House Prices

House Prices & Home Values Morgan, MN 2026


Average Data

average house price$121,600
average size per house2935 ft²
average price per ft²42 $ / ft²

04/15/2026 - The value range (VR) for house prices in Morgan, MN is $42/ sqft to $42/ sqft. An average home with 2935 sqft costs approximately $123,270 to $123,270. Morgan, MN includes 1 ZIP codes and it is located in Redwood county. The lowest prices are found in ZIP 56266, while the highest are in ZIP 56266. The average price per sqare feet is $42. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Morgan

5626640 $ / ft²




Historical development of home values in Morgan

Year Estimated value (USD) Change vs. 2025
2010 $56,473 -53.6%
2011 $54,289 -55.4%
2012 $54,143 -55.5%
2013 $56,167 -53.8%
2014 $58,960 -51.5%
2015 $61,986 -49.0%
2016 $65,221 -46.4%
2017 $68,741 -43.5%
2018 $72,541 -40.3%
2019 $75,905 -37.6%
2020 $79,829 -34.4%
2021 $90,797 -25.3%
2022 $105,849 -13.0%
2023 $111,622 -8.2%
2024 $118,080 -2.9%
2025 $121,600 0.0%

Graph: estimated home values in Morgan over time (USD)



Example: 100% financing house in Morgan

Loan amount: $121,600

Interest rate: 6.00%

Fixed monthly payment: $729.05

Breakdown in the 1st month:
Interest portion: $608.00  –  Principal portion: $121.05

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,255.38 $1,493.26 $120,106.74
2 $7,163.28 $1,585.36 $118,521.37
3 $7,065.50 $1,683.15 $116,838.23
4 $6,961.68 $1,786.96 $115,051.27
5 $6,851.47 $1,897.17 $113,154.10
6 $6,734.45 $2,014.19 $111,139.91
7 $6,610.22 $2,138.42 $109,001.49
8 $6,478.33 $2,270.31 $106,731.18
9 $6,338.30 $2,410.34 $104,320.84
10 $6,189.64 $2,559.00 $101,761.84
11 $6,031.80 $2,716.84 $99,045.01
12 $5,864.24 $2,884.40 $96,160.60
13 $5,686.33 $3,062.31 $93,098.29
14 $5,497.46 $3,251.19 $89,847.11
15 $5,296.93 $3,451.71 $86,395.39
16 $5,084.04 $3,664.61 $82,730.79
17 $4,858.01 $3,890.63 $78,840.16
18 $4,618.05 $4,130.60 $74,709.56
19 $4,363.28 $4,385.36 $70,324.20
20 $4,092.80 $4,655.84 $65,668.36
21 $3,805.64 $4,943.00 $60,725.36
22 $3,500.76 $5,247.88 $55,477.48
23 $3,177.09 $5,571.55 $49,905.93
24 $2,833.45 $5,915.20 $43,990.73
25 $2,468.61 $6,280.03 $37,710.70
26 $2,081.27 $6,667.37 $31,043.33
27 $1,670.04 $7,078.60 $23,964.73
28 $1,233.45 $7,515.19 $16,449.54
29 $769.93 $7,978.71 $8,470.82
30 $277.82 $8,470.82 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Morgan, MN


1500 sqft3900 sqft
Ø selling price$76,230$162,162
Ø fast selling$69,300$145,946
Ø high price sale$83,160$178,379

In 2026, houses in Morgan, MN will be offered at an average price of $42 per square foot. A 1,500 sqft home priced at $76,230 is 21.76% more expensive per square foot than a 3,900 sqft home priced at $162,162. Home prices in Morgan, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $112,267. Sellers who can wait longer may achieve a higher price of up to $137,215.


Explore Morgan, MN

Overview

Nestled in Redwood County, Morgan, MN blends small-town warmth with the wide-open beauty of southern Minnesota. Visitors and residents appreciate its agricultural heritage, friendly main street, and easy pace of life.

Location & Access

The city sits along Minnesota State Highway 68, making regional travel to Redwood Falls, Sleepy Eye, and New Ulm straightforward. Its central location places prairie parks, trail systems, and scenic drives just minutes away.

Community & Lifestyle

Morgan?s community calendar features hometown parades, ball games at local parks, and seasonal gatherings that showcase genuine Midwestern hospitality. Affordable housing, low commute times, and safe neighborhoods make living in Morgan, Minnesota attractive for families and retirees.

Attractions & Things to Do

Nearby, the historic Gilfillan Estate hosts events like Minnesota Farmfest, drawing agriculture professionals and curious travelers alike. Popular things to do in Morgan, MN include casual dining, browsing local shops, and accessing fishing, hunting, and birding across the surrounding countryside.

Economy & Education

Agriculture and ag-support businesses anchor the local economy, complemented by healthcare, retail, and small-scale manufacturing. Education is a community priority, with Cedar Mountain Secondary School serving area students and partnering on activities that strengthen civic pride.



FAQ – Home Values in Morgan

What is the median home value in Morgan in 2026?

In 2026, the typical home value in Morgan is about $121,600 for an average home size of 2935 square feet. This corresponds to an average price of roughly $42 per square foot.

What is the average cost per square foot in Morgan?

In 2026, homes in Morgan sell for an average of around $42 per square foot, with a typical range between $42 and $42 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Morgan is about 2935 square feet, with an estimated 2026 value around $121,600.



Locations close to Morgan, MN

Morris, MN94 $ / ft²
Morton, MN94 $ / ft²
Murdock, MN86 $ / ft²
Montevideo, MN90 $ / ft²
Minneota, MN112 $ / ft²
Milroy, MN90 $ / ft²
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