Morris, CT—06763
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morris, CT
As of Nov '25, the median home price in Morris, CT is $508,000, with a year-over-year change of 0.1%. This indicates that home prices in Morris, CT are flat. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $508,000 | 0.1% |
| Single Family | $510,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $399,000 | -2.0% |
3 Bed | $508,000 | -0.4% |
4 Bed | $629,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morris, CT
Morris, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,250 | $4,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $4,240 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,250 | $4,150 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Morris, CT
As of Nov '25, Realtor.com reports that the median days on market for a home in Morris, CT is 80. This is a decrease of -26.0% 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 | $742,000 | -46.0% |
Listing Count | 16 | 59.0% |
| Listings as % of Homes | 0.4% | 59.0% |
Days on Market | 80 | -26.0% |
Demographics — Morris, CT
As of the latest ACS Survey released in 2023, Morris, CT has a population of 2,080, which has increased by 8.0% over the past 5 years. Morris, CT is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 42.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,080 | 8.0% |
% Under 18 | 17.9% | -14.8% |
% Seniors | 25.6% | 28.0% |
% WFH | 13.3% | 171.4% |
% w/ College Degree | 42.1% | 12.0% |
As of the latest ACS Survey released in 2023, Morris, CT is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Morris, CT is black, making up 1.5% of the population. Foreign-born residents account for 1.0% of the population in Morris, CT, and this percentage has decreased by 54.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.0% | -1.6% |
% Black | 1.5% | ∞% |
% Hispanic | 1.4% | -30.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -54.5% |
Mortgage and Risk — Morris, CT
According to HUD data as of 2023, there were 39 mortgage originations in Morris, CT, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Morris, CT. Investor activity is low, as 3.0% 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 | 39 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 13.0% |
Rentals and Section 8 — Morris, CT
Morris, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | -$510 | $1,580 | $1,070 |
| 2 Bedroom | N/A | N/A | $1,340 |
| 3 Bedroom | -$2,600 | $4,250 | $1,650 |
| 4 Bedroom | -$1,110 | $3,000 | $1,890 |
Affordability — Morris, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $508,000 |
| Median Household Income | $114,000 |