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 $134,879, lower than the Illinois average of $242,002.
The average cost of rent is $684/mo in Montrose, primarily driven by the current value of real estate in the Montrose area. While nearly 55.54% of residents own their homes outright in Montrose, 14.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montrose is $5,623 per month. Households that rent pay about 12.17% of their income on rent here. Montrose's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Woodbury, IL: higher priced homes
- Jewett, IL: less expensive homes
- Teutopolis, IL: higher priced homes
- Sigel, IL: equally priced homes
- Dieterich, IL: higher priced homes
- Toledo, IL: less expensive homes
- Green Creek, IL: higher priced homes
- Wheeler, IL: higher priced homes
- Rose Hill, IL: equally priced homes
- Lis, IL: higher priced homes
Cities with Similar Populations
- Graettinger, IA: less expensive homes
- Stewart, TN: equally priced homes
- Stewart, MN: higher priced homes
- St. Florian, AL: higher priced homes
- Shelby, NE: equally priced homes
- Joppa, MI: higher priced homes
- Jennings, OK: less expensive homes
- Hurricane, MO: equally priced homes
- Hornsby, TN: less expensive homes
- Herrick, IL: less expensive homes
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