Zip 57645 (Morristown, SD) Housing

In 57645 Morristown, SD, the median value of a house is $60,700 which is much lower than the US median house value of $338,100. The appreciation rate of houses in the US for one year is 8.27%, however in this small town the appreciation rate was 14.45% over the course of one year. This is a great indicator that this town could be an excellent investment for someone looking to purchase a home. The low house price combined with a higher appreciation rate make it an ideal location for potential buyers looking to invest in housing.

The median home cost in Morristown (zip 57645) is $60,700. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Morristown (zip 57645) is up 17.2%.

Average Age of Homes

- The median age of Morristown (zip 57645) real estate is 63 years old

The Rental Market in Morristown (zip 57645)

- Renters make up 26.2% of the Morristown (zip 57645) population
- 0.0% of houses and apartments in Morristown (zip 57645), 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, South Dakota	United States
	92.0	139,647,020.0
	48	42
	$60,700	$338,100
	17.2%	16.6%
	51.6%	57.0%
	81.4%	101.1%
	$13.12	$10.98
	$333	$2,690
	64.1%	57.4%
	29.3%	11.2%
	6.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	16.3%	3.6%
	13.0%	4.1%
Value of Owner-Occupied Housing
	42.4%	2.6%
	20.3%	2.4%
	11.9%	2.8%
	6.8%	3.9%
	1.7%	4.5%
	1.7%	11.3%
	1.7%	13.0%
	6.8%	20.1%
	6.8%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.2%	13.6%
	2.2%	13.6%
	6.5%	13.6%
	0.0%	13.2%
	8.7%	14.8%
	6.5%	13.6%
	7.6%	10.0%
	2.2%	4.7%
	63.0%	12.2%

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