The housing in Morrisonville, IL is considerably lower than the US median house value of $338,100. However, over the past year, Morrisonville has experienced a higher rate of house appreciation at 10.25%, compared to 8.27% nationally. The median house value in Morrisonville currently stands at $111,200 and it has seen significant growth in the last year. This indicates that the housing market in Morrisonville is strong.
The median home cost in Morrisonville is $111,200. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Morrisonville is up 11.6%.
Average Age of Homes
- The median age of Morrisonville real estate is 62 years old
The Rental Market in Morrisonville
- Renters make up 9.9% of the Morrisonville population
- 8.3% of houses and apartments in Morrisonville, 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.