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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 $201,816, lower than the Illinois average of $300,242.
The average cost of rent is $835/mo in Montrose, primarily driven by the current value of real estate in the Montrose area. In Montrose, 11.84% of households rent, and 58.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montrose is $7,783 per month. Households that rent pay about 10.73% of their income on rent here. Montrose’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Woodbury, IL: equally priced homes
- Jewett, IL: less expensive homes
- Teutopolis, IL: higher priced homes
- Sigel, IL: equally priced homes
- Dieterich, IL: equally priced homes
- Toledo, IL: less expensive homes
- Green Creek, IL: higher priced homes
- Wheeler, IL: less expensive homes
- Rose Hill, IL: higher priced homes
- Lis, IL: less expensive homes
Cities with Similar Populations
- Graettinger, IA: less expensive homes
- Stewart, TN: less expensive homes
- Stewart, MN: higher priced homes
- St. Florian, AL: higher priced homes
- Shelby, NE: higher priced homes
- Joppa, MI: equally priced homes
- Jennings, OK: less expensive homes
- Hurricane, MO: less expensive homes
- Hornsby, TN: higher priced homes
- Herrick, IL: less expensive homes
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