Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Montrose area can be challenging. Home prices in Montrose are now at a median cost of $361,376, higher than the Chicago average of $290,679.
The average cost of rent is $1,169/mo in Montrose, primarily driven by the current value of real estate in the Montrose area. While nearly 29.10% of residents own their homes outright in Montrose, 44.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montrose is $7,239 per month. Households that rent pay about 16.15% of their income on rent here. Montrose's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Pottage Park, Chicago, IL: less expensive homes
- Grayland, Chicago, IL: equally priced homes
- Martin Luther, Chicago, IL: equally priced homes
- North Mayfair, Chicago, IL: equally priced homes
- Jefferson Park, Chicago, IL: equally priced homes
- Colonial Gardens, Chicago, IL: less expensive homes
- Gladstone, Chicago, IL: equally priced homes
- Irving Park, Chicago, IL: higher priced homes
- Schorsch, Chicago, IL: less expensive homes
- Albany Park, Chicago, IL: less expensive homes
Neighborhoods with Similar Populations
- Mission Viejo, Aurora, CO: equally priced homes
- Gove Street, Boston, MA: higher priced homes
- Harbor House, Charlotte, NC: less expensive homes
- Harry Floyd Terrace, Vallejo, CA: equally priced homes
- Hillyard, Spokane, WA: less expensive homes
- Winkler Safe Neighborhood, Fort Myers, FL: less expensive homes
- Wilburton, Bellevue, WA: higher priced homes
- Westville, New Haven, CT: less expensive homes
- West End, St. Louis, MO: less expensive homes
- West Avenue, Miami Beach, FL: equally priced homes
All Local Stats
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