Morristown Township, MN is a relatively affluent area and it shows in its median housing value of $475,500. This is well above the US House Median Value of $338,100 and shows that the township has seen a steady appreciation in home values over time. In the past year alone, house appreciation in Morristown Township has been 7.18%, slightly lower than the US average of 8.27%. This indicates that people are still finding value in investing in homes located within this township.
The median home cost in Morristown township is $475,500. Home appreciation the last 10 years has been 91.3%. Home Appreciation in Morristown township is up 12.1%.
Average Age of Homes
- The median age of Morristown township real estate is 41 years old
The Rental Market in Morristown township
- Renters make up 16.1% of the Morristown township population
- 0.0% of houses and apartments in Morristown township, 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.