Morton, IL Housing

The housing market in Morton, IL is doing well, with a median value of $225,500. This is slightly lower than the US median house value of $338,100. However, the 1 year appreciation rate for houses in Morton is 7.36%, which is only slightly lower than the US 1 year appreciation rate of 8.27%. Overall, this indicates that housing in Morton is a solid investment and has seen healthy growth over the past year.

The median home cost in Morton is $225,500. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Morton is up 7.3%.

Average Age of Homes

- The median age of Morton real estate is 44 years old

The Rental Market in Morton

- Renters make up 21.9% of the Morton population
- 1.3% of houses and apartments in Morton, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Morton, Illinois	United States
	7,554.0	139,647,020.0
	47	42
	$225,500	$338,100
	7.3%	16.6%
	22.9%	57.0%
	26.6%	101.1%
	$22.04	$10.98
	$4,394	$2,690
	72.5%	57.4%
	7.0%	11.2%
	20.5%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	2.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	1.4%	2.4%
	0.6%	2.8%
	1.2%	3.9%
	1.7%	4.5%
	15.0%	11.3%
	26.4%	13.0%
	27.4%	20.1%
	15.4%	13.6%
	2.4%	8.3%
	2.8%	9.7%
	1.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.9%	13.6%
	11.9%	13.6%
	13.9%	13.6%
	5.9%	13.2%
	19.2%	14.8%
	13.9%	13.6%
	10.8%	10.0%
	4.4%	4.7%
	9.8%	12.2%