Home prices
The price of the median home in Morton Grove is $317,200. Compared to nearby areas this is about $70,040 (18%) lower.Compared to the rest of the nation it is approximately $99,700 (45%) higher, and compared to the city of Chicago it is roughly $59,200 (22%) higher.
Rents
Morton Grove's median rent is $1,823 per month. It is approximately $321 (21%) higher compared to nearby areas.It is approximately $761 (71%) higher in comparison to the country as a whole, and in comparison to the city of Chicago is approximately $711 (63%) higher.
Nearby places
Niles
Niles is Morton Grove's neighbor to the southwest. Its housing prices are a bit less expensive. The price of the median home in Niles is $284,400, which comes out to $32,800 (11%) lower than Morton Grove. Rent there is a lot less expensive. The median rent in Niles is $1,141 a month, which comes out to $682 (59%) lower than Morton Grove.
Skokie
Skokie is Morton Grove's neighbor to the east. Its housing prices are similar. The median home value in Skokie is $318,800, which is very similar to Morton Grove. Rents there are substantially less expensive. In Skokie the median monthly rent is $1,271, which works out to $552 (43%) lower than Morton Grove.
Glenview
Glenview is Morton Grove's neighbor to the northwest. The real estate prices there are substantially more expensive. The cost of the median home in Glenview is $499,900, which comes out to $182,700 (36%) higher than Morton Grove. Its rents are pretty similar. The median rent in Glenview is $1,771 per month, which works out to $52 (2%) lower than Morton Grove.
Park Ridge
Park Ridge is approximately 3 miles southwest from Morton Grove. The real estate prices there are somewhat more expensive. Park Ridge's median home price is $437,000, which comes out to $119,800 (27%) higher than Morton Grove. Rents there are somewhat less expensive. In Park Ridge the median rent is $1,433 a month, which works out to $390 (27%) lower than Morton Grove.
Lincolnwood
Lincolnwood is approximately 3 miles southeast from Morton Grove. The housing prices there are a bit more expensive. Lincolnwood's median home price is $396,100, which is $78,900 (19%) higher than Morton Grove. Its rents are similar. The median monthly rent in Lincolnwood is $1,894, which is $71 (3%) higher than Morton Grove.
