Zip 56266 (Morgan, MN) Housing

Housing in Morgan, MN (56266) is both more affordable and appreciating faster than the nation as a whole. The median value of homes in Morgan is $136,400, significantly lower than the national median of $338,100. In terms of appreciation over the past year, Morgan has seen an increase of 13.39%, compared to 8.27% nationally. This trend suggests that Morgan may be a great place for potential home buyers looking for an affordable option that could provide good returns on their investment.

The median home cost in Morgan (zip 56266) is $136,400. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Morgan (zip 56266) is up 12.6%.

Average Age of Homes

- The median age of Morgan (zip 56266) real estate is 60 years old

The Rental Market in Morgan (zip 56266)

- Renters make up 13.7% of the Morgan (zip 56266) population
- 4.4% of houses and apartments in Morgan (zip 56266), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Morgan, Minnesota	United States
	678.0	139,647,020.0
	71	42
	$136,400	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$9.67	$10.98
	$1,126	$2,690
	68.4%	57.4%
	15.5%	11.2%
	16.1%	31.4%
Vacant Housing
	4.4%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	9.3%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	8.6%	2.4%
	10.1%	2.8%
	8.6%	3.9%
	10.6%	4.5%
	20.5%	11.3%
	18.1%	13.0%
	8.4%	20.1%
	5.8%	13.6%
	1.9%	8.3%
	3.4%	9.7%
	0.9%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.5%	13.6%
	3.5%	13.6%
	5.8%	13.6%
	8.4%	13.2%
	13.7%	14.8%
	5.8%	13.6%
	10.0%	10.0%
	10.8%	4.7%
	39.4%	12.2%

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