Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morrison area can be challenging. Home prices in Morrison are now at a median cost of $151,007, lower than the Illinois average of $242,002.
The average cost of rent is $820/mo in Morrison, primarily driven by the current value of real estate in the Morrison area. While nearly 49.17% of residents own their homes outright in Morrison, 15.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morrison is $6,182 per month. Households that rent pay about 13.26% of their income on rent here. Morrison's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Union Grove, IL: higher priced homes
- Round Grove, IL: equally priced homes
- Lyndon, IL: less expensive homes
- Fair Haven, IL: equally priced homes
- Fenton, IL: equally priced homes
- Garden Plain, IL: higher priced homes
- Portland, IL: less expensive homes
- Coleta, IL: less expensive homes
- Fulton, IL: less expensive homes
- Galt, IL: equally priced homes
Cities with Similar Populations
- Rockvale, TN: higher priced homes
- Hamilton, MI: higher priced homes
- Hamilton, NY: higher priced homes
- Hamlin, NY: less expensive homes
- Hampden, ME: higher priced homes
- Hampstead, NH: higher priced homes
- Hampton, NJ: higher priced homes
- Hancock, MI: equally priced homes
- Hanover, IN: less expensive homes
- Hapeville, GA: higher priced homes
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