Home Price Key
Affordable
Average
Expensive
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 $137,883, lower than the Iowa average of $182,666.
The average cost of rent is $723/mo in Morrison, primarily driven by the current value of real estate in the Morrison area. While nearly 43.33% of residents own their homes outright in Morrison, 19.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morrison is $6,420 per month. Households that rent pay about 11.26% of their income on rent here. Morrison's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Grundy Center, IA: equally priced homes
- Reinbeck, IA: equally priced homes
- Lincoln, IA: higher priced homes
- Zaneta, IA: higher priced homes
- Holland, IA: less expensive homes
- Dike, IA: higher priced homes
- Sinclair, IA: higher priced homes
- Voorhies, IA: higher priced homes
- Beaman, IA: equally priced homes
- Gladbrook, IA: less expensive homes
Cities with Similar Populations
- South Russell, NY: less expensive homes
- Laurel Grove, TN: less expensive homes
- Laurel Mills, VA: higher priced homes
- Leadore, ID: higher priced homes
- Leamington, UT: higher priced homes
- Lefor, ND: higher priced homes
- Leicester, VT: higher priced homes
- Liberty, AZ: higher priced homes
- Smithville, NY: higher priced homes
- Laurel Dale, WV: higher priced homes
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