YOUR NEIGHBORHOOD GUIDE · PENROSE, NC
Get to know
Morgan Ridge.
Explore Morgan Ridge in Penrose, NC: nearby homes, schools and everyday places.
LIFE IN MORGAN RIDGE
Get a feel for Morgan Ridge.
Morgan Ridge is a neighborhood in Penrose, NC. This guide brings together a housing snapshot and places to explore in and around the community.
LOCAL KNOWLEDGE MAKES A DIFFERENCE
Work with Top Real Estate Agents in Morgan Ridge
Explore top real estate agents in Penrose who serve the Morgan Ridge neighborhood. Compare their experience, verified reviews, and profiles. A neighborhood-specific rating for Morgan Ridge is not currently available.
A LOOK AT THE MARKET
Morgan Ridge Housing Market
Asking prices come from active listings. Recorded sales cover to . A dash means that figure was not available.
What kinds of homes are here?
12 residential property records give a broader picture of Morgan Ridge, including homes that aren’t for sale.
Updated 2026-10-11. These are property classifications, not a census of individual homes.
How does Morgan Ridge compare?
Compare median asking prices across Penrose neighborhoods.
| Neighborhood | Median asking price | Compared with Morgan Ridge | Sale price / sq ft | Recorded sales |
|---|---|---|---|---|
| Morgan Ridge This neighborhood | $161,950 | — | — | 2 |
| Statford Forest | $322,450 | 99% higher | — | 0 |
| Mountain Meadows | $134,900 | 17% lower | — | 2 |
| Little River Ranch | $345,000 | 113% higher | — | 2 |
| Parkway View | $249,000 | 54% higher | — | 1 |
| Mountain Estates | $149,000 | 8% lower | — | 0 |
Median asking price and price per square foot come from the same listing sample as the neighborhood cards. Recorded sales cover 2025-10-11 to 2026-10-11. A dash means that figure was not available.
Explore nearby neighborhoods in Penrose
Statford Forest ↗
- Median asking price
- $322,450
- / sq ft
- —
- Active listings
- Not available
- properties in discovery sample
- 14
—Nearby schools · estimated
Ratings not available
Mountain Meadows ↗
- Median asking price
- $134,900
- / sq ft
- —
- Active listings
- Not available
- properties in discovery sample
- 12
BNearby schools · estimated
7/10 · 3 schools
Little River Ranch ↗
- Median asking price
- $345,000
- / sq ft
- —
- Active listings
- Not available
- properties in discovery sample
- 11
—Nearby schools · estimated
Ratings not available
Parkway View ↗
- Median asking price
- $249,000
- / sq ft
- —
- Active listings
- Not available
- properties in discovery sample
- 4
—Nearby schools · estimated
Ratings not available
Mountain Estates ↗
- Median asking price
- $149,000
- / sq ft
- —
- Active listings
- Not available
- properties in discovery sample
- 3
BNearby schools · estimated
7.2/10 · 6 schools
Median asking price is the midpoint of listing prices in the discovery sample. A dash means that figure was not available. Photos show community or nearby landmarks.
See all featured Penrose neighborhoods →THE CITY AROUND YOU
Penrose demographics & households
Citywide context for a move to Morgan Ridge. These figures describe Penrose as a whole.
From FastExpert’s existing Penrose city-data source, retrieved 2026-10-11; source year was not supplied. Explore all Penrose city data →
FIND YOUR PLACE HERE
Homes for sale in Morgan Ridge
No properties are currently available in Morgan Ridge. Explore homes for sale in nearby neighborhoods.
For sale0 beds · 0 baths · 0 sq ft
99999 Merrills Chase Road
Asheville, NC
For sale0 beds · 0 baths · 0 sq ft
Plumley Summit Road
Landrum, SC
For sale3 beds · 2 baths · 1,576 sq ft
117 Exeter Court
Hendersonville, NC
For sale3 beds · 3 baths · 1,989 sq ft
209 Mint Way
Flat Rock, NC
For sale0 beds · 0 baths · 0 sq ft
0 Chestnut Oak Ln
Pisgah Forest, NC
For sale0 beds · 0 baths · 0 sq ft
10A Reserve Rd
Pisgah Forest, NC
For sale2 beds · 1 baths · 1,008 sq ft
250 Oakdale St
Brevard, NC
For sale0 beds · 0 baths · 0 sq ft
0 Hidden Valley Rd
Marietta, SC
For sale5 beds · 5 baths · 4,085 sq ft
309 Split Creek Trl
Travelers Rest, SC
For sale4 beds · 6 baths · 4,212 sq ft
243 Poplar Ln
Pisgah Forest, NC
For sale5 beds · 4 baths · 3,909 sq ft
600 E Main St
Brevard, NC
For sale1 beds · 1 baths · 384 sq ft
608 Ray Ave
Hendersonville, NC
KEEP EXPLORING
Get to know Penrose.
Explore the broader area’s housing and demographic context.
Frequently Asked Questions
Frequently Asked Questions About Morgan Ridge
Common questions about homes, the housing market, and daily life in Morgan Ridge, Penrose.
What types of homes are in Morgan Ridge?
Answer here
How Competitive Is the Morgan Ridge Housing Market?
Answer here
Is Morgan Ridge, Penrose a good neighborhood to live in?
Answer here
Pros and cons of living in Morgan Ridge, Penrose?
Answer here
Cost of living in Morgan Ridge, Penrose?
Answer here
How can I find a real estate agent serving Morgan Ridge?
Answer here
When is the best time to sell real estate in Morgan Ridge?
Answer here
When is the best time to buy real estate in Morgan Ridge?
Answer here
Sources, dates & how we calculate estimates
Nearby places and photos come from an approved snapshot. Viewing this page does not call Google Places. A controlled refresh can still search within 5 km of the center. Recreation combines park, lake, trail and club searches, removes duplicates and keeps results within 5 miles. Restaurant ranking balances star ratings with review counts; fast-food, convenience stores and places marked as not offering dine-in are excluded.
Housing mix uses residential property records, including homes that are not for sale. Market prices use the most recent recorded qualifying sale per property within 2025-10-11 to 2026-10-11. Transfers identified as non-market transactions and records without a positive sale amount are excluded. Medians appear with at least 10 sales; price per square foot also requires a recorded home size. Property classifications and neighborhood definitions may differ from local usage. These are dated snapshots, not a complete transaction history or live inventory feed.
School grades are FastExpert estimates based on the mean available ratings for unique public schools found across 4 Morgan Ridge property samples: A = 8–10, B = 6–under 8, C = 4–under 6, D = 2–under 4, F = 1–under 2. Unrated schools are excluded. Grades do not confirm attendance eligibility.
Penrose demographics come from the existing FastExpert city-data source. The city’s source year was not supplied. Top agents use FastExpert’s existing Penrose ranking; a Morgan Ridge-specific ranking is not available yet.