town is home to 7,641 households, of which 50.3% comprise married couples; 37.1% are families with kids under the age of 18; and the rest are individuals and female householders.
In 2017, median household income in Morrisville was $95,763, while the town’s per capita income stood at $43,054. Home renters and buyers appreciate Morrisville’s ethnic diversity. With the development of the town’s technology industry, its Asian population has increased. Morrisville’s major employers include AT&T, Cisco Systems, Fidelity Investments, Microsoft, IBM and Oracle.
In 2019, Microsoft announced it would invest $47.5 million to expand operations in Morrisville. Semiconductor firm Marvell Technology (NASDAQ: MRVL) has also revealed plans to build an R&D center here.
Morrisville has a strong economy and its unemployment rate of 3.3% is below the national average of 3.9%. Nearly 38% of the town’s population has a Bachelor’s degree while 29% of residents are Master’s degree holders. Morrisville is home to top public schools, including Green Hope High School, Panther Creek High School and Wake NC State University STEM Early College High School.
The average one-way commute here takes about 22 minutes, lesser than the national average of 26.4 minutes. Morrisville’s cost of living is higher than the nationwide average, and its population growth has remained steady over the past decade.
Properties in Morrisville
Morrisville’s neighborhoods are picturesque: well-maintained homes and manicured lawns greet you wherever you go.
The town’s median home value currently stands at $328,542, and home values have risen 2.6% over the past year, with growth expected to remain robust in the near future. The median home price is currently at $308,150, while median rent is $1,650. There are more rental units than homes owned and occupied by residents. If you’re looking to buy a luxurious home here, our experienced real estate agents can connect you to sellers. Our extensive listings allow us to match your requirements to homes on sale in Morrisville.
Home prices in Morrisville have appreciated over the last 12 months, reflecting the strength of its community and economy. You will still find listings with a price cut, and we’re the best real estate agent NC to identify quality properties that meet your budget.