In Morris, a typical home is worth $247,400 and typical rent is $1,132 a month. Compared with all of Grundy County, typical household income is 17% lower, the typical home value is 9% lower, and the share of households that own their home is 17 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $249,299 to $314,234.
Typical rent
$1,574a month
▲ 7.3% more than 12 months ago
Typical rent from Zillow, September 2025 to September 2026: from $1,467 to $1,574.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Morris is in Grundy County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Grundy County. See the county
What this place has that others do not, from public data, most unusual first.
1
57% of households in Morris own their home, against 74% in Grundy County.
2
Nearby, in Wilmington, the typical rent is $888: 22% less than in Morris ($1,132).
3
Nearby, in Coal City, the typical home value is $201,600: 19% less than in Morris ($247,400).
4
The typical household income in Morris is $76,711,17% less than in Grundy County as a whole ($92,235).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Morris
What homes there are in Morris, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Morris
Grundy County
Illinois
United States
Kind of home: Morris and its comparisons
Measure
Morris
Grundy County
Illinois
United States
Detached house
59%
72%
58%
61%
Attached house
12%
9%
6%
6%
Building of 2 to 4
13%
8%
12%
8%
Apartments (5 or more)
15%
7%
22%
19%
Mobile home
Unreliable estimate
4%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Morris, 6 in 10 homes are single-family detached houses; in Grundy County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Morris
Grundy County
Illinois
United States
Year built: Morris and its comparisons
Measure
Morris
Grundy County
Illinois
United States
Before 1960
27%
20%
38%
26%
1960–1979
20%
21%
26%
24%
1980–1999
26%
23%
20%
25%
2000–2009
20%
25%
11%
14%
2010 or later
8%
11%
6%
11%
In Morris, half of the homes were built before 1983; in Grundy County, before 1990.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K25%
$200K–$300K41%
$300K–$500K27%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Morris and its comparisons
Measure
Morris
Under $100K
Unreliable estimate
$100K–$200K
25%
$200K–$300K
41%
$300K–$500K
27%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99928%
$1,000–$1,49941%
$1,500–$1,99918%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Morris and its comparisons
Measure
Morris
Under $500
Unreliable estimate
$500–$999
28%
$1,000–$1,499
41%
$1,500–$1,999
18%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,825 a month
Grundy County: $2,016 a month
Without a mortgage
$686 a month
Grundy County: $800 a month
Owners with a mortgage
66%
Grundy County: 67%
The typical cost for an owner with a mortgage in Morris is $1,825 a month, less than in Grundy County ($2,016); without one, $686.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Morris+24%
Grundy County+36%
Illinois+35%
United States+53%
Typical rent
Morris+16%
Grundy County+18%
Illinois+26%
United States+33%
Typical household income
Morris+21%
Grundy County+19%
Illinois+27%
United States+29%
Change since 2015–2019: Morris and its comparisons
Measure
Morris
Grundy County
Illinois
United States
Typical home value
+24%
+36%
+35%
+53%
Typical rent
+16%
+18%
+26%
+33%
Typical household income
+21%
+19%
+27%
+29%
Homes in Morris gained value more slowly than in Grundy County: 24% since 2015–2019, against 36%.
Rents in Morris rose at about the same pace as in Grundy County: 16% since 2015–2019, against 18%.
While home values in Morris changed +24% and rent +16%, the typical household income rose 21%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Morris and its comparisons
Measure
Morris
Grundy County
Illinois
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.0%
0.9%
More than one person per room
Unreliable estimate
2.4%
2.5%
3.4%
People per household
2.25
2.57
2.46
2.53
Drive alone
79%
82%
66%
69%
Carpool
5%
5%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
6%
3%
Walk or bike
2%
1%
3%
3%
Work from home
12%
10%
16%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.25 on average, against 2.57 in Grundy County.
To get to work, 79% of workers in Morris drive alone; in Grundy County, 82%.
Do the math
What would you pay each month for a home in Morris?
A typical home is tight for the typical income
We start with a typical home in Morris, worth $247,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Morris, which is $76,711 a year. For that payment to be 28% of income, a household would need to earn about $97,835 a year.
The calculator's FHA and conventional loan limits are those of all of Grundy County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Morris. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,659 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,283
at 7.18% · 30 years
Loan amount
$242,919
Total interest
$349,503
Paid off in
November 2056
Includes $4,178 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,790 a month
Tight
$1,790 to $2,301 a month
Your payment · 36%
Hard
more than $2,301 a month
Compared with the typical household income in Morris ($76,711 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,646
Property tax
$425
Home insurance
$103
FHA mortgage insurance (MIP)
$109
You need at least $8,659 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,283; principal and interest $1,646.
The city and its county
Morris and Grundy County
Morris is in Grundy County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Morris
Map of Grundy County, Illinois, with Morris marked. Around it, the neighboring counties.
Morris
Grundy County
Other cities with a page
Morris's own numbers
Typical home value
$247,400
Typical monthly rent
$1,132
Typical yearly household income
$76,711
Households that own their home
57%
Effective property tax rate
2.06%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Grundy County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,613
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
3.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Grundy County.
A typical home in Morris is worth $247,400: 9% below the county and 6% below Illinois. With the typical household income in Morris ($76,711 a year), a typical home costs 3.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Morris3.2 years
Grundy2.9 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Grundy County
According to FHFA’s house price index, home prices in Grundy County rose 68% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Grundy County.
Yearly change in FHFA’s price index in Grundy County, 2016 to 2025
2016: +2.5% +2.5% 2016
2017: +3.2% +3.2% 2017
2018: +5.0% +5.0% 2018
2019: +2.0% +2.0% 2019
2020: +2.6% +2.6% 2020
2021: +7.7% +7.7% 2021
2022: +10.4% +10.4% 2022
2023: +8.0% +8.0% 2023
2024: +5.1% +5.1% 2024
2025: +6.7% +6.7% 2025
Change in FHFA’s price index in Grundy County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+6.7%
+5.7%
+2.9%
5 years (2020–2025)
+44%
+47%
+47%
10 years (2015–2025)
+68%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Morris next to Grundy County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Morris$247,400
Grundy$271,700
Illinois$263,300
United States$332,700
Typical monthly rent
Morris$1,132
Grundy$1,177
Illinois$1,274
United States$1,413
Typical yearly household income
Morris$76,711
Grundy$92,235
Illinois$83,390
United States$80,734
See the full table
Morris next to Grundy County and Illinois
Measure
Morris
Grundy County
Illinois
U.S.
Typical home value
$247,400 ▼9% below the county
$271,700
$263,300
$332,700
Typical monthly rent
$1,132 ▼4% below the county
$1,177
$1,274
$1,413
Typical yearly household income
$76,711 ▼17% below the county
$92,235
$83,390
$80,734
Households that own their home
57% ▼17 points below the county
74%
67%
65%
Typical yearly property tax
$5,106 ▼6% below the county
$5,420
$5,298
$3,119
Effective property tax rate
2.06% ▲0.07 points above the county
1.99%
2.01%
0.94%
Renters with high rent for their income
43% ▲3 points above the county
40%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Grundy County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Morris
For a typical $247,400 home in Morris, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Morris's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,283a month
Least cash to close
Down payment
$8,659
Cash to close
$16,081
Rate
7.18%
Mortgage insurance
FHA MIP · $109
Conventional, 5% down$2,237a month
Down payment
$12,370
Cash to close
$19,792
Rate
7.18%
Mortgage insurance
PMI · $118
Conventional, 20% down, no PMI$1,869a month
Down payment
$49,480
Cash to close
$56,902
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,097a month
Down payment
$37,110
Cash to close
$44,532
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Morris
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,283
$8,659
$242,919
7.18%
FHA MIP · $109
$16,081
580
Conventional, 5% down
$2,237
$12,370
$235,030
7.18%
PMI · $118
$19,792
620*
Conventional, 20% down, no PMI
$1,869
$49,480
$197,920
7.18%
None
$56,902
620*
ITIN, 15% down (example)
$2,097
$37,110
$210,290
8.18%
None
$44,532
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Morris is $1,132 a month: 4% below the county. In Morris, 43% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Grundy County, by unit size. To pay the 2-bedroom one ($1,613 a month) without spending more than 30% of your income, you would need to earn $31.02 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Grundy County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,189
$22.87
$47,560
1 bedroom
$1,233
$23.71
$49,320
2 bedrooms
$1,613
$31.02
$64,520
3 bedrooms
$2,219
$42.67
$88,760
4 bedrooms
$2,567
$49.37
$102,680
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Morris
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Morris is in ZIP code 60450.
For 2 bedrooms it is $1,850: $237 more than the fair market rent for Grundy County ($1,613).
Fair market rent by ZIP code and size in Morris, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
60450
$1,280
$1,410
$1,850
$2,540
$2,630
ZIP code2 bd3 bd
60450 $1,850$2,540
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Morris when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Grundy County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Morris or Grundy County. The ones below are statewide in Illinois: they work in Morris the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Morris or Grundy County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Morris and all of Grundy County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Morris?
The typical home value in Morris is $247,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Grundy County it is $271,700.
How much does it cost to rent in Morris?
Typical rent in Morris is $1,132 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Grundy County is $1,613.
What is the FHA loan limit in Morris?
Morris uses the FHA limit for all of Grundy County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Morris?
The typical homeowner in Morris pays $5,106 a year, according to the U.S. Census Bureau. That is 2.06% of the home’s value; in Grundy County, the rate is 1.99%.
Where can I find free help to buy or rent in Morris?
We found no HUD-approved counseling agencies with an office in Grundy County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
