Morgan, MN 56266 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Morgan, MN—56266

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$179,000

11.7% YoY Growth

Household Income

$70,000

31.9% YoY Growth

Days on Market

124

269.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$677

7.6% YoY Growth

1-Bed Rent

$677

7.6% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Morgan, MN

Morgan, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$179,000	11.7%
Single Family	$178,000	11.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Morgan, MN

As of July '25, Rentcast reports the average rent in Morgan, MN is $691, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Morgan, MN is 1-bedrooms: $691. The most common rental property sizes in Morgan, MN are 2-bedroom and 1-bedroom, accounting for 50.0% and 25.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$677	$691
Studio Rent	N/A	N/A
1 Bed Rent	$677	$691
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

1 Bedroom

25.0%

2 Bedrooms

50.0%

3 Bedrooms

13.0%

4 Bedrooms

6.0%

5+ Bedrooms

6.0%

Property Listings — Morgan, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Morgan, MN is 112. This is a increase of 122.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$257,000	82.0%
Listing Count	4	27.0%
Listings as % of Homes	0.5%	27.0%
Days on Market	124	269.0%

Loading chart...

Demographics — Morgan, MN

As of the latest ACS Survey released in 2023, Morgan, MN has a population of 1,520, which has increased by 2.7% over the past 5 years. Morgan, MN is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,520	2.7%
% Under 18	24.3%	6.6%
% Seniors	22.0%	2.3%
% WFH	13.8%	-15.9%
% w/ College Degree	19.9%	-6.1%

Loading chart...

As of the latest ACS Survey released in 2023, Morgan, MN is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Morgan, MN is hispanic, making up 4.1% of the population. Foreign-born residents account for 1.5% of the population in Morgan, MN, and this percentage has increased by 114.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.0%	-6.1%
% Black	0.0%	-100.0%
% Hispanic	4.1%	86.4%
% Asian	0.0%	N/A
% Foreign Born	1.5%	114.3%

Loading chart...

Mortgage and Risk — Morgan, MN

According to HUD data as of 2023, there were 31 mortgage originations in Morgan, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Morgan, MN. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	31
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	0.0%
% Second Loans	3.0%
% Cash Out Refinance	13.0%

Loading chart...

Rentals and Section 8 — Morgan, MN

Morgan, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	3
Total Units Section 8	3
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$133	$677	$810
2 Bedroom	N/A	N/A	$1,060
3 Bedroom	N/A	N/A	$1,470
4 Bedroom	N/A	N/A	$1,790

Morgan, MN—56266

Key Metrics at a Glance

Home Price Trends — Morgan, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morgan, MN

% of Rental Stock

Property Listings — Morgan, MN

Demographics — Morgan, MN

Race and Ethnicity

Mortgage and Risk — Morgan, MN

Mortgages

Rentals and Section 8 — Morgan, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Morgan, MN

Home Price to Income Ratio

Morgan, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Franklin, MN

Springfield, MN

Sleepy Eye, MN

Fairfax, MN

Comfrey, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$179,000
Median Household Income	$70,000

Morgan, MN—56266

Key Metrics at a Glance

Home Price Trends — Morgan, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morgan, MN

% of Rental Stock

Property Listings — Morgan, MN

Demographics — Morgan, MN

Race and Ethnicity

Mortgage and Risk — Morgan, MN

Mortgages

Rentals and Section 8 — Morgan, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Morgan, MN

Home Price to Income Ratio

Morgan, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Franklin, MN

Springfield, MN

Sleepy Eye, MN

Fairfax, MN

Comfrey, MN

Frequently Asked Questions

What is the average home price in Morgan, MN 56266?

How have home prices in Morgan, MN 56266 changed over the past year?

What is the home price projection for Morgan, MN 56266?

What are the demographics of Morgan, MN 56266?

How long does it take homes to sell in Morgan, MN 56266?

What is the average rent price in Morgan, MN 56266?