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Affordable
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These days, finding an affordable place to live in the Morrison area can be challenging. Home prices in Morrison are now at a median cost of $1,024,764, higher than the Colorado average of $579,698.
The average cost of rent is $2,325/mo in Morrison, primarily driven by the current value of real estate in the Morrison area. In Morrison, 5.24% of households rent, and 35.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morrison is $14,965 per month. Households that rent pay about 15.54% of their income on rent here. Morrison’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Indian Hills, CO: less expensive homes
- Dakota Ridge, CO: less expensive homes
- Idledale, CO: equally priced homes
- Ken Caryl, CO: less expensive homes
- Kittredge, CO: less expensive homes
- Columbine, CO: less expensive homes
- Conifer, CO: less expensive homes
- Evergreen, CO: equally priced homes
- Bow Mar, CO: higher priced homes
- Lakewood, CO: less expensive homes
Cities with Similar Populations
- Seward, NE: less expensive homes
- Howard City, MI: less expensive homes
- Santa Clara, UT: less expensive homes
- Satsuma, AL: less expensive homes
- Savannah, MO: less expensive homes
- Schuyler, NE: less expensive homes
- Scotia, NY: less expensive homes
- Scottdale, PA: less expensive homes
- Scottsburg, IN: less expensive homes
- Selmer, TN: less expensive homes
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