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These days, finding an affordable place to live in the Mount Morris area can be challenging. Home prices in Mount Morris are now at a median cost of $146,964, lower than the Illinois average of $300,242.
The average cost of rent is $758/mo in Mount Morris, primarily driven by the current value of real estate in the Mount Morris area. In Mount Morris, 28.52% of households rent, and 38.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Morris is $4,726 per month. Households that rent pay about 16.04% of their income on rent here. Mount Morris’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stratford, IL: higher priced homes
- Maryland, IL: higher priced homes
- Oregon, IL: higher priced homes
- Leaf River, IL: higher priced homes
- Adeline, IL: higher priced homes
- Lightsville, IL: higher priced homes
- Haldane, IL: higher priced homes
- Polo, IL: equally priced homes
- Honey Creek, IL: higher priced homes
- Forreston, IL: equally priced homes
Cities with Similar Populations
- Mission Hills, KS: higher priced homes
- Wrightstown, WI: higher priced homes
- West End, NC: higher priced homes
- West Barnstable, MA: higher priced homes
- Waskom, TX: equally priced homes
- Tieton, WA: higher priced homes
- Salem, CT: higher priced homes
- New Brockton, AL: higher priced homes
- Anacoco, LA: higher priced homes
- Marne, MI: higher priced homes
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