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Morrison County Housing Market

Minnesota · 87 counties · Ranked #2276 in home value

Below National Avg

Housing at a Glance

Median Home Value

$237,000

vs national$237,000 vs $281,900 national

Median Gross Rent

$782/mo

vs national$782 vs $1,163 national

Effective Tax Rate

0.91%

vs national0.91% vs 1.02% national

Median Household Income

$68,640

vs national$68,640 vs $74,755 national

Affordability Ratio

3.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

23.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,154

Tax as % of Home Value

0.91%

Monthly Owner Cost

$1,063

Renter Income

$37,831

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Frequently Asked Questions

What is the median home value in Morrison County?

The median home value in Morrison County is $237,000. This is below the national median of $281,900.

How much is rent in Morrison County?

The median gross rent in Morrison County is $782 per month.

What is the property tax rate in Morrison County?

The effective property tax rate in Morrison County is 0.91%. The median annual property tax bill is $2,154.

Is Morrison County affordable?

With a home-value-to-income ratio of 3.5x, Morrison County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.