The story of this market
The typical home in ZIP 60450 sells for about $311,750, or $174 per square foot.
Prices are down 14% from a year ago, which gives buyers more room to negotiate. Homes take about 61 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,111 a month.
ZIP 60450 — Morris
The Morris housing market is currently experiencing a correction, with median prices showing a year-over-year decline of 14%. Inventory remains limited, and the market is characterized by a cautious sentiment as buyers and sellers adjust to current interest rate environments.
This ZIP is well-suited for family buyers seeking suburban space and commuters who value access to the I-80 corridor while maintaining a small-town lifestyle.
Median prices moved down 14.0% year over year.
Homes spend a median of 61 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 6.2% — a stable, low-distress profile.
ZCTA 60450, Grundy County IL
The area is served by Morris Community High School and Morris Grade School, which generally maintain stable community-focused ratings.
The area features a mix of residential development and proximity to regional industrial and logistics hubs in Grundy County.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents primarily commute via I-80, providing a direct corridor toward the Joliet and Chicago metropolitan employment centers.
The area offers access to the Illinois and Michigan Canal State Trail, local parks, and proximity to the Illinois River for outdoor activities.
The rental market is characterized by a mix of single-family homes and smaller multi-family units, with moderate demand driven by local employment.
The local economy is anchored by logistics, manufacturing, and regional retail services, benefiting from its strategic location along the I-80 corridor.
The area is primarily served by I-80, which acts as the main artery for regional transit and commuting.
Development activity is focused on residential expansion and infrastructure improvements to support regional growth.
The Grundy County Assessor manages property valuations, with assessments typically updated to reflect market conditions and local tax levies.
Parcels are subject to levies from Morris Community High School District and local municipal utility districts.
Data retrieved from data.census.gov ZCTA 60450 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A historic trail offering extensive walking and biking opportunities along the canal.
Provides local recreational boating, fishing, and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.