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Morris city, IL

ZIP 60450 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60450

Median Home Value
$266,600
Median Rent
$1,019
Affordability Snapshot
$73,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,713/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60450 in Morris city, IL, a household would need roughly $73,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,713. That sits below the local median household income ($81,716), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.0%-1% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
88.8%+2% vs US avg
x
4+ Bedrooms
3.8%-75% vs US avg
x
Built Pre-1939
3.4%-73% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
24.8%-50% vs US avg
x
Mortgage-Free
35.9%-6% vs US avg
x
$266,600
Home Value
$1,019
Rent
1981
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached66.8%
  • 1-unit attached8.9%
  • 2-9 units14.9%
  • 10+ units8.4%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$266,600
Median rent$1,019
Owner-occupied65.0%
Vacant4.2%
Price-to-income3.3x
Est. income to buy$73,000