The median home in Morton Grove, Illinois is valued at $413,697, up 6.8% year over year. Typical monthly rent is $2,422, producing a price-to-rent ratio of 14.2x — below the national average of 18x. Morton Grove is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$413,697

+6.8%

Rent$2,422/mo

AFFORDABILITY

Enter your income for Morton Grove.

Income (annual)

Down Payment

$82,739 on $413,697

Out of reach — 48.2% of income

Need $129,043/yr to afford.

PITI$3,011

P/I48.2%

Afford$240K

Gap-$173K

P&I $2,092Tax $769Ins $150

Renting $589/mo cheaper ($2,422 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Morton Grove with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

MORTON GROVE, IL