The housing market in Morrill, MN is quite strong, with a median value of $290,300. This is significantly lower than the US median house value of $338,100, but its 1 year appreciation rate of 7.75% is only slightly lower than the US average rate of 8.27%. The relatively low median value combined with high appreciation rate make the area an attractive option for potential home buyers.
The median home cost in Morrill is $290,300. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Morrill is up 13.6%.
Average Age of Homes
- The median age of Morrill real estate is 37 years old
The Rental Market in Morrill
- Renters make up 5.3% of the Morrill population
- 0.0% of houses and apartments in Morrill, 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.