Morgan, MN—56266
Real Estate Data & Market Trends
Key Metrics at a Glance
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 |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Morgan, MN
As of Nov '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 | $265,000 | 76.0% |
Listing Count | 6 | 100.0% |
| Listings as % of Homes | 0.5% | 100.0% |
Days on Market | 112 | 122.0% |
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% |
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% |
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% |
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 |
Affordability — Morgan, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $179,000 |
| Median Household Income | $70,000 |