Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Montgomery area can be challenging. Home prices in Montgomery are now at a median cost of $227,310, lower than the Illinois average of $242,002.
The average cost of rent is $1,753/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. While nearly 25.66% of residents own their homes outright in Montgomery, 21.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $7,488 per month. Households that rent pay about 23.41% of their income on rent here. Montgomery's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Boulder Hill, IL: less expensive homes
- Bristol, IL: higher priced homes
- Oswego, IL: higher priced homes
- Sugar Grove, IL: higher priced homes
- Aurora, IL: equally priced homes
- Yorkville, IL: higher priced homes
- North Aurora, IL: higher priced homes
- Eola, IL: equally priced homes
- Nottingham Woods, IL: higher priced homes
- Plano, IL: equally priced homes
Cities with Similar Populations
- Saco, ME: higher priced homes
- Portland, TN: less expensive homes
- Portsmouth, NH: higher priced homes
- Princeton Junction, NJ: higher priced homes
- Rancho San Diego, CA: higher priced homes
- Republic, MO: less expensive homes
- Ridgefield, WA: higher priced homes
- River Falls, WI: higher priced homes
- Rocky Hill, CT: higher priced homes
- Rocky River, OH: higher priced homes
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