Expensive
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 $173,242, lower than the Indiana average of $232,932.
The average cost of rent is $840/mo in Morton, primarily driven by the current value of real estate in the Morton area. In Morton, 14.53% of households rent, and 45.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morton is $4,591 per month. Households that rent pay about 18.31% of their income on rent here. Morton’s most expensive areas are in the northwestern 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
- Fincastle, IN: higher priced homes
- Clinton Falls, IN: higher priced homes
- Portland Mills, IN: higher priced homes
- Russellville, IN: higher priced homes
- Bainbridge, IN: higher priced homes
- Mount Meridian, IN: higher priced homes
- Carpentersville, IN: higher priced homes
- Hollandsburg, IN: higher priced homes
- New Maysville, IN: higher priced homes
- Milligan, IN: higher priced homes
Cities with Similar Populations
- Hamlet, NE: less expensive homes
- Sumneytown, PA: higher priced homes
- Sumava Resorts, IN: higher priced homes
- Sulphur Springs, IA: equally priced homes
- Herbine, AR: less expensive homes
- Helmer, IN: higher priced homes
- Hegg, WI: higher priced homes
- Hecla, SD: less expensive homes
- Hazelton, ND: less expensive homes
- Havana, MN: higher priced homes
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