Morton, Illinois.
Typical home $287,919 (+6.2% in a year), asking rent $1,500 . Peoria, IL metro.
to buy the typical home at today's mortgage rate — +$803 (+113%) since Jan 2020.
- 1 year
- Up $16,893 +6%
- $271,026$287,919 since Sep 2025
- 5 years
- Up $69,166 +32%
- $218,753$287,919 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Morton$1,511
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Morton, IL rose 6.2% over the past year — faster than the nation's +1.2%.
Living in Morton, Tazewell County, Illinois
Morton is a village of 17,117 people in Tazewell County. Half its households earn more than $94,402 a year and half less, against $77,982 across Tazewell County; 6% of its people live below the poverty line. 80% of its homes are lived in by their owners and 20% are rented. Unemployment in Tazewell County was 3.7% in August 2026, and the county had 0.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Morton is a village in Tazewell County where most homes are lived in by their owners, and household incomes run well above the county's. Fewer residents live below the poverty line than you might expect, and a good share of adults hold a four-year degree. The population skews a little older than the national picture, which suits a quiet, settled community. Winters are cold and snowy, summers are warm, and rain and melted snow come through the year in fair amounts.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops and professional and business services close behind. Among the largest workplaces in Morton are Morton CUSD, the local school district, along with Morton Industries, a machine shop, and Walmart. Commutes are short, and some residents work from home. Unemployment has eased over the past year, though the county has seen slightly fewer jobs than the year before.
Things to do. Several places lie a short drive away. The Peoria Zoo is a good outing for families, Peoria Lake offers time on the water, and Fort Crevecoeur is a fort that can be visited. For a longer day out, the Mackinaw River is a river a longer drive away.
Report a mistake
- 6,809households
- 46%of adults have a degree
- 6%below the poverty line
- 17 mintypical commute
- 12%work from home
What residents work in
Employed residents by industry, from the Census survey. Tazewell County had 46,709 jobs in 2025, 0.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 33° and lows near 17°; warmest in July, with highs near 86° and lows near 65°. About 22 inches of snow and 37 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Congerville 2NW weather station, 12 miles away (NOAA).
Largest workplaces in Morton
- Morton Parts Distribution CenterMining machinery and equipment merchant wholesalers1,625
- Morton CUSD 709School district619FTE
- Morton IndustriesMachine shops388
- WalmartWarehouse clubs and supercenters321
- Otto Baum CompanyBricklaying contractors256
- FedExCourier and express delivery services210
- Bradley ServicesMachine shops202
- G&D IntegratedGeneral freight trucking, local164
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 40 workplaces with 20 or more staff, 5,762 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- Strong windRelatively high
- Winter weatherRelatively high
- Inland floodingRelatively high
- HailRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Morton’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Tazewell County and the Peoria, IL metro.
Morton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Morton$287,919
- Illinois$295,943
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Morton listings, and the typical home goes pending in 4 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Morton28.43%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Morton28
New listings per month
Sellers arriving at the market.
- Morton17
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Morton$261,369
- United States$371,553
Zip codes with a Morton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Morton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.