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MN area data

Morristown, MN

Morristown, MN.

Population: 2,114 (Census ACS)

Home values & appreciation

Median home value
$332,405
1-year appreciation
+3.6%
3-year appreciation
+12.8%
5-year appreciation
+26.3%
10-year appreciation
+90.9%
All-time peak (2026-07)
$332,405
House Price Index
429.3 (+3.3% YoY)

Market activity

Median sale price
$305,900
Median list price
$357,450
Median days on market
13 days
Sale-to-list ratio
99.7%
Active listings
3
1-year forecast
+1.6%

Rents

2-bedroom fair-market rent (HUD reference)
$1,176/mo
3BR fair-market rent
$1,529/mo

Affordability

Cost of living index (Average)
97.5 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
2
Elementary schools
0
Middle schools
2
High schools
0

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
hail, strongWind, coldWave, inlandFlooding, tornado
FEMA flood zone
AE
Flood risk level
High

Climate (30-year normals)

Average annual temperature
45.0°F
Average high
54.0°F
Average low
35.0°F
Annual precipitation
38.5 in
Annual snowfall
53.4 in

Walkability & transit

Walkability index
6.7 / 20
Transit service frequency
-99,999

Amenities

National parks within ~60 mi
1
Nearest national park
Mississippi National River & Recreation Area (52 mi)
Nearest airport
Sevcik Farms Airport (6 mi)
Hospitals nearby (~15 mi)
2
Solar radiation rating
Fair (3.8 kWh/m²/day)

Migration

Net migration
-12 tax filers

Housing stock

Median year housing built
1,972
Median annual property tax
$2,533
Mean commute to work
21 min
Households with broadband internet
74.4%

Employment & development

Total county employment
22,022
Average weekly wage
$1,065
Top industries (by employment)
Health Care, Accommodation & Food, Education
Annual residential building permits (county)
50

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents