Living in Morrison, IA
Morrison, IA is a quaint town perfect for families and retirees, offering a peaceful lifestyle with a strong sense of community. With access to essential amenities, local parks, and quality schools, it provides a good environment for residents. The beautiful Iowa landscape enhances outdoor activities for nature lovers.
Current Market Conditions in Morrison, IA
Morrison's real estate market has shown consistent stability over the past few months, with a moderate increase in home prices driven by low inventory and an influx of buyers seeking a serene lifestyle. The demand remains steady as many are drawn to the area for its affordability compared to nearby urban centers.
Overall, the market trends indicate a healthy demand in Morrison, with homes typically selling within a reasonable timeframe. Investors and buyers alike find this small-town charm appealing, leading to favorable conditions for both selling and purchasing properties.
Home Value Estimator For Morrison, IA
There are currently 46 real estate properties
in Morrison, IA,
with a median automated valuation model (AVM) price
of $114,128.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Morrison, IA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Morrison, IA,
is $134,522.00, with the most expensive house
in Morrison, IA, topping out
at $321,097.00 and the cheapest home
in Morrison, IA,
clocking in at $26,903.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Morrison, IA!
Rent Prices
In Morrison, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Morrison, IA, is on
a rollercoaster ride. The
average rent price in Morrison, IA,
is $1,270.00. Indeed, when looking to rent in
Morrison, IA, you can expect to pay as little
as $570.00 or as much
as $1,650.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Morrison, IA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.