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Morristown Real Estate Market Facts

  • $116,300Median home price
    39% lower than Minnesota
  • $778Median rent asked
    11% lower than Minnesota
  • 83.4%Home owners
    17% higher than Minnesota
  • 2.3People per home
    4% lower than Minnesota

Morristown Home Affordability

  • $116,300Median home price
    39% lower than Minnesota
  • $49,375Median home income
    22% lower than Minnesota
  • 2.4xHome price to income ratio
    22% lower than Minnesota

Morristown Affordability Calculator

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Morristown Mortgage Calculator

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Morristown Demographics

  • 918Population
  • 847People / sq mile
  • 39.8Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Kilkenny, MN211$88,10052%
Le Center, MN2,404$118,60036%
Waseca, MN9,267$123,50033%
Waterville, MN1,945$129,80030%
Janesville, MN2,674$130,20030%
Morristown, MN918$116,30037%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Ider, AL918$98,60047%
Shoreham, MI918$183,5001%
Poestenkill, NY918$206,40012%
Riesel, TX918$88,50052%
Sharptown, MD918$134,10027%
Morristown, MN918$116,30037%
Source: The Morristown, MN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).