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MN area data

Morgan, MN

Morgan, MN.

Population: 1,583 (Census ACS)

The typical home value in Morgan, MN is $187,639 — up 6.3% over the past year. Homes sell for a median $165,750 after a median 46 days on market. 1 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with cold wave, drought, hail the top-rated hazards. Cost of living is 11.4% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$187,639

Typical home value

+6.3%

1-year change

46

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Typical home value
$187,639
1-year appreciation
+6.3%
3-year appreciation
+23.6%
5-year appreciation
+43.0%
10-year appreciation
+87.8%
Peak value since 2000 (Mar 2026)
$188,025
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$165,750
Median list price
$159,900
Median price per sqft
$115
1-year sale-price change
+9.4%
Median days on market
46 days
Homes sold (recent period)
4
For-sale inventory
5
Sale-to-list ratio
94.0%
Active listings
3
1-year forecast
+2.0%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$706/mo
1BR fair-market rent
$775/mo
2BR fair-market rent
$1,014/mo
3BR fair-market rent
$1,389/mo
4BR fair-market rent
$1,509/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
88.6 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
1
Elementary schools
0
Middle schools
0
High schools
1
Avg student-teacher ratio
14.1 : 1
Schools include
Cedar Mountain Middle/High School

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
cold wave, drought, hail, strong wind, winter weather
Notable hazard ratings (county)
hail: Relatively Moderate · drought: Relatively Moderate · cold wave: Relatively Moderate · strong wind: Relatively Moderate · winter weather: Relatively Moderate · tornado: Relatively Low
Wildfire risk to homes (county)
Higher than 11% of US counties
Buildings in wildfire direct-exposure zone
36.8%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
44.0°F
Average high
55.0°F
Average low
34.0°F
Annual precipitation
29.3 in
Annual snowfall
46.3 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

Airports within 30 mi
11
Nearest airport
Redwood Falls Municipal Airport (RWF) (11 mi)
Nearest major airport
Redwood Falls Municipal Airport (RWF) (11 mi)
Hospitals in or near this ZIP
11
Hospitals include
HUTCHINSON HEALTH, SANFORD WESTBROOK MEDICAL CENTER, SANFORD TRACY MEDICAL CENTER
Avg hospital rating (CMS)
3.3 / 5
Best hospital rating nearby (CMS)
5.0 / 5
EV charging stations (within 10 mi)
12
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
-17 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1958
Housing built before 1970
59.6%
Housing built 2000 or later
10.8%
Median annual property tax
$1,284
Mean commute to work
20 min
Households with broadband internet
53.2%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
4,727
Average weekly wage
$1,059
Top industries (by employment)
Wholesale Trade, Accommodation & Food, Finance & Insurance
Annual residential building permits (county)
7

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

MorganState medianUS median
Typical home value$187,639$300,176$288,527
Median sale price$165,750$315,500$325,000
Median days on market46 days39 days51 days
Median annual property tax$1,284$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in Morgan, MN?
$187,639.
What is the median sale price in Morgan, MN?
$165,750.
How long do homes take to sell in Morgan, MN?
Median days on market: 46 days.
What is typical rent in Morgan, MN?
2-bedroom fair-market rent: $1,014/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Morgan, MN?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: cold wave, drought, hail, strong wind, winter weather.
What is the wildfire risk in Morgan, MN?
Risk to homes is higher than 11% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Morgan, MN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Morgan, MN?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Morgan, MN?
1 schools (1 high) (NCES, 2024-25).
What is the cost of living in Morgan, MN?
Regional Price Parity: 88.6 (100 = US average) (Low) (BEA RPP, metro/state-level).

ZIP code for Morgan

Listing a home in Morgan, MN?

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents