Mt. Morris, IL Real Estate
According to census data in the year 2000 there were 1,316 housing units in Mt. Morris.
This represents a 5.4% growth from 1,248 in 1990.
Of those housing units, 1,292 were located in either urbanized areas or urban clusters, and 24 were located in what is classified as a rural area.
Homeownership rate in Mt. Morris is about 70.3%.
Mt. Morris's vacancy rate, including seasonal lodging, is about 6.1%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Mt. Morris were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 14.10% |
| Two Bedrooms | 31.30% |
| Three Bedrooms | 37.10% |
| Four Bedrooms | 14.10% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $83,300 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $265 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11.30% |
| Home Equity Loan | 4.80% |
| Simple Mortgage | 51.70% |
| Debt Free | 32.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
