Morrill, NE—69358
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morrill, NE
As of Oct '25, the median home price in Morrill, NE is $187,000, with a year-over-year change of 6.3%. This indicates that home prices in Morrill, NE are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 6.3% |
| Single Family | $187,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $145,000 | 5.8% |
3 Bed | $206,000 | 6.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morrill, NE
As of July '25, Rentcast reports the average rent in Morrill, NE is $825, with a year-over-year rent change of -25.0%. Per bedroom, the median rent as of July '25 in Morrill, NE is 2-bedrooms: $825. The most common rental property sizes in Morrill, NE are 2-bedroom and 3-bedroom, accounting for 33.1% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $825 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $825 | $825 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morrill, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Morrill, NE is 64. This is a decrease of -57.0% from last year, suggesting that homes are sitting on the market shorter 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 | $225,000 | -38.0% |
Listing Count | 11 | 6.0% |
| Listings as % of Homes | 0.8% | 6.0% |
Days on Market | 64 | -57.0% |
Demographics — Morrill, NE
As of the latest ACS Survey released in 2023, Morrill, NE has a population of 1,980, which has increased by 7.3% over the past 5 years. Morrill, NE is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,980 | 7.3% |
% Under 18 | 21.7% | 7.4% |
% Seniors | 19.2% | 35.2% |
% WFH | 12.9% | 76.7% |
% w/ College Degree | 18.9% | 4.4% |
As of the latest ACS Survey released in 2023, Morrill, NE is a predominantly white area, with 83.5% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Morrill, NE is hispanic, making up 11.2% of the population. Foreign-born residents account for 1.5% of the population in Morrill, NE, and this percentage has increased by 15.4% 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 | 83.5% | 2.3% |
% Black | 0.1% | -87.5% |
% Hispanic | 11.2% | -30.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.5% | 15.4% |
Mortgage and Risk — Morrill, NE
According to HUD data as of 2023, there were 12 mortgage originations in Morrill, NE, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Morrill, NE. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 12 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Morrill, NE
Morrill, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 1 |
% 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 | N/A | N/A | $730 |
| 2 Bedroom | $85 | $825 | $910 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Morrill, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $187,000 |
| Median Household Income | $51,500 |