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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Morrison, CO Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Morrison, CO Housing Market Trends

With a population of 375, 114 total housing units (homes and apartments), and a median house value of $935,335, Morrison house prices are not only among the most expensive in Colorado, Morrison real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Morrison, accounting for 89.06% of the town's housing units. Other types of housing that are prevalent in Morrison include duplexes, homes converted to apartments or other small apartment buildings ( 10.94%).

People in Morrison primarily live in small (one, two or no bedroom) single-family detached homes. Morrison has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Morrison's housing was primarily built during this period, from the '40s through the '60s. A full 47.66% of the town's housing hails from this era. Other housing ages represented in Morrison include homes built before 1939 ( 35.16%) and housing constructed between 1970-1999 ( 14.84%). There's also some housing in Morrison built between 2000 and later ( 2.34%).

Vacant housing appears to be an issue in Morrison. Fully 10.94% of the housing stock is classified as vacant. Left unchecked, vacant Morrison homes and apartments can be a drag on the real estate market, holding Morrison real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Morrison Home Appreciation Rates

In the last 10 years, Morrison has experienced some of the highest home appreciation rates of any community in the nation. Morrison real estate appreciated 132.50% over the last ten years, which is an average annual home appreciation rate of 8.80%, putting Morrison in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Morrison definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Morrison appreciation rates have trailed the rest of the nation. In the last twelve months, Morrison's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Morrison were at 0.22%, which equates to an annual appreciation rate of 0.89%.

Relative to Colorado, our data show that Morrison's latest annual appreciation rate is lower than 70% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Morrison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Morrison - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Morrison real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$935,335

Morrison, CO Home Prices
> $1,283,000
$962,001 - $1,283,000
$641,001 - $962,000
$513,001 - $641,000
$385,001 - $513,000
$257,001 - $385,000
$129,001 - $257,000
$64,001 - $129,000
$0 - $64,000
19.3%
19.3%
30.6%
30.6%
28.2%
28.2%
8.6%
8.6%
7.6%
7.6%
1.8%
1.8%
0.5%
0.5%
0.0%
0.0%
3.3%
3.3%
0% 100.0%
% of Homes
Very High

for Colorado

Very High

for nation

Number of Homes And Apartments:

114

Morrison Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,983 / per month

Homeownership Rate

Owners
Renters
41.9%
41.9%
58.1%
58.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.9%
10.9%
89.1%
89.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.3%
2.3%
14.8%
14.8%
47.7%
47.7%
35.2%
35.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
89.1%
89.1%
0.0%
0.0%
10.9%
10.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
3.9%
3.9%
44.5%
44.5%
28.9%
28.9%
15.6%
15.6%
7.0%
7.0%
0% 100.0%
% of Homes