Morganton, North Carolina.
Typical home $258,145 (+1.1% in a year), asking rent $1,436 . Hickory-Lenoir-Morganton, NC metro.
to buy the typical home at today's mortgage rate — +$785 (+138%) since Jan 2020.
- 1 year
- Up $2,768 +1%
- $255,377$258,145 since Sep 2025
- 5 years
- Up $56,017 +28%
- $202,128$258,145 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Morganton$1,355
- North Carolina$1,743
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Morganton, NC rose 1.1% over the past year — in step with the nation.
Living in Morganton, Burke County, North Carolina
Morganton is a city of 17,474 people in Burke County. Half its households earn more than $51,355 a year and half less, against $58,592 across Burke County; 26% of its people live below the poverty line. 55% of its homes are lived in by their owners and 45% are rented. Unemployment in Burke County was 3.4% in August 2026, and the county had 0.7% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Morganton is a small city and the seat of Burke County. Homes are lived in by their owners more often than not, though a good number of households rent. Incomes in town run below the county's, and more people live below the poverty line than most would expect of a place this size. Residents are somewhat younger than in many small towns, and a minority of adults hold a four-year degree. Winters are cold but short, with highs near freezing at the coldest and only a little snow, while summers turn warm, and rain falls steadily through the year.
Work. Most residents work in schools, hospitals and social care, with manufacturing, shops, and restaurants and hotels close behind. Among the largest workplaces in Morganton are Broughton Hospital, Blue Ridge Healthcare Hospitals and the Case Farms poultry processing plant. Jobs across Burke County grew slightly last year, and unemployment is lower than a year ago. The typical commute is short, and few people work from home.
Things to do. A short drive away, McGalliard Falls is a waterfall, and Lake James is a reservoir for time on the water. Joara, also a short drive away, is an archaeological site tied to the area's early history. For more of a day out, South Mountains State Park is a protected area of woods and trails, reached by a longer drive.
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- 6,888households
- 26%of adults have a degree
- 26%below the poverty line
- 18 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Burke County had 29,771 jobs in 2025, 0.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 49° and lows near 28°; warmest in July, with highs near 88° and lows near 66°. About 4 inches of snow and 52 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Morganton weather station, 2 miles away (NOAA).
Largest workplaces in Morganton
- Broughton HospitalPsychiatric hospital1,437FTE
- Blue Ridge Healthcare HospitalsGeneral hospital1,433FTE
- Case Farms Morganton Processing PlantPoultry slaughtering, dressing, and packing981
- Department of Health and Human ServicesIntellectual and developmental disability intermediate care facilities785
- Leviton Manufacturing CoConnectors and terminals for electrical devices manufacturing501
- WalmartWarehouse clubs and supercenters333
- Molded Fiber GlassMotor vehicle moldings and extrusions, plastics, manufacturing207
- Ferguson CopelandHousehold-type furniture, upholstered, manufacturing172
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 40 workplaces with 20 or more staff, 6,428 people in all. Hospitals come from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Ice stormsRelatively high
- LightningRelatively high
- Inland floodingRelatively high
- TornadoesRelatively high
- Strong windRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Morganton’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Burke County and the Hickory-Lenoir-Morganton, NC metro.
Morganton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Morganton$258,145
- North Carolina$332,159
- United States$366,157
Sellers are cutting prices on about 1 in 4 Morganton listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Morganton27.93%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Morganton216
New listings per month
Sellers arriving at the market.
- Morganton51
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Morganton$284,891
- United States$371,407
Zip codes with a Morganton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Morganton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.