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Morrison, IL Real Estate


According to census data in the year 2000 there were 1,904 housing units in Morrison. This represents a 2.4% growth from 1,859 in 1990.

Of those housing units, 1,869 were located in either urbanized areas or urban clusters, and 35 were located in what is classified as a rural area.

Homeownership rate in Morrison is about 76%. Morrison's vacancy rate, including seasonal lodging, is about 6.8%. Average household size is 2.27 people.

The majority of houses, apartments or condos in Morrison were built after 1951.

Statistics

Housing Size

Housing Units by Size
Studio Type1.60%
One Bedroom8.40%
Two Bedrooms33.50%
Three Bedrooms39.50%
Four Bedrooms15.10%
Five Bedrooms or more1.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.42
Median year structure was built1952
Median Value of occupied units$76,600
Median Price asked for vacant units$55,500

Rented Homes, Apartments and Condos

Average Household Size1.79
Median year structure was built1946
Median Monthly Rent asked for vacant units$313

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage5.10%
Home Equity Loan9.80%
Simple Mortgage40.70%
Debt Free43.80%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs15.3%