Morgan Leone
Northfield Real Estate
Morgan Leone provides expert guidance for buyers and sellers in Northfield, Minnesota. This historic river town offers a distinct market where education and local insight drive every successful real estate transaction.
The Northfield housing market features a mix of historic architecture and modern developments. Data shows that 52% of homes are single-family detached (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Morgan Leone helps clients navigate these options with a focus on education. She remains the primary point of contact from the initial search through the final closing.
Buyers often look for stability in this region of Minnesota. The median year homes were built is 1986 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Morgan Leone specializes in first-time buyer programs and military loans to ensure clients make informed financial decisions. She offers a direct, supportive approach for those exploring townhouses or new construction.
Selling a property in Northfield requires an understanding of long-term trends. In Rice County, home prices changed by +39.7% over a five-year period (Federal Housing Finance Agency House Price Index, 2020 to 2025). Morgan Leone manages every detail of the listing process personally. Her commitment to clear communication helps sellers understand the value of their investment in the current market.
By the numbers
Northfield, MN at a glance
| Population2020–2024 ACS 5-year estimates | 20,742 |
|---|---|
| Housing units2020–2024 ACS 5-year estimates | 6,771 |
| Median home value (owner-occupied)2020–2024 ACS 5-year estimates | $329,400 |
| Median monthly rent2020–2024 ACS 5-year estimates | $1,103 |
| Median annual property tax paid2020–2024 ACS 5-year estimates | $4,522 |
| Homes that are owner-occupied2020–2024 ACS 5-year estimates | 69% |
| Homes that are single-family detached2020–2024 ACS 5-year estimates | 52% |
| Median year homes were built2020–2024 ACS 5-year estimates | 1986 |
| Commutes under 30 minutes2020–2024 ACS 5-year estimates | 75% |
| Home price change, 1 year (Rice County)2024 to 2025 | +4.3% |
| Home price change, 5 years (Rice County)2020 to 2025 | +39.7% |
| 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 median home value in Northfield, Minnesota?↓
The median home value for owner-occupied units is $329,400 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). This figure reflects the diverse range of single-family homes and townhouses available in the city. Morgan Leone uses these benchmarks to help clients evaluate specific property listings.
What percentage of Northfield residents own their homes?↓
Data indicates that 69% of homes are owner-occupied (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). This high rate of ownership is a significant characteristic of the local housing landscape. Morgan Leone assists both buyers entering the market and current owners looking to sell.
How have home prices in the Northfield area changed recently?↓
In Rice County, home prices saw a 1-year change of +4.3% (Federal Housing Finance Agency House Price Index, 2024 to 2025). This steady growth is part of a longer trend, including a five-year increase of +39.7% (Federal Housing Finance Agency House Price Index, 2020 to 2025). Morgan Leone tracks these shifts to provide accurate market advice.
What is the typical commute for people living in Northfield?↓
Approximately 75% of residents have commutes under 30 minutes (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). This accessibility makes the city a practical choice for those working locally or in nearby regions. Morgan Leone helps clients factor location and travel times into their home search.
What are the current mortgage rates for a home in Northfield?↓
The average 30-year fixed mortgage rate in the U.S. is 7.03% (Freddie Mac Primary Mortgage Market Survey, week of 2026-09-24). This is an increase from 6.26% a year earlier (Freddie Mac Primary Mortgage Market Survey, week of 2025-09-18). Morgan Leone educates buyers on how these rates impact their monthly payments and overall purchasing power.
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