What is the average home price in Morris, IL 60450?

As of May '26, the median home price in Morris, IL 60450 is $319,000, based on Zillow home estimates.

How have home prices in Morris, IL 60450 changed over the past year?

As of May '26, home prices have increased 4.5% over the past year, according to Zillow home estimates data.

What is the home price projection for Morris, IL 60450?

As of May '26, Zillow projects home prices in Morris, IL 60450 to increase 1.9% in the next year.

What are the demographics of Morris, IL 60450?

According to the latest Census, the demographics of Morris, IL 60450 are 85.3% White, 1.8% Black, 0.8% Asian, 8.7% Hispanic. The population is 20,900, with 21.6% under 18 years old.

How long does it take homes to sell in Morris, IL 60450?

According to Realtor.com, as of May '26, the median home in Morris, IL 60450 is on the market for 46 days. This is a decrease of 1.0% from last year.

What is the average rent price in Morris, IL 60450?

The average rent price in Morris, IL 60450, as of the latest data, is $1,480. The average rent for 1 bedroom homes is $800. For 2, 3, and 4 bedroom homes, the average rent is $1,530, $1,950, and N/A respectively.

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Morris, IL—60450

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$319,000

4.5% YoY Growth

Household Income

$81,700

13.3% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$1,350

14.9% YoY Growth

1-Bed Rent

$700

3.2% YoY Growth

2-Bed Rent

$1,350

14.0% YoY Growth

3-Bed Rent

$1,400

3.5% YoY Growth

Home Price Trends — Morris, IL

As of May '26, the median home price in Morris, IL is $319,000, with a year-over-year change of 4.5%. This indicates that home prices in Morris, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$319,000	4.5%
Single Family	$322,000	3.9%
Condos	$224,000	4.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$333,000	-10.0%
Listing Count	53	28.0%
Listings as % of Homes	0.4%	28.0%
Days on Market	46	-1.0%

Metric	Latest Census	YoY % Change
Population	20,900	2.2%
% Under 18	21.6%	-0.5%
% Seniors	18.0%	2.3%
% WFH	9.8%	164.9%
% w/ College Degree	25.3%	5.4%

Metric	Zip Code Average
Total Loan Originations	311
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

Total Units under HUD	331
Total Units Section 8	331
% Rentals under Section 8	10.1%
% Occupied Section 8	90.1%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$500	$700	$1,200
2 Bedroom	$220	$1,350	$1,570
3 Bedroom	$810	$1,400	$2,210
4 Bedroom	N/A	N/A	$2,310

Morris, IL—60450

Key Metrics at a Glance

Home Price Trends — Morris, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morris, IL

% of Rental Stock

Property Listings — Morris, IL

Demographics — Morris, IL

Race and Ethnicity

Mortgage and Risk — Morris, IL

Mortgages

Rentals and Section 8 — Morris, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Morris, IL

Home Price to Income Ratio

Morris, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Mazon, IL

Minooka, IL

Verona, IL

Coal City, IL

Seneca, IL

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$1,350	$1,480
Studio Rent	N/A	N/A
1 Bed Rent	$700	$800
2 Bed Rent	$1,350	$1,530
3 Bed Rent	$1,400	$1,950
4 Bed Rent	N/A	N/A

Metric	Latest Census	5-Year % Change
% White	85.3%	-2.7%
% Black	1.8%	38.5%
% Hispanic	8.7%	4.8%
% Asian	0.8%	33.3%
% Foreign Born	3.6%	-14.3%

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$319,000
Median Household Income	$81,700