What percentage of people rent in Morrisville, NC?
54.6% (±3.8 points) of the occupied homes in Morrisville, NC are rented (2020–2024 American Community Survey).
That is 6,712 renting households against 5,588 that own their home.
In Morrisville, the share of households that rent went from 52.5% in 2015–2019 to 54.6% in 2020–2024 (+2.1 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 54.6% (±3.8 points)
- Renting households
- 6,712 (±567)
- Median renter income
- $110,731 (±$9,565)
Who rents and who owns in Morrisville
| Morrisville | Wake County | North Carolina | United States | |
|---|---|---|---|---|
| Renter-occupied share | 54.6% (±3.8 points) | 35.9% (±0.7 points) | 33.4% (±0.2 points) | 34.8% |
| Renting households | 6,712 (±567) | 165,106 (±3,068) | 1,428,852 (±8,279) | 45,017,354 |
| Owning households | 5,588 (±524) | 295,069 (±3,419) | 2,853,493 (±14,473) | 84,210,142 |
| Average renter household size | 2.3 (±0.2) | 2.2 (±0.0) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.8 (±0.2) | 2.7 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $110,731 (±$9,565) | $65,172 (±$1,743) | $48,010 (±$418) | $52,966 |
| Median owner household income | $152,005 (±$11,108) | $136,256 (±$2,266) | $88,911 (±$521) | $100,009 |
In Morrisville, the renter share is higher than in Wake County (35.9%).
It is also higher than in North Carolina (33.4%).
It is higher than the national figure (34.8%).
In Wake County, Morrisville ranks 1 of 12 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 49 of 663.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Morrisville has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 52.5% (±3.3 points) | 54.6% (±3.8 points) | +2.1 percentage points | Not a measurable change |
| Median gross rent | $1,398 (±$35) | $1,858 (±$60) | +32.9% | Up after inflation |
| Median household income | $101,738 (±$8,138) | $125,396 (±$12,240) | +23.3% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Morrisville
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Morrisville | — | 54.6% (±3.8 points) | — |
| Cary | 3.9 mi | 33.4% (±1.7 points) | Lower |
| Apex | 8.0 mi | 23.5% (±2.0 points) | Lower |
| Durham | 10 mi | 47.7% (±0.9 points) | Lower |
| Governors Village | 11 mi | 39.9% (±13.9 points) | Lower |
| Raleigh | 11 mi | 49.3% (±1.1 points) | Lower |
| Governors Club | 12 mi | 2.7% (±3.4 points) | Lower |
| Holly Springs | 13 mi | 19.4% (±2.4 points) | Lower |
| Chapel Hill | 13 mi | 52.6% (±2.1 points) | Not measurably different |
Nearby places with a measurably lower figure: Cary, NC (33.4%), Apex, NC (23.5%), Durham, NC (47.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Wake County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Morrisville | 54.6% (±3.8 points) |
| 2 | Raleigh | 49.3% (±1.1 points) |
| 3 | Zebulon | 37.3% (±8.7 points) |
| 4 | Garner | 36.8% (±3.9 points) |
| 5 | Knightdale | 35.3% (±5.1 points) |
| 6 | Cary | 33.4% (±1.7 points) |
| 7 | Wake Forest | 26.0% (±3.7 points) |
Showing 7 of 12 places in Wake County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Morrisville
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Questions about Morrisville
How many renters are there in Morrisville?
Morrisville has an estimated 6,712 (±567) renting households, 54.6% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Morrisville?
In Morrisville, the share of households that rent went from 52.5% in 2015–2019 to 54.6% in 2020–2024 (+2.1 percentage points), not a measurable change.
How big are renting households in Morrisville?
A renting household in Morrisville has 2.3 people on average, against 2.8 in an owned home.
How much do renters earn in Morrisville?
The median renting household in Morrisville, NC has an income of $110,731 (±$9,565) a year, against $152,005 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Morrisville town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Morrisville town, North Carolina
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Morrisville town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Morrisville town, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Morrisville town, North Carolina
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Morrisville town, North Carolina (place:44520, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Median rent in Morrisville
- Rent by bedrooms in Morrisville
- Rent burden in Morrisville
- Income and affordability in Morrisville
- Home values in Morrisville
- Homeowner costs in Morrisville
- Property taxes in Morrisville
- Types of homes in Morrisville
- Bedrooms in Morrisville
- Age of homes in Morrisville
- Vacancy rate in Morrisville
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- Crime reported to police in Morrisville
- Population growth in Morrisville
- How long people stay in Morrisville
- Crowding and facilities in Morrisville
- Fair Market Rent in Morrisville
- North Carolina landlord and tenant rules
- Housing across Wake County
- North Carolina places ranked by share of renters
- Housing data for every place in North Carolina