States · Minnesota · Redwood County

Morgan, Minnesota.

Typical home $128,886 (+4.0% in a year).

What it costs per month · Morgan $676/mo

to buy the typical home at today's mortgage rate — +$419 (+163%) since Jan 2020.

What the home itself did
1 year
Up $4,906 +4%
$123,980$128,886 since Sep 2025
5 years
Up $41,422 +47%
$87,464$128,886 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Morgan $676 Minnesota $1,831 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Morgan$676
  • Minnesota$1,831
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 9 years.

Typical home values in Morgan, MN rose 4.0% over the past year — faster than the nation's +1.2%.

Living in Morgan, Redwood County, Minnesota

Morgan is a city of 888 people in Redwood County. Half its households earn more than $55,833 a year and half less, against $67,866 across Redwood County; 12% of its people live below the poverty line. 78% of its homes are lived in by their owners and 22% are rented. Unemployment in Redwood County was 4.6% in August 2026, and the county had 1.7% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.

People 888 in the 2020 census; median age 41.4
Household income $55,833 the median, give or take $12,459 · Redwood County: $67,866
Unemployment 4.6% Redwood County, August 2026; 3.7% a year before
Homes 78% lived in by their owners; 22% rented

Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.

What it’s like

The place. Morgan is a small city in Redwood County, Minnesota, where most homes are lived in by their owners and the typical home costs less than in much of the country. Residents are somewhat older than in many places, and household incomes run below the county's. Winters are cold, with January the coldest month, while July brings warm days, and the year's moisture comes as a mix of rain and melted snow.

Work. Residents work mainly in schools, hospitals and social care, in manufacturing, in restaurants, hotels and entertainment, and in the building trades. Across Redwood County, some of the largest workplaces are Clayton, a manufactured home maker, Carris Health-redwood, a critical access hospital, and the Redwood Area School District. Few adults hold a four-year degree, and most people travel a moderate distance to work, with some working from home. Job numbers in the county slipped over the past year, and unemployment is higher than it was a year earlier.

Things to do. Fort Ridgely, a historic fort, is a short drive away. Farther afield, a longer drive brings you to Fort Ridgely State Park, a protected area with room for walking and time outdoors, and to Flandrau State Park, another protected area. Altermatt Lake is a lake within a longer drive as well.

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  • 378households
  • 19%of adults have a degree
  • 12%below the poverty line
  • 22 mintypical commute
  • 8%work from home

What residents work in

  • Schools, hospitals and social care30%
  • Manufacturing18%
  • Restaurants, hotels and entertainment9%
  • Building trades9%
  • Shops (retail)8%
  • Transport, warehouses and utilities7%

Employed residents by industry, from the Census survey. Redwood County had 5,995 jobs in 2025, 1.7% fewer than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 23° and 6°; warmest in July, 84° and 62° 0° 20° 40° 60° 80° J 23° 6° F M A M J J 84° 62° A S O N D
Average daily high and low for each month: coldest in January, 23° and 6°; warmest in July, 84° and 62° 0° 20° 40° 60° 80° J 23° 6° F M A M J J 84° 62° A S O N D

Coldest in January, with highs near 23° and lows near 6°; warmest in July, with highs near 84° and lows near 62°. About 28 inches of rain and melted snow a year.

Average daily high and low, 1991–2020, at the Redwood Falls Municipal Airport weather station, 12 miles away (NOAA).

Largest workplaces in Redwood County

  1. ClaytonManufactured home manufacturing264
  2. Independent School DistrictSchool districts, elementary or secondary228
  3. Carris Health-redwoodCritical access hospital184FTE
  4. Redwood Area School DistrictSchool district173FTE
  5. WalmartWarehouse clubs and supercenters169
  6. City of Redwood FallsGeneral public administration147
  7. HR ManagerBuildings, prefabricated, wood, manufacturing106
  8. Farmward CooperativeGrain elevators merchant wholesalers grain102

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 31 workplaces with 20 or more staff, 2,255 people in all across the county; Morgan has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.

Natural hazards

  1. Winter weatherVery high
  2. Strong windVery high
  3. Cold wavesVery high
  4. HailRelatively high
  5. Heat wavesRelatively high
  6. DroughtRelatively moderate

FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Morgan’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.

From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Redwood County.

Morgan home values

Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.

$100,000 $200,000 $300,000 2018 2020 2022 2024 2026 Morgan $128,886 Minnesota $348,778 United States $366,157
$100,000 $200,000 $300,000 2018 2022 2026
  • Morgan$128,886
  • Minnesota$348,778
  • United States$366,157

When this market ran hot

Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

Market heat, inside the city limits

Homes for sale

Active for-sale inventory. More supply hands power to buyers.

Not enough data to draw this yet.

Zip codes with a Morgan address

A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Morgan — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.

Zillow publishes no zip-level series with this city on the address.