October's First-Time Homebuyer Report for Morris

Morris is a larger than average city in Illinois that has seen a 14.1% increase in population over the last 10 years. It also has a total population of 13,636. Morris is made up of homes that are considered relatively old with a median of 35 years. Heading the list of top schools in the city is Nettle Creek Elementary School.

Price Range

Morris has some of the more expensive homes in the state with a median home value of $170,000 and a current average list price of $180,747. The Morris market made gains in this week's report, as the number of home sales rose 5.0%, pushing the total to 21 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Morris that generated the most views from potential buyers:

$297K   $274K   $215K  

Typical Dwelling

The typical dwelling in Morris is a three-bedroom detached home worth about $173,191. To purchase a similar home, a buyer with good credit and a $34,638 cash down payment could obtain a mortgage with a 3.95% interest rate and a $814 monthly payment. The property tax rate is $16.54 per $1,000 of taxable assessed value.

Get started right now by checking out Morris homes for sale or reviewing Morris real estate trends.


Data reported through 10/13/2016

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Wilk Real Estate
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