Housing in Morris, MN is quite affordable compared to the US median value. The median housing value in Morris, MN is $173,200 while the US House Median Value is $338,100. In addition, the US 1 year House Appreciation rate is 8.27%, but house appreciation in Morris, MN for that same period was 13.39%. This suggests that the housing market in Morris, MN has increased at a faster pace than the national average. With this in mind, now may be a good time for those looking to buy or invest in real estate in Morris to do so before prices rise further.
The median home cost in Morris is $173,200. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Morris is up 12.6%.
Average Age of Homes
- The median age of Morris real estate is 50 years old
The Rental Market in Morris
- Renters make up 38.7% of the Morris population
- 3.4% of houses and apartments in Morris, 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.