Photo: Neil and Kathy Carey from Edmonton, Canada · CC BY-SA 2.0Homes in Morell are worth 22% less than the median of Prince Edward Island’s towns
That is a median of $224,000 at the 2021 census, set beside $288,000 for Prince Edward Island’s towns. What homes sold for in Morell isn’t public: no sale figures are released on Prince Edward Island. For 2024, the median assessed value of a residential property is $127,000.
Morell’s homes, by two sources
Each source sits beside its own median for Prince Edward Island’s towns; none compares across provinces, which value homes in their own ways. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ.
median, owners’ estimate
- Average
- $251K
- Owners
- 470
- Prince Edward Island’s towns
- $288K
- The typical Canadian town
- $406K
all residential
- Prince Edward Island’s towns
- $159K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Houses in Morell carry assessments 20% under the middle of Prince Edward Island’s towns
Of Morell’s 925 residential properties on the 2024 roll, 89% are detached houses.
Median assessment by type, 2024 the tick is the median of Prince Edward Island’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Prince Edward Island’s towns with their own figure; assessments compare within a province only.
How Morell’s homes break down, by age and kind
The 2021 census counted 515 occupied homes in Morell; 91% of them are single-detached houses. Half went up before 2001.
Homes by period of construction the tick is the median of Prince Edward Island’s towns
Homes by kind
| Morell | Prince Edward Island | Canada | |
|---|---|---|---|
| Condominiums | under 1% | 1% | 8% |
| Needing major repairs | 9% | 7% | 6% |
| Too small for the household | 2% | 3% | 3% |
| Households in core housing need | 8% | 5% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Morell is cheaper than most of Prince Edward Island’s towns: 22% under their $288,000 median
The census values of Prince Edward Island’s towns, 12 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Morell’s neighbours by home value
Next to Morell: 2021 census values and the share of owners. The nearest places to Morell with figures are 16–26 km away.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Morell | $224K | $251K | 93% | |
| East River, Part 1 | $250K | $292K | 93% | 15.8 |
| Vernon River | $250K | $287K | 92% | 21.9 |
| North Shore | $300K | $330K | 83% | 24.5 |
| North Shore | $348K | $372K | 86% | 25.6 |
| Three Rivers | $250K | $266K | 73% | 25.6 |
Census 2021 values; km.
Questions about property prices in Morell
How many households in Morell are in core housing need?
In Morell, 8% of households are in core housing need, against 5% for Prince Edward Island’s towns: their home costs too much, is too small or needs major repairs, and nothing suitable nearby costs under 30% of their income.
Is Morell expensive for Prince Edward Island?
Less than most: Prince Edward Island’s towns have a median of $288,000, and Morell sits below it.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program. Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).