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Morristown, MN Home Values and Rents
The typical home value in Morristown is $322,610, 269th highest of 363 cities and towns in Minnesota. Median rent is $1,018 a month.
- Typical home value
- $322,610
- 269th of 363 in MN
- Median rent
- $1,018/mo
- ACS 2020-2024
- Price change, 1 year
- +3.0%
- Sep 2026
- Homeownership
- 76.7%
- MN: 72.2%
Typical home value in Morristown
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Morristown |
|---|---|
| Sep 2026 | $322,610 |
| Dec 2025 | $315,683 |
| Dec 2024 | $302,102 |
| Dec 2023 | $290,242 |
| Dec 2022 | $276,455 |
| Dec 2021 | $257,778 |
| Dec 2020 | $237,270 |
| Dec 2019 | $215,164 |
| Dec 2018 | $203,008 |
| Dec 2017 | $190,092 |
| Dec 2016 | $175,491 |
| Dec 2015 | $161,920 |
| Dec 2014 | $149,244 |
| Dec 2013 | $141,684 |
| Dec 2012 | $132,837 |
Over five years, Morristown prices changed +25.8%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Rice County, MN
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $931 | +3.6% |
| 1 bedroom | $937 | +3.5% |
| 2 bedrooms | $1,226 | +3.3% |
| 3 bedrooms | $1,621 | +5.7% |
| 4 bedrooms | $2,049 | +2.9% |
Frequently asked questions
- What is the typical home value in Morristown, MN?
- The typical home value in Morristown is $322,610 (Zillow Home Value Index, Sep 2026). The Minnesota median is $329,300.
- How much is rent in Morristown?
- The median rent in Morristown is $1,018 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,226.
- Are home prices going up in Morristown?
- The typical home value in Morristown changed +3.0% over one year and +25.8% over five years, as of Sep 2026.
- How does Morristown compare with the rest of Minnesota?
- Morristown has the 269th highest median home value of 363 cities and towns with 1,000+ residents in Minnesota.