Morris, IL is a great place to invest in real estate. The median value of homes in Morris is $254,900, which is significantly lower than the US median house value of $338,100. In the past year alone, houses in Morris have appreciated by 9.35%, which is higher than the US average of 8.27%. This means that now is an excellent time to buy a home in Morris as a long-term investment or for personal use.
The median home cost in Morris is $254,900. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Morris is up 13.7%.
Average Age of Homes
- The median age of Morris real estate is 41 years old
The Rental Market in Morris
- Renters make up 36.2% of the Morris population
- 1.6% of houses and apartments in Morris, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.