Zip 61550 (Morton, IL) Housing

The housing market in 61550 Morton, IL is currently very attractive for potential buyers. The median value of a house in the area is $233,000 which is significantly lower than the US median value of $338,100. In addition to the lower median value, houses in the area have also seen a 1 year appreciation rate of 7.36%, slightly lower than the US average rate of 8.27%. All these factors make this area an ideal destination for those looking to purchase a new home at an affordable price.

The median home cost in Morton (zip 61550) is $233,000. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Morton (zip 61550) is up 7.3%.

Average Age of Homes

- The median age of Morton (zip 61550) real estate is 44 years old

The Rental Market in Morton (zip 61550)

- Renters make up 20.6% of the Morton (zip 61550) population
- 1.3% of houses and apartments in Morton (zip 61550), 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
	8,004.0	139,647,020.0
	47	42
	$233,000	$338,100
	7.3%	16.6%
	22.9%	57.0%
	26.6%	101.1%
	$21.25	$10.98
	$4,384	$2,690
	74.2%	57.4%
	6.6%	11.2%
	19.2%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	1.9%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	3.7%	2.6%
	1.3%	2.4%
	0.5%	2.8%
	1.1%	3.9%
	1.5%	4.5%
	14.2%	11.3%
	25.4%	13.0%
	30.4%	20.1%
	14.6%	13.6%
	2.6%	8.3%
	3.0%	9.7%
	1.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.5%	13.6%
	11.5%	13.6%
	13.3%	13.6%
	5.6%	13.2%
	21.0%	14.8%
	13.3%	13.6%
	10.5%	10.0%
	4.5%	4.7%
	10.0%	12.2%

Reviews for Morton

See all (0)

Write a Review

Start Your Review of Morton

Commute

The premier source for comprehensive city data for over 30 years.