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Morton

Learn about the people, housing, costs and businesses in Morton, Minnesota

Median Home$138,200
Median Rent$685/month
Population424
Leading IndustriesRetail · Construction · Agriculture & Mining22% retail
Home Value Growth-4.6% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners77% of occupied units
NotableAffordable Market$138k median home · lower cost than 78% of the country
Morton
MN

Frequently Asked Questions

What are today's mortgage rates in Morton?

As of today, the 30-year fixed mortgage rate for Morton is approximately 6.965% (7.004% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Morton?

The median home value in Morton is $138k. The median monthly rent is $685. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morton?

Home values in Morton have decreased 4.6% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

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

Based on a typical all-in ownership cost of $917/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morton is $74k/year.

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What industries drive the economy in Morton?

The largest employment sectors in Morton are retail (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.