Morrison County, Minnesota home prices
Typical home $312,773 · +3.3% in a year · property tax 0.88%
The typical home in Morrison County is worth $312,773, 10% less than the Minnesota typical home ($348,778). Values changed +3.3% in the past year and +32.8% over five years. Homeowners here pay a median 0.88% of their home's value in property tax each year ($2,756 on the typical home), versus 1.04% statewide.
Mortgage on the typical Morrison County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $62,555 | $250,219 | $1,683 | $0 | $386 | $2,069 | $88,700 |
| 10% down | $31,277 | $281,496 | $1,894 | $117 | $386 | $2,397 | $102,700 |
| 5% down | $15,639 | $297,134 | $1,999 | $124 | $386 | $2,509 | $107,500 |
| 3.5% down (FHA) | $10,947 | $307,108 | $2,066 | $138 | $386 | $2,590 | $111,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.88% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Minnesota.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Benton County | $313,228 | +2.8% | 0.98% |
| Nicollet County | $312,313 | +3.0% | 1.13% |
| Stearns County | $310,038 | +2.4% | 1% |
| Mille Lacs County | $309,263 | +1.5% | 1.04% |
| Hubbard County | $317,334 | +1.9% | 0.78% |
| Wabasha County | $318,894 | +5.2% | 1.05% |
| Goodhue County | $321,212 | +1.6% | 1.05% |
| Clay County | $303,991 | +2.5% | 1.13% |
| Houston County | $322,279 | +3.5% | 1.15% |
| Blue Earth County | $301,642 | +2.1% | 0.98% |
Frequently asked questions
What is the average home price in Morrison County, MN?
The typical home value in Morrison County is $312,773 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Morrison County?
About $88,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Morrison County?
The median effective rate is 0.88% of home value a year (Census ACS 2024 5-year estimates).