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Morristown

Learn about the people, housing, costs and businesses in Morristown, South Dakota

Median Home$69,400
Median Rent$450/month
Population45
Leading IndustriesTransportation · Construction · Agriculture & Mining6% transportation
Family-Friendly25% of residentsslightly above average
Homeowners67% of occupied units
NotableAffordable Market$69k median home · lower cost than 98% of the country
Morristown
SD

Frequently Asked Questions

What are today's mortgage rates in Morristown?

As of today, the 30-year fixed mortgage rate for Morristown is approximately 6.931% (6.968% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Morristown
What is the median home price in Morristown?

The median home value in Morristown is $69k. The median monthly rent is $450. Annual property taxes average $933. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Morristown?

Based on a typical all-in ownership cost of $555/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morristown is $48k/year.

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What industries drive the economy in Morristown?

The largest employment sectors in Morristown are public administration (17%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.