Morgan, MN Real Estate
According to census data in the year 2000 there were 426 housing units in Morgan.
This represents a 0.5% growth from 424 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 426 were located in what is classified as a rural area.
Homeownership rate in Morgan is about 83.9%.
Morgan's vacancy rate, including seasonal lodging, is about 11%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Morgan were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 7% |
| Two Bedrooms | 31.20% |
| Three Bedrooms | 43.20% |
| Four Bedrooms | 13.80% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $47,400 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.66 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $410 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.30% |
| Home Equity Loan | 2% |
| Simple Mortgage | 38.90% |
| Debt Free | 57.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.1% |
