56267, Morris, MN

Morris, MN is located in the southeastern corner of Minnesota and has a population of just over 10,000. The 56267 zip code covers just over 1 square mile and has a median home value of $130,000. Home equity in Morris has been on the rise for the past few years as prices have increased by about 7%. This increase can be attributed to several factors including low interest rates, increasing demand from buyers and sellers, and limited supply.

Interest rates are currently at historic lows which is helping to drive up home values. There is an increasing demand for homes in Morris as people are looking for affordable housing options. Additionally, there is a limited number of homes available for sale which is driving up prices even more. Finally, Morris has a high rate of homeownership which contributes to higher home values.