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Affordable
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These days, finding an affordable place to live in the Morton area can be challenging. Home prices in Morton are now at a median cost of $253,643, lower than the Illinois average of $300,242.
The average cost of rent is $1,136/mo in Morton, primarily driven by the current value of real estate in the Morton area. In Morton, 19.10% of households rent, and 46.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morton is $8,508 per month. Households that rent pay about 13.35% of their income on rent here. Morton’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Groveland, IL: equally priced homes
- Towne Oaks, IL: equally priced homes
- East Peoria, IL: less expensive homes
- Washington, IL: less expensive homes
- Tremont, IL: equally priced homes
- Deer Creek, IL: equally priced homes
- Creve Coeur, IL: less expensive homes
- Marquette Heights, IL: less expensive homes
- Harvard Hills, IL: equally priced homes
- Mackinaw, IL: less expensive homes
Cities with Similar Populations
- Madison, CT: higher priced homes
- Mayfield, KY: less expensive homes
- Maryland City, MD: higher priced homes
- Marshfield, MA: higher priced homes
- Marlboro, NJ: higher priced homes
- Marcus Hook, PA: equally priced homes
- Maple Shade, NJ: less expensive homes
- Manchester, MO: higher priced homes
- Malvern, AR: less expensive homes
- Madisonville, LA: higher priced homes
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