The housing market in Morrison, MN County is flourishing and growing. The median value of a house in Morrison is currently $251,200, which is significantly lower than the US House Median Value of $338,100. Additionally, the 1 year appreciation rate for houses in Morrison is 11.37%, which is much higher than the US average of 8.27%. This suggests that more people are looking to live in Morrison due to its relatively low housing prices and rapid appreciation rates. As such, investing in real estate in Morrison may be a good move for those looking for affordable housing as well as potential returns on their investment.
The median home cost in Morrison County is $251,200. Home appreciation the last 10 years has been 79.5%. Home Appreciation in Morrison County is up 14.8%.
Average Age of Homes
- The median age of Morrison County real estate is 40 years old
The Rental Market in Morrison County
- Renters make up 16.8% of the Morrison County population
- 0.5% of houses and apartments in Morrison County, 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.