Quick facts: Morrow, GA

Quick Facts

95.0
Cost of Living
below US average
6,426
Population
96.64
Crime Rate per 1000
above US average
$64,890
Median Income
below US average
$224,900
Median House Price
above US average
$1707.14
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $64,890.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $224,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $64,890
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Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1707.14/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $64,890
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Morrow, GA

Morrow is a city located in Clayton County, Georgia, just 15 miles southeast of downtown Atlanta. Nestled in the Atlanta metropolitan area, Morrow boasts a diverse community and a rich history. The city is known for its suburban charm, offering a mix of residential neighborhoods, commercial areas, and recreational facilities. One of the notable features of Morrow is its proximity to major highways, including Interstate 75, making it an accessible location for commuters and travelers. The area is also home to the Southlake Mall, which provides ample shopping and dining options to residents and visitors. Morrow features various parks and recreational opportunities, such as the Morrow City Park, which offers walking trails, playgrounds, and sports facilities. The city is also close to Lake Spivey, which is popular for boating and fishing. With a population of around 7,000, Morrow offers a tight-knit community feel while providing easy access to the urban amenities of Atlanta. The city is served by the Clayton County School District, which provides educational opportunities for families in the area. Overall, Morrow is a welcoming place that combines suburban living with urban convenience.

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