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Affordable
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These days, finding an affordable place to live in the Morris area can be challenging. Home prices in Morris are now at a median cost of $286,828, lower than the Illinois average of $300,242.
The average cost of rent is $1,162/mo in Morris, primarily driven by the current value of real estate in the Morris area. In Morris, 35.24% of households rent, and 34.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morris is $7,916 per month. Households that rent pay about 14.68% of their income on rent here. Morris’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lisbon, IL: higher priced homes
- Carbon Hill, IL: higher priced homes
- Mazon, IL: less expensive homes
- Eileen, IL: less expensive homes
- Coal City, IL: less expensive homes
- Stavanger, IL: higher priced homes
- Lorenzo, IL: higher priced homes
- Verona, IL: less expensive homes
- Minooka, IL: higher priced homes
- Seneca, IL: less expensive homes
Cities with Similar Populations
- Point Pleasant, NJ: higher priced homes
- Red Hill, SC: less expensive homes
- Radford, VA: less expensive homes
- Prospect, KY: higher priced homes
- Prineville, OR: higher priced homes
- Powhatan, VA: higher priced homes
- Pottsville, PA: less expensive homes
- Portland, TX: less expensive homes
- Port Wentworth, GA: less expensive homes
- Rensselaer, NY: less expensive homes
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