Morrisonville, IL—62546
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morrisonville, IL
As of Oct '25, the median home price in Morrisonville, IL is $152,000, with a year-over-year change of 12.7%. This indicates that home prices in Morrisonville, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | 12.7% |
| Single Family | $152,000 | 13.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $93,000 | 13.4% |
3 Bed | $165,000 | 11.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morrisonville, IL
Morrisonville, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morrisonville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Morrisonville, IL is 226. This is a increase of 301.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $126,000 | -50.0% |
Listing Count | 2 | -33.0% |
| Listings as % of Homes | 0.5% | -33.0% |
Days on Market | 226 | 301.0% |
Demographics — Morrisonville, IL
As of the latest ACS Survey released in 2023, Morrisonville, IL has a population of 1,390, which has decreased by -14.2% over the past 5 years. Morrisonville, IL is a moderately popular place for families, as children make up 18.8% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,390 | -14.2% |
% Under 18 | 18.8% | -24.2% |
% Seniors | 20.8% | 33.3% |
% WFH | 4.5% | -50.0% |
% w/ College Degree | 15.0% | -26.1% |
As of the latest ACS Survey released in 2023, Morrisonville, IL is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Morrisonville, IL is hispanic, making up 2.7% of the population. Foreign-born residents account for 1.0% of the population in Morrisonville, IL, and this percentage has increased by 400.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.8% | -2.1% |
% Black | 0.0% | N/A |
% Hispanic | 2.7% | -6.9% |
% Asian | 0.8% | ∞% |
% Foreign Born | 1.0% | 400.0% |
Mortgage and Risk — Morrisonville, IL
Morrisonville, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Morrisonville, IL
Morrisonville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,050 |
| 4 Bedroom | N/A | N/A | $1,200 |
Affordability — Morrisonville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $152,000 |
| Median Household Income | $88,500 |