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Affordable
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These days, finding an affordable place to live in the Morton area can be challenging. Home prices in Morton are now at a median cost of $145,333, lower than the Minnesota average of $345,793.
The average cost of rent is $967/mo in Morton, primarily driven by the current value of real estate in the Morton area. In Morton, 12.15% of households rent, and 60.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morton is $6,053 per month. Households that rent pay about 15.98% of their income on rent here. Morton’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Redwood, MN: higher priced homes
- Franklin, MN: equally priced homes
- Redwood Falls, MN: higher priced homes
- Gilfillan, MN: higher priced homes
- Bechyn, MN: higher priced homes
- Morgan, MN: equally priced homes
- Delhi, MN: higher priced homes
- Clements, MN: higher priced homes
- Fairfax, MN: equally priced homes
- Evan, MN: higher priced homes
Cities with Similar Populations
- Amargosa Valley, NV: less expensive homes
- Zorn, TX: higher priced homes
- Yawkey, WV: equally priced homes
- Yateston, TN: higher priced homes
- Wilson, MI: higher priced homes
- Vintondale, PA: less expensive homes
- Truro, MA: higher priced homes
- Dodge, NE: higher priced homes
- Bruceville-Eddy, TX: higher priced homes
- Boston, KY: higher priced homes
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