Morristown, South Dakota has an affordable housing market with a median value of $53,800. This is significantly lower than the US median house value of $338,100. Despite the low median value, houses in Morristown have appreciated over the past year at a rate of 14.45%, which is higher than the national average of 8.27%. This demonstrates that Morristown's housing market offers good potential for investors and buyers alike.
The median home cost in Morristown is $53,800. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Morristown is up 17.2%.
Average Age of Homes
- The median age of Morristown real estate is 75 years old
The Rental Market in Morristown
- Renters make up 28.3% of the Morristown population
- 0.0% of houses and apartments in Morristown, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.