Bill Hill
Morrison Real Estate
Bill Hill provides straightforward guidance for buyers and sellers navigating the Morrison, Minnesota real estate market. He focuses on facts and clear communication rather than sales pressure.
The housing landscape in Morrison consists largely of established properties. Data shows that 82% of homes are single-family detached units (U.S. Census Bureau, 2020–2024 ACS 5-year estimates). This inventory includes everything from waterfront properties to new construction projects, giving buyers distinct options in a market where 81% of homes are owner-occupied (U.S. Census Bureau, 2020–2024 ACS 5-year estimates).
Bill Hill approaches every transaction with a no-nonsense perspective. He believes houses sell themselves, and his role is to manage the complexities of the process once a property is chosen. Whether a client is looking for their first home or is interested in downsizing, Bill provides the necessary oversight without the typical industry fluff.
Values in the county have remained steady. The median home value for owner-occupied units is $248,500 (U.S. Census Bureau, 2020–2024 ACS 5-year estimates). Sellers in the area benefit from a market that has seen a home price change of +53.3% over the last 5 years (Federal Housing Finance Agency House Price Index, 2020 to 2025).
By the numbers
Morrison County at a glance
| Population2020–2024 ACS 5-year estimates | 34,249 |
|---|---|
| Housing units2020–2024 ACS 5-year estimates | 16,256 |
| Median home value (owner-occupied)2020–2024 ACS 5-year estimates | $248,500 |
| Median monthly rent2020–2024 ACS 5-year estimates | $788 |
| Median annual property tax paid2020–2024 ACS 5-year estimates | $2,190 |
| Homes that are owner-occupied2020–2024 ACS 5-year estimates | 81% |
| Homes that are single-family detached2020–2024 ACS 5-year estimates | 82% |
| Median year homes were built2020–2024 ACS 5-year estimates | 1977 |
| Commutes under 30 minutes2020–2024 ACS 5-year estimates | 57% |
| Home price change, 1 year2024 to 2025 | +2.4% |
| Home price change, 5 years2020 to 2025 | +53.3% |
| Average 30-year fixed mortgage rate (U.S.)week of 2026-09-24 | 7.03% |
| Average 30-year fixed mortgage rate a year earlier (U.S.)week of 2025-09-18 | 6.26% |
Sources: U.S. Census Bureau, American Community Survey; Federal Housing Finance Agency House Price Index; Freddie Mac Primary Mortgage Market Survey. Published estimates for the area as a whole, not a valuation of any property.
FAQ
Frequently asked questions
What is the current housing inventory like in Morrison?↓
The area features a significant amount of established housing, with the median year homes were built being 1977 (U.S. Census Bureau, 2020–2024 ACS 5-year estimates). Most of the stock consists of single-family detached homes, though options for new construction and townhouses exist across the county.
How much should I expect to pay in property taxes in Morrison, Minnesota?↓
Tax obligations vary by specific property and location. According to recent data, the median annual property tax paid in the county is $2,190 (U.S. Census Bureau, 2020–2024 ACS 5-year estimates). Bill Hill can help you review the specific tax history for any property you are considering.
Is Morrison a good place to look for a first home?↓
The market offers a high rate of homeownership, with 81% of homes being owner-occupied (U.S. Census Bureau, 2020–2024 ACS 5-year estimates). Bill Hill specializes in working with first-time buyers, providing the clear guidance needed to transition from renting to owning without unnecessary pressure.
What are the current mortgage rates for buyers in Morrison?↓
Mortgage rates fluctuate based on national trends and individual credit profiles. The average 30-year fixed mortgage rate in the U.S. was 7.03% for the week of 2026-09-24 (Freddie Mac Primary Mortgage Market Survey). This is an increase from the average of 6.26% recorded one year earlier (Freddie Mac Primary Mortgage Market Survey, 2025-09-18).
How have home values in Morrison changed recently?↓
The market has shown consistent growth over the long term. While the one-year home price change was +2.4%, the five-year home price change reached +53.3% (Federal Housing Finance Agency House Price Index, 2020 to 2025). These figures reflect a market with sustained appreciation for property owners.