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 Type | 0.40% |
| One Bedroom | 8.70% |
| Two Bedrooms | 26.10% |
| Three Bedrooms | 39.70% |
| Four Bedrooms | 20.80% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $131,000 |
| Median Price asked for vacant units | $133,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $489 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 13% |
| Simple Mortgage | 43.80% |
| Debt Free | 37.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
