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City · 16,595 residents · Tazewell County, Illinois

Morton , Illinois

In Morton, a typical home is worth $239,400 and typical rent is $1,074 a month. Compared with all of Tazewell County, the typical home value is 43% higher and typical household income is 21% higher.

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  • Typical home value

    $239,400

    43% above the county

    9% below Illinois

    • Morton
    • Tazewell
    • Illinois

  • Typical rent

    $1,074a month

    18% above the county

    16% below Illinois

    • Morton
    • Tazewell
    • Illinois

  • Typical household income

    $94,402a year

    21% above the county

    13% above Illinois

    • Morton
    • Tazewell
    • Illinois

  • Households that own their home

    80%

    2 points above the county

    13 points above Illinois

    • Morton
    • Tazewell
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$287,919
6.2% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Morton is in Tazewell 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 Tazewell County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Morton apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Peoria Heights, the typical home value is $117,700: 51% less than in Morton ($239,400).

  2. The typical home in Morton is worth $239,400, 43% more than in Tazewell County as a whole ($167,500).

  3. Nearby, in Pekin, the typical rent is $819: 24% less than in Morton ($1,074).

  4. The typical household income in Morton is $94,402, 21% more than in Tazewell County as a whole ($77,982).

  5. The typical rent in Morton is $1,074 a month, 18% more than in Tazewell County as a whole ($909).

  6. Morton has the 28th smallest share of rent-burdened renters of the 291 cities in Illinois with more than 5,000 people (35%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Morton

What homes there are in Morton, 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

In Morton, 7 in 10 homes are single-family detached houses; in Tazewell County, 8.

There are more mobile homes here than in Tazewell County: 6% of homes, against 2%.

Year built

Here half of the homes date from 1974 or later; in Tazewell County, from 1969 or later.

Homes in Morton are bigger: 68% have 3 bedrooms or more; in Tazewell County, 65%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Tazewell County is high ($541,287): at least 93% of owner-occupied homes in Morton are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,851 a month

Tazewell County: $1,455 a month

Without a mortgage

$765 a month

Tazewell County: $670 a month

Owners with a mortgage

52%

Tazewell County: 59%

In Morton, 52% of owners have a mortgage, and their typical cost is $1,851 a month, against $1,455 in Tazewell County. Without one it drops to $765.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Tazewell County, the typical home value in Morton rose 20% since 2015–2019.

Much as in Tazewell County, the typical rent in Morton rose 22% since 2015–2019.

While home values in Morton changed +20% and rent +22%, the typical household income rose 22%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMortonTazewell CountyIllinoisUnited States
Rental vacancy Unreliable estimate6.5%5.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.0%0.9%
More than one person per room Unreliable estimate0.9%2.5%3.4%
People per household 2.382.352.462.53
Drive alone 80%80%66%69%
Carpool 4%7%8%9%
Public transit Unreliable estimate0%6%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 12%11%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

By size, households in Morton look like those in Tazewell County: 2.38 people on average.

The car rules in Morton: 80% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Morton?

A typical home is within reach of the typical income

We start with a typical home in Morton, worth $239,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Morton, which is $94,402 a year.

The calculator's FHA and conventional loan limits are those of all of Tazewell County.

Your numbers

Local data
$

Starts at the typical home value in Morton. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,379 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,195

at 7.18% · 30 years

Loan amount
$235,064
Total interest
$338,202
Paid off in
November 2056

Includes $4,043 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,203 a month

    Your payment · 28%

  • Tight

    $2,203 to $2,832 a month

  • Hard

    more than $2,832 a month

Compared with the typical household income in Morton ($94,402 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,195
Principal & interest$1,592
Property tax$397
Home insurance$100
FHA mortgage insurance (MIP)$106

You need at least $8,379 for the down payment, plus closing costs.

Next step

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.

The city and its county

Morton and Tazewell County

Morton is in Tazewell 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).

Morton's own numbers

Typical home value
$239,400
Typical monthly rent
$1,074
Typical yearly household income
$94,402
Households that own their home
80%
Effective property tax rate
1.99%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Tazewell County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,212
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
0.6%

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 Tazewell County.

Everything about Tazewell County

Buying

Buying a home in Morton

A typical home in Morton is worth $239,400: 43% above the county and 9% below Illinois. With the typical household income in Morton ($94,402 a year), a typical home costs 2.5 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.

  • Morton 2.5 years
  • Tazewell 2.1 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Tazewell County

According to FHFA’s house price index, home prices in Tazewell County rose 45% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Tazewell County.

Period County Illinois U.S.
Last year (2025) +6.7% +5.7% +2.9%
5 years (2020–2025) +42% +47% +47%
10 years (2015–2025) +45% +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

Morton next to Tazewell 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
  • Morton $239,400
  • Tazewell $167,500
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Morton $1,074
  • Tazewell $909
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Morton $94,402
  • Tazewell $77,982
  • Illinois $83,390
  • United States $80,734
See the full table
Morton next to Tazewell County and Illinois
Measure Morton Tazewell County Illinois U.S.
Typical home value $239,400 $167,500 $263,300 $332,700
Typical monthly rent $1,074 $909 $1,274 $1,413
Typical yearly household income $94,402 $77,982 $83,390 $80,734
Households that own their home 80% 78% 67% 65%
Typical yearly property tax $4,761 $3,536 $5,298 $3,119
Effective property tax rate 1.99% 2.11% 2.01% 0.94%
Renters with high rent for their income 35% 43% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Tazewell 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 Morton

For a typical $239,400 home in Morton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Morton's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,195a month

    Least cash to close
    Down payment
    $8,379
    Cash to close
    $15,561
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $106

  • Conventional, 5% down $2,151a month

    Down payment
    $11,970
    Cash to close
    $19,152
    Rate
    7.18%
    Mortgage insurance
    PMI · $114

  • Conventional, 20% down, no PMI $1,794a month

    Down payment
    $47,880
    Cash to close
    $55,062
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,016a month

    Down payment
    $35,910
    Cash to close
    $43,092
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Morton and for Tazewell County.

Property tax

Effective rate in Morton

1.99%of the home’s value each year

$4,761 a year for the typical owner in Morton.

  • Morton 1.99%
  • Tazewell 2.11%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Tazewell County

FEMA does not publish these numbers by city: they are for all of Tazewell County.

Homes in the high-risk zone
0.6%
308
Of those, with NFIP insurance
17%
County Illinois U.S.
Homes in the high-risk zone 0.6% 1.5% 3.5%
Of those, with NFIP insurance 17% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Morton

Typical rent in Morton is $1,074 a month: 18% above the county. In Morton, 35% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Tazewell County, by unit size. To pay the 2-bedroom one ($1,212 a month) without spending more than 30% of your income, you would need to earn $23.31 an hour working full time.

HUD fair market rent for all of Tazewell County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $915 $17.60 $36,600
1 bedroom $961 $18.48 $38,440
2 bedrooms $1,212 $23.31 $48,480
3 bedrooms $1,557 $29.94 $62,280
4 bedrooms $1,710 $32.88 $68,400

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 Morton

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Morton is in ZIP code 61550.

For 2 bedrooms it is $1,330: $118 more than the fair market rent for Tazewell County ($1,212).

  • 61550 $1,330$1,710

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Morton 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Morton

HUD lists one building with rents for lower incomes in Morton.

  • Creekwood Apartments 150 Yordy Rd, Morton 61550 104 low-income homes · For older adults (309) 263-2825

See all 19 buildings in Tazewell County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Morton

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 Tazewell County. The nearest ones are below; many serve by phone or online.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Morton

No down payment, repair or rent-help program on our list is for Morton or Tazewell County. The ones below are statewide in Illinois: they work in Morton the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Morton

The HUD-approved agencies closest to the center of Morton, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Navicore Solutions- Peoria, IL

    416 Main St, Peoria · 8 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (866) 472-4557

  • Metec

    2605 W Krause Ave, Peoria · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (309) 676-3832

  • Mid Central Community Action, Inc.

    1301 W Washington St, Bloomington · 26 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (309) 829-0691

All counseling agencies in Illinois

Help in Spanish near Morton

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Morton

In HUD’s record, no housing authority with an office in Tazewell County is named for Morton or Tazewell County.

2 other authorities have an office in Tazewell County: see the list Source: HUD

Cities

Other cities in Tazewell County

These cities are also in Tazewell County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Tazewell County Housing in Illinois

Nearby cities

The cities closest to Morton, with the typical home value.

Neighboring counties

If Tazewell County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Morton.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Morton

Short answers with the numbers for Morton and all of Tazewell 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 Morton?

The typical home value in Morton is $239,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Tazewell County it is $167,500.

How much does it cost to rent in Morton?

Typical rent in Morton is $1,074 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Tazewell County is $1,212.

What is the FHA loan limit in Morton?

Morton uses the FHA limit for all of Tazewell 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 Morton?

The typical homeowner in Morton pays $4,761 a year, according to the U.S. Census Bureau. That is 1.99% of the home’s value; in Tazewell County, the rate is 2.11%.

Where can I find free help to buy or rent in Morton?

We found no HUD-approved counseling agencies with an office in Tazewell County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).