Total monthly cost of ownership
Cost to Own a Home in Morris, Minnesota
A $185,000 home here costs
$1,556per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $951. The real number is $605 higher every month — 64% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Morris against Stevens County and Minnesota
| Measure | Morris | Stevens County |
|---|---|---|
| Median home value | $185,200 | $180,800 |
| Median property tax | $1,800 | $1,459 |
| Effective tax rate | 0.972% | 0.807% |
| Median gross rent | $841 | $833 |
| Population | 5,092 | 9,686 |
The weather behind that power bill
Morris sits in Stevens County, which averages a high of 80.7°F in its hottest month and a low of 0.5°F in its coldest, with 26.95" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 498 cooling and 8,757 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Stevens County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stevens County
No other places of this size are published in Stevens County.
Full Stevens County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Morris?
A $185,000 home in Morris, Minnesota costs approximately $1,556 per month with 20% down at 6.66%. That is $951 principal and interest, $150 property tax, $80 homeowners insurance, $220 utilities and $154 set aside for maintenance.
What is the property tax rate in Morris?
Morris has an effective property tax rate of 0.972%, based on a median home value of $185,200 and median real estate taxes of $1,800. That is higher than the Stevens County average of 0.807%.
What is the average home price in Morris?
The median owner-occupied home value in Morris, Minnesota is $185,200, against $180,800 across Stevens County.
Is it cheaper to rent or buy in Morris?
Median gross rent in Morris is $841 a month, against $1,556 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Morris — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Minnesota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.