Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morristown area can be challenging. Home prices in Morristown are now at a median cost of $124,541, lower than the Illinois average of $242,002.
The average cost of rent is $691/mo in Morristown, primarily driven by the current value of real estate in the Morristown area. While nearly 54.72% of residents own their homes outright in Morristown, 11.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morristown is $5,384 per month. Households that rent pay about 12.83% of their income on rent here. Morristown's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- New Milford, IL: equally priced homes
- Davis Junction, IL: higher priced homes
- Monroe Center, IL: higher priced homes
- Holcomb, IL: higher priced homes
- Stillman Valley, IL: higher priced homes
- Cherry Valley, IL: higher priced homes
- Rockford, IL: less expensive homes
- Lindenwood, IL: higher priced homes
- White Rock, IL: higher priced homes
- Irene, IL: higher priced homes
Cities with Similar Populations
- Gilpin, KY: less expensive homes
- Fort Monmouth, NJ: higher priced homes
- Foundryville, PA: higher priced homes
- Four Corners, WI: higher priced homes
- Four Holes, SC: equally priced homes
- Frederick, PA: higher priced homes
- Friendship, GA: equally priced homes
- Friendship, OK: higher priced homes
- Fulton, AL: less expensive homes
- Galt, MO: equally priced homes
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