The housing market in Morrison, OK is quite robust. The median value of a home in the city is $173,000, which is far lower than the national average of $338,100. However, this does not mean that homes prices are stagnant as the one year house appreciation rate for Morrison is 11.89%, significantly higher than the national rate of 8.27%. This indicates that the real estate market is strong and houses are appreciating in value at a rapid pace due to increased demand from potential buyers.
The median home cost in Morrison is $173,000. Home appreciation the last 10 years has been 72.0%. Home Appreciation in Morrison is up 17.4%.
Average Age of Homes
- The median age of Morrison real estate is 44 years old
The Rental Market in Morrison
- Renters make up 17.3% of the Morrison population
- 1.6% of houses and apartments in Morrison, 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.