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Morgan Hill, CA Real Estate


According to census data in the year 2000 there were 11,110 housing units in Morgan Hill. This represents a 36.2% growth from 8,157 in 1990.

Of those housing units, 10,671 were located in either urbanized areas or urban clusters, and 439 were located in what is classified as a rural area.

Homeownership rate in Morgan Hill is about 72.8%. Morgan Hill's vacancy rate, including seasonal lodging, is about 2.2%. Average household size is 3.05 people.

The majority of houses, apartments or condos in Morgan Hill were built after 1981.

Statistics

Housing Size

Housing Units by Size
Studio Type2.50%
One Bedroom8%
Two Bedrooms22%
Three Bedrooms30.70%
Four Bedrooms28.90%
Five Bedrooms or more7.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.96
Median year structure was built1982
Median Value of occupied units$435,200
Median Price asked for vacant units$608,000

Rented Homes, Apartments and Condos

Average Household Size3.3
Median year structure was built1979
Median Monthly Rent asked for vacant units$1,100

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage14%
Home Equity Loan12.80%
Simple Mortgage63.40%
Debt Free9.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs23.4%