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Morgan Farm, Texas

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
358
Population
$58,088
Median Income
$275,000
Home Value
49.1
Median Age

Demographics

Morgan Farm has a population of 358 with a median age of 49.1. Here is the racial and ethnic breakdown of the population:

Hispanic
87.7%
White
23.2%
Demographic Value
Total Population358
Median Age49.1
White23.2%
Hispanic or Latino87.7%
Morgan Farm, Texas — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 111.Hispanic/Latino: 79.1%White: 20.9%358PopulationHispanic/LatinoHispanic/Latino79.1%WhiteWhite20.9%

Income & Economy

The median household income in Morgan Farm is $58,088, which is 27.9% below the national median of $80,610. The per capita income is $20,730. The poverty rate is 3.4%.

$58,088
Median Household Income
$20,730
Per Capita Income
3.4%
Poverty Rate

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Education

In Morgan Farm, 91.2% of residents age 25+ have a high school diploma or higher, and 22.3% hold a bachelor's degree or higher (15.8% with a graduate or professional degree).

HS Diploma+
91.2%
Bachelor's+
22.3%
Graduate+
15.8%
Education Level % of Adults (25+)
High School Diploma or Higher91.2%
Bachelor's Degree or Higher22.3%
Graduate or Professional Degree15.8%

Housing

The median home value in Morgan Farm is $275,000, below the national median of $303,400. The homeownership rate is 79.7%.

$275,000
Median Home Value
79.7%
Homeownership Rate
Housing Metric Value
Median Home Value$275,000
Homeownership Rate79.7%

Salaries in Texas

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Frequently Asked Questions

What is the population of Morgan Farm, Texas?
The population of Morgan Farm, Texas is 358 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Morgan Farm, Texas?
The median household income in Morgan Farm, Texas is $58,088. This is 27.9% below the national median of $80,610.
What is the median home value in Morgan Farm, Texas?
The median home value in Morgan Farm, Texas is $275,000.
What percentage of people in Morgan Farm have a college degree?
In Morgan Farm, Texas, 22.3% of adults age 25 and older hold a bachelor's degree or higher, and 91.2% have a high school diploma or higher.
Is Morgan Farm, Texas an affordable place to live?
The home price-to-income ratio in Morgan Farm, Texas is 4.7x (median home value $275,000 vs. median income $58,088), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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