Median price for residential apartments in Morris, IL as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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41 Morris, IL 60450, USA apartments for sale
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Morris
According to statistics, the population in Morris, IL amounts to 14,165, which shows growth 2% compared to the previous year. The median age of the city’s residents is 39. The average household income is $56,181, shifting decline 0% from the past year, and the average property value in Morris, IL decline 0% to $194,900 throughout the year.
| Population | 14,165 |
| Median Age | 39.3 |
| Poverty Rate | 13% |
| Household Income | $56,181 |
| Number Of Employees | 6,549 |
| Median Property Value | $194,900 |
Household Income
The average household income in Morris, IL grew from $56,152 to $56,181 in the past year. This data is an estimate based upon 5,990 households in Morris, IL . The chart below presents how household income is distributed in Morris, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Morris, IL shifted from $195,000 to $194,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Morris, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Morris, IL properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Morris, IL compared to median property taxes around the country. The prevalent amount of property taxes in Morris, IL equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Morris, IL 60450, USA
Average apartment sale in Morris: $303,022 (+6.1%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| 1-bed apartments | $469,000 | N/A |
| 2-bed apartments | $158,125 | -3.6% |
| 3-bed apartments | $306,750 | +6.8% |
| 4+ bed apartments | $368,107 | -0.1% |
During Dec 2022, the average price for an apartment in/near Morris, IL increased by 6.1% to $303,022.
The average price of the land for sale in Morris, IL has not changed significantly since last month, being $236,785. After collecting all data points, we now see that the average price for 1-bed apartment stands at $469,000 with no changes this month. Asking price for 2-bed apartment also decreased by 3.6% and a place of this size will now cost you $158,125. A 3-bed apartment goes for $306,750, it increased by 6.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 0.1% and made it down to $368,107.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $307,409 | +4.1% |
| Condos for sale | $110,000 | -52.2% |
Price reports demonstrate that house price increased by 4.1% this month making it up to $307,409. Condos faced an upward trend these days. The median price for a condo decreased by 52.2%, it’s now available for $110,000. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $236,785.
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