Morrison, IL Real Estate
According to census data in the year 2000 there were 1,904 housing units in Morrison.
This represents a 2.4% growth from 1,859 in 1990.
Of those housing units, 1,869 were located in either urbanized areas or urban clusters, and 35 were located in what is classified as a rural area.
Homeownership rate in Morrison is about 76%.
Morrison's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Morrison were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 8.40% |
| Two Bedrooms | 33.50% |
| Three Bedrooms | 39.50% |
| Four Bedrooms | 15.10% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $76,600 |
| Median Price asked for vacant units | $55,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.79 |
| Median year structure was built | 1946 |
| Median Monthly Rent asked for vacant units | $313 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 9.80% |
| Simple Mortgage | 40.70% |
| Debt Free | 43.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
