The story of this market
The typical home in ZIP 56267 sells for about $248,450, or $135 per square foot.
Prices are up +18.3% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $970 a month.
ZIP 56267 — Morris
The Morris housing market shows strong appreciation and tightening inventory, reflecting a healthy local economy. Rising demand for limited housing stock is driving price growth, while the market remains accessible compared to larger urban centers.
This ZIP is well-suited for families, university-affiliated professionals, and those seeking a quiet, affordable small-town lifestyle with access to essential amenities.
Median prices moved up 18.3% year over year.
Homes spend a median of 45 days on market with 3.5 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 13.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56267, Stevens County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Morris area are generally low and stable, consistent with rural Minnesota community trends.
The area is served by Morris Area Schools, which maintains a solid reputation for academic performance and community engagement.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with low overall flood risk.
Economic momentum is anchored by the University of Minnesota Morris and regional agricultural processing, providing a stable employment base.
Property taxes are assessed at the county level in Stevens County, with rates determined by local school district levies and municipal requirements.
Commutes are primarily local within the city of Morris, with minimal traffic congestion and easy access to regional highways.
The area features access to Pomme de Terre Park, local golf courses, and various community trails, serving as a hub for regional outdoor activity.
The rental market is characterized by steady demand driven by university students and local workforce, with limited vacancy pressure.
The economy is driven by higher education, agriculture, and regional healthcare services.
Transportation is primarily automobile-dependent, with well-maintained regional highway access.
Development is focused on modest residential infill and maintenance of existing infrastructure.
Parcels are subject to Stevens County and Morris Area School District tax levies.
Property insurance remains stable, reflecting the low-hazard environment of the Upper Midwest.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major local park offering trails and recreational space.
Anchor institution providing cultural and athletic events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.