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Rent To Own Homes in Morris, IL

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Morris, IL Foreclosures

How much do homes sell for in Morris, IL?
The average home price is currently $360,313.
In Morris, IL, how many homes are available?
There are currently 5 active home listings available in Morris.
What’s the average rental cost in Morris, IL?
The average rental price in Morris is $1,386.
What is the most expensive home in Morris?
The most expensive home sold in Morris had a price of $40,185,360.
What is currently the cheapest priced home in Morris, IL?
The cheapest home for sale in Morris is priced at $13,944.

Living in Morris, IL

Morris, IL is a quaint town that offers a blend of small-town charm and access to modern amenities. Nestled along the I&M Canal, it is perfect for outdoor enthusiasts and families. The community is known for its friendly atmosphere and vibrant local events.

Current Market Conditions in Morris, IL

The Morris real estate market has been on the rise, with significant interest from new homebuyers looking for affordable housing options short distances from larger urban areas. The average home price has seen an upward trend, indicating strong demand and limited supply.

The market is currently considered competitive, with properties often selling quickly within a few weeks of listing. Many homes are attracting multiple offers, showcasing the area's appeal.

Investors are also eyeing Morris due to the growing population and improving infrastructure, which adds value to residential properties.

Home Value Estimator For Morris, IL

There are currently 7,458 real estate properties in Morris, IL, with a median automated valuation model (AVM) price of $295,633.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morris, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Morris, IL, is $360,313.00, with the most expensive house in Morris, IL, topping out at $40,185,360.00 and the cheapest home in Morris, IL, clocking in at $13,944.00. In other words, there’s something for every potential homebuyer or savvy investor in Morris, IL!

Rent Prices In Morris, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morris, IL, is on a rollercoaster ride. The average rent price in Morris, IL, is $1,386.00. Indeed, when looking to rent in Morris, IL, you can expect to pay as little as $700.00 or as much as $3,020.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Morris, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Morris, IL Rent To Own Homes

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