The Most Affordable Neighborhoods in Morristown, ND by Home Value

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 $88,605, lower than the North Dakota average of $273,535.

The average cost of rent is $716/mo in Morristown, primarily driven by the current value of real estate in the Morristown area. In Morristown, 18.12% of households rent, and 78.02% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Morristown is $5,855 per month. Households that rent pay about 12.23% of their income on rent here. Morristown’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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