Zip 55052 (Morristown, MN) Housing

Morristown, MN is a great place to buy a house. The median value of housing in Morristown is $281,300, which is significantly lower than the US median value of $338,100. Though the US has seen an appreciation rate of 8.27% over the past year, Morristown homes have seen a slower but still healthy appreciation rate of 6.66%. This makes now a great time to invest in Morristown real estate and become part of this wonderful community.

The median home cost in Morristown (zip 55052) is $281,300. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Morristown (zip 55052) is up 12.2%.

Average Age of Homes

- The median age of Morristown (zip 55052) real estate is 43 years old

The Rental Market in Morristown (zip 55052)

- Renters make up 13.5% of the Morristown (zip 55052) population
- 0.8% of houses and apartments in Morristown (zip 55052), 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	Morristown, Minnesota	United States
	883.0	139,647,020.0
	48	42
	$281,300	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$8.71	$10.98
	$1,980	$2,690
	74.2%	57.4%
	15.6%	11.2%
	10.2%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	7.7%	3.6%
	6.8%	4.1%
Value of Owner-Occupied Housing
	5.2%	2.6%
	1.8%	2.4%
	1.5%	2.8%
	0.5%	3.9%
	2.6%	4.5%
	15.6%	11.3%
	16.8%	13.0%
	20.0%	20.1%
	19.5%	13.6%
	10.4%	8.3%
	4.9%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.9%	13.6%
	10.9%	13.6%
	14.4%	13.6%
	7.6%	13.2%
	18.6%	14.8%
	14.4%	13.6%
	5.4%	10.0%
	4.0%	4.7%
	23.7%	12.2%

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