Market Overview
Home Prices in Morrisonville, IL
The median home value in Morrisonville, IL is $157,006 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 6.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morrisonville are priced62% below average. Morrisonville is part of the Taylorville, IL metro area.
Over the past five years, Morrisonville home values have risen by approximately38.1%, reflecting strong long-term appreciation in this market.
Price History
Morrisonville Home Price Trend
City Comparison
Morrisonville vs. National Median
At $157,006, homes in Morrisonville cost 62% below the national median of $410,000. This makes Morrisonville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morrisonville?
20% Down Payment
$31,401
on $157,006
Monthly P&I
$819/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,040/mo
incl. taxes & insurance
Income Needed
$41,600
gross annual (30% rule)
10% Down Option
$15,701
+ PMI applies
Loan Amount (20% dn)
$125,605
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Morrisonville, IL?
The median home value in Morrisonville is $157,006 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Morrisonville?
Over the past year, home values in Morrisonville have increased by 5.1%. Over five years, prices have risen approximately 38.1%.
How much do I need to earn to buy a home in Morrisonville?
To comfortably afford the median home price of $157,006 with a 20% down payment ($31,401) at today's rates (6.8%), you'd need a gross annual income of approximately $41,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Morrisonville compare to the national average home price?
The national median home value is approximately $410,000. At $157,006, homes in Morrisonville are 62% below the national average.
What metro area is Morrisonville part of?
Morrisonville is part of the Taylorville, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.