RentDataNowRentDataNow
ZIP Code · IL

ZIP 61550

Part of Morton, IL
Pop. 18,792·Tazewell County·214th most expensive ZIP in Illinois
Median rent (all units)
$1,140/mo
Year-over-Year
+1.8%
Month-over-Month
+1.8%
vs US Median
-$811
Rising (Monthly)
Be the first to discuss 61550 rents ↓
Most AffordableMost Expensive
ZIP 61550 · $1,140
More affordable than 90% of US ZIP codes · National median $1,951/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$830
1 BR
$900
2 BR
$1,140
3 BR
$1,480
4 BR+
$1,590
Research median
$1,140/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: April 19, 2026

Annual cost
$13,680/yr
At $1,140/mo median
Location
CityMorton
StateIL
CountyTazewell County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.8% YoY, +1.8% MoM), not inventory.
Demographics

Who lives here

ZIP 61550 (Morton, IL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 43% of residents hold a bachelor's degree or higher.

Population
18,792
Median income
$98,516
Median age
42.4
Renters
18.7%
Age distribution
24.8%
14.2%
26.4%
23.9%
Under 1824.8%
18–3414.2%
35–5426.4%
55–6410.6%
65+23.9%
Gender
46.5%
53.5%
Male46.5%
Female53.5%
Race & ethnicity
93%
White93%
Black0.5%
Hispanic1.8%
Asian2%
Other2.8%
Education (25+)
23.9%
30.7%
43%
No HS diploma2.3%
HS diploma23.9%
Some college30.7%
Bachelor's+43%
Housing tenure
81.3%
18.7%
Owner81.3%
Renter18.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 61550 in Morton, IL has changed in 5 years

Income
$86,232 → $98,516
up 14.2%
Population
18,223 → 18,792
up 3.1%
Renter share
20.5% → 18.7%
-1.8 pts
Bachelor's+
40.4% → 43%
+2.6 pts
Median age
43 → 42.4
-0.6 yrs

On the earnings side, the typical household in ZIP 61550 in Morton, IL now reports about $98,516, up from $86,232 in 2021. Census counts show ZIP 61550 in Morton, IL adding about 569 residents over the five-year window, up 3.1% on net. The renter share has eased from 20.5% to 18.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 40.4% to 43% across the same window.

Community

Discussions about ZIP 61550

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 61550

About renting in ZIP 61550

Last updated: April 19, 2026

ZIP code 61550 covers Morton, IL. The median rent here is $1,140/mo as of April 2026. A 1-bedroom rents for a median of $900/mo. A 2-bedroom rents for a median of $1,140/mo.

At 14% of local median household income ($98,516/yr), ZIP 61550 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 61550?

As of April 19, 2026, the median monthly rent in ZIP 61550 (Morton, IL) is $1,140. This is based on aggregated data from public sources and community submissions.

How does ZIP 61550 rent compare to the US average?

ZIP 61550's median rent of $1,140/mo is $811 (42%) below the US national median of $1,951/mo.

How does ZIP 61550 compare to other ZIPs in Illinois?

ZIP 61550 is among the more affordable ZIP codes in Illinois, ranking #214 out of 250 ZIPs at $1,140/mo.

How much income do you need to rent in ZIP 61550?

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (~$22/hour full-time) to afford the median rent of $1,140/mo in ZIP 61550. The local median household income is $98,516/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 61550?

Rent in ZIP 61550 has increased 1.8% over the past year as of April 19, 2026, putting upward pressure on renter budgets.

Is ZIP 61550 an affordable place to rent?

ZIP 61550 is considered very affordable for renters. At $1,140/mo, rent takes approximately 14% of the local median household income ($98,516/yr). The standard benchmark is 30%. ZIP 61550 falls comfortably within that range.

What percentage of ZIP 61550 residents rent vs. own?

According to Census data, approximately 18.7% of ZIP 61550 households are renters, while 81.3% are owner-occupied. ZIP 61550 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 61550 compare to the rest of Morton?

ZIP 61550 is more affordable than Morton overall. At $1,140/mo, it's $659 below the Morton citywide median of $1,799/mo.

When was rent data for ZIP 61550 last updated?

Rent data for ZIP 61550 reflects April 19, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
14%
VERY AFFORDABLE

At $1,140/mo, rent takes ~14% of ZIP 61550's median household income ($98,516/yr). The standard benchmark is 30%.

ZIP 61550 14%Benchmark 30%
State income tax4.95%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 61550 (Morton, IL)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.