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Morton Grove, IL
Full City Profile · Illinois · Lake County County
3.9
/5.0
B+
Good
24,687
Population
4,850/sq mi density
$106,078
Median Income
$47,055 per capita
$377,000
Home Value
$418,136 Zillow
$2,210
Median Rent
35.7% income on rent
50°F
Avg Temperature
260 sunny days/yr
83
Violent Crime/100K
847 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$106,078 median income, 2.4% unemployment
A+
Affordability
4.7 / 5.0
$377,000 home value, $2,210/mo rent
F
Safety
1.0 / 5.0
83 violent crimes/100K
A+
Education
5.0 / 5.0
52.1% bachelor's degree or higher
Housing Overview
Median Home Value
$377,000
34% above
US avg: $281,900
Median Rent
$2,210/mo
90% above
US avg: $1,163/mo
Homeownership Rate
84.5%
29% above US avg (65.4%)
Total Housing Units
9,615
Median year built: 1959
Home Value by Source
Census Median
$377,000
Zillow (ZHVI)
$418,136
Median Sale Price
$435,000
Median List Price
$419,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.5%
Owner-Occupied
15.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$2,210/mo
· Zillow rent:
$2,502/mo
Market Indicators (Redfin)
Median Days on Market
49 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
21
Price Drops
12.7%
of listings with price reduction
Price Per Sq Ft
$285
Active Inventory
55
homes for sale
Affordability & Housing Stock
Rent Burden
35.7%
of renters spending 30%+ of income on housing
15% above US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
84.5%
Complete Housing Data
Home Values
| Census Median Value | $377,000 |
| Zillow Home Value (ZHVI) | $418,136 |
| Median Sale Price | $435,000 |
| Median List Price | $419,950 |
| Price Per Sq Ft | $285 |
Rent
| Census Median Rent | $2,210 |
| Zillow Rent (ZORI) | $2,502 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 49 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 12.7% |
| Homes Sold | 21 |
| Active Inventory | 55 |
| Price Per Sq Ft | $285 |
Ownership & Stock
| Owner-Occupied | 84.5% |
| Renter-Occupied | 15.5% |
| Homeownership Rate | 84.5% |
| Total Housing Units | 9,615 |
| Median Year Built | 1959 |
| Rent Burden | 35.7% |