Home

Morton, IL Real Estate


According to census data in the year 2000 there were 6,300 housing units in Morton. This represents a 14.9% growth from 5,482 in 1990.

Of those housing units, 6,192 were located in either urbanized areas or urban clusters, and 108 were located in what is classified as a rural area.

Homeownership rate in Morton is about 76.7%. Morton's vacancy rate, including seasonal lodging, is about 5%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Morton were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom8.70%
Two Bedrooms26.10%
Three Bedrooms39.70%
Four Bedrooms20.80%
Five Bedrooms or more4.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1969
Median Value of occupied units$131,000
Median Price asked for vacant units$133,700

Rented Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1972
Median Monthly Rent asked for vacant units$489

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage5.60%
Home Equity Loan13%
Simple Mortgage43.80%
Debt Free37.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs15.4%