What is the average home price in Morrison, IL 61270?

As of May '26, the median home price in Morrison, IL 61270 is $173,000, based on Zillow home estimates.

How have home prices in Morrison, IL 61270 changed over the past year?

As of May '26, home prices have increased 4.0% over the past year, according to Zillow home estimates data.

What is the home price projection for Morrison, IL 61270?

As of May '26, Zillow projects home prices in Morrison, IL 61270 to increase 1.4% in the next year.

What are the demographics of Morrison, IL 61270?

According to the latest Census, the demographics of Morrison, IL 61270 are 92.2% White, 1.0% Black, 0.2% Asian, 3.8% Hispanic. The population is 7,070, with 24.4% under 18 years old.

How long does it take homes to sell in Morrison, IL 61270?

According to Realtor.com, as of May '26, the median home in Morrison, IL 61270 is on the market for 77 days. This is an increase of 7.0% from last year.

What is the average rent price in Morrison, IL 61270?

The average rent price in Morrison, IL 61270, as of the latest data, is N/A. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

Morrison, IL 61270 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Morrison, IL—61270

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$173,000

4.0% YoY Growth

Household Income

$82,800

44.6% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Morrison, IL

As of May '26, the median home price in Morrison, IL is $173,000, with a year-over-year change of 4.0%. This indicates that home prices in Morrison, 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	$173,000	4.0%
Single Family	$175,000	4.2%
Condos	$145,000	2.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Morrison, IL

Morrison, 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

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% of Rental Stock

1 Bedroom

13.4%

2 Bedrooms

51.1%

3 Bedrooms

20.3%

4 Bedrooms

12.1%

5+ Bedrooms

3.2%

Property Listings — Morrison, IL

As of May '26, Realtor.com reports that the median days on market for a home in Morrison, IL is 77. This is a increase of 7.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$180,000	-1.0%
Listing Count	34	12.0%
Listings as % of Homes	1.0%	12.0%
Days on Market	77	7.0%

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Demographics — Morrison, IL

As of the latest ACS Survey released in 2023, Morrison, IL has a population of 7,070, which has remained stable by 0.9% over the past 5 years. Morrison, IL is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 30.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,070	0.9%
% Under 18	24.4%	20.2%
% Seniors	20.7%	-10.0%
% WFH	10.4%	285.2%
% w/ College Degree	30.2%	44.5%

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As of the latest ACS Survey released in 2023, Morrison, IL is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Morrison, IL is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.6% of the population in Morrison, IL, and this percentage has decreased by 20.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	92.2%	-4.9%
% Black	1.0%	150.0%
% Hispanic	3.8%	216.7%
% Asian	0.2%	-66.7%
% Foreign Born	1.6%	-20.0%

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Mortgage and Risk — Morrison, IL

According to HUD data as of 2023, there were 69 mortgage originations in Morrison, IL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Morrison, IL. Investor activity is low, as 12.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	69
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	12.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Morrison, IL

Morrison, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	19
Total Units Section 8	19
% 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	$770
2 Bedroom	N/A	N/A	$1,010
3 Bedroom	N/A	N/A	$1,260
4 Bedroom	N/A	N/A	$1,340

Morrison, IL—61270

Key Metrics at a Glance

Home Price Trends — Morrison, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morrison, IL

% of Rental Stock

Property Listings — Morrison, IL

Demographics — Morrison, IL

Race and Ethnicity

Mortgage and Risk — Morrison, IL

Mortgages

Rentals and Section 8 — Morrison, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Morrison, IL

Home Price to Income Ratio

Morrison, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Lyndon, IL

Fenton, IL

Fulton, IL

Chadwick, IL

Erie, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.8
Median Home Price	$173,000
Median Household Income	$82,800