Morristown, MN Real Estate
According to census data in the year 2000 there were 374 housing units in Morristown.
This represents a 21% growth from 309 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 374 were located in what is classified as a rural area.
Homeownership rate in Morristown is about 85.2%.
Morristown's vacancy rate, including seasonal lodging, is about 2.7%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Morristown were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.40% |
| Two Bedrooms | 24.90% |
| Three Bedrooms | 43.30% |
| Four Bedrooms | 19.80% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $81,600 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.83 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 46.30% |
| Debt Free | 42.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
