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Affordable
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These days, finding an affordable place to live in the Morrill area can be challenging. Home prices in Morrill are now at a median cost of $295,630, lower than the Minnesota average of $345,793.
The average cost of rent is $727/mo in Morrill, primarily driven by the current value of real estate in the Morrill area. In Morrill, 7.63% of households rent, and 46.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morrill is $7,212 per month. Households that rent pay about 10.08% of their income on rent here. Morrill’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ramey, MN: equally priced homes
- North Benton, MN: equally priced homes
- Jakeville, MN: higher priced homes
- Genola, MN: equally priced homes
- Gilman, MN: higher priced homes
- Parent, MN: higher priced homes
- Royalton, MN: equally priced homes
- Pierz, MN: less expensive homes
- Foley, MN: less expensive homes
- Hillman, MN: equally priced homes
Cities with Similar Populations
- Gilsonite, CO: higher priced homes
- Thicket, TX: less expensive homes
- Tanglewood, TN: less expensive homes
- Table Rock, NE: less expensive homes
- Grapeville, PA: less expensive homes
- Granville, TN: less expensive homes
- Goffs Corner, KY: less expensive homes
- Girdletree, MD: less expensive homes
- Gimlet, KY: less expensive homes
- Thornburg, PA: higher priced homes
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