Market Overview
Home Prices in Morris, MN
The median home value in Morris, MN is $217,666 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morris are priced47% below average.
Over the past five years, Morris home values have risen by approximately18.3%, reflecting steady appreciation in this market.
Price History
Morris Home Price Trend
2020
$171,793
$172K
—
2021
$184,025
$184K
+7.1%
2022
$196,414
$196K
+6.7%
2023
$204,067
$204K
+3.9%
2024
$200,634
$201K
-1.7%
2025
$207,475
$207K
+3.4%
2026
$217,666
$218K
+4.9%
City Comparison
Morris vs. National Median
🏠 Morris
$217,666
National Median
$410,000
At $217,666, homes in Morris cost 47% below the national median of $410,000. This makes Morris a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morris?
20% Down Payment
$43,533
on $217,666
Monthly P&I
$1,135/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,441/mo
incl. taxes & insurance
Income Needed
$57,640
gross annual (30% rule)
10% Down Option
$21,767
+ PMI applies
Loan Amount (20% dn)
$174,133
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Morris, MN?
The median home value in Morris is $217,666 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Morris?
Over the past year, home values in Morris have increased by 4.9%. Over five years, prices have risen approximately 18.3%.
How much do I need to earn to buy a home in Morris?
To comfortably afford the median home price of $217,666 with a 20% down payment ($43,533) at today's rates (6.8%), you'd need a gross annual income of approximately $57,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Morris compare to the national average home price?
The national median home value is approximately $410,000. At $217,666, homes in Morris are 47% below the national average.