Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morristown area can be challenging. Home prices in Morristown are now at a median cost of $219,188, lower than the Minnesota average of $269,934.
The average cost of rent is $899/mo in Morristown, primarily driven by the current value of real estate in the Morristown area. While nearly 46.80% of residents own their homes outright in Morristown, 12.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morristown is $6,430 per month. Households that rent pay about 13.99% of their income on rent here. Morristown's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Warsaw, MN: higher priced homes
- Waterville, MN: equally priced homes
- Kilkenny, MN: higher priced homes
- Shieldsville, MN: higher priced homes
- Medford, MN: equally priced homes
- Faribault, MN: less expensive homes
- Waseca, MN: less expensive homes
- Prairieville, MN: equally priced homes
- Meriden, MN: equally priced homes
- Elysian, MN: higher priced homes
Cities with Similar Populations
- Ansted, WV: less expensive homes
- Wrightsville, AR: less expensive homes
- Woodland, MI: less expensive homes
- Wood River, NE: less expensive homes
- Williamsport, OH: less expensive homes
- West Decatur, PA: less expensive homes
- West Bay, FL: higher priced homes
- Wellsville, MO: less expensive homes
- Waldo, WI: equally priced homes
- Victory Gardens, NJ: less expensive homes
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