Montgomery, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montgomery Neighborhoods Since 2000




Montgomery, IL Real Estate Data


Montgomery Housing Market Information

With 19,489 people, 5,826 houses or apartments, and a median cost of homes of $217,151, Montgomery real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Montgomery, accounting for 74.00% of the village's housing units. Other types of housing that are prevalent in Montgomery include row houses and other attached homes ( 17.60%), large apartment complexes or high rise apartments ( 4.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montgomery. Owner-occupied housing accounts for 85.91% of Montgomery's homes, and 68.80% have either three or four bedrooms, which is average sized relative to America.

Montgomery homes and real estate are some of the newest in America. 66.36% of Montgomery's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Montgomery real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 20.58%), and between 1940-1969 ( 10.49%). There's also some housing in Montgomery built before 1939 ( 2.56%).

Montgomery Home Appreciation Rates

Homes have actually lost value in Montgomery over the last then years, as home values have seen a decline of 22.48% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Montgomery home appreciation rates at 1.63%, which equates to an annual appreciation rate of 6.69%.

NeighborhoodScout's data show that during the latest twelve months, Montgomery's appreciation rate, at 5.51%, has been at or slightly above the national average. In the latest quarter, Montgomery's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Montgomery's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$217,151

Montgomery, IL HOME PRICES

Value Range
> $1,152,000 0.6
$864,001 - $1,152,000 0.4
$576,001 - $864,000 0.9
$461,001 - $576,000 0.8
$345,001 - $461,000 7.6
$230,001 - $345,000 33.9
$115,001 - $230,000 46.7
$58,001 - $115,000 7.1
$0 - $58,000 2.1

High for IL
High for Nation

Value Relative to Nation Value Relative to State
29.1620308016631 21.7721518987342

Number Of Homes And Apartments:
5,826

Rent & Ownership

 

Average Market Rent:
$1,260 / per month

Homeownership Rate

Homeownership
Owners 85.91
Renters 14.09
Vacant 9.56

Housing Market Details

 

Age of Homes

AGE OF Montgomery HOMES
2000 or Newer 66.4
1970 - 1999 20.6
1940 - 1969 10.5
1939 or Older 2.6

Types of Homes

TYPE OF Montgomery HOMES
Single-Family 74.0
Townhomes 17.6
Small Apt. Buildings 3.1
Apt. Complexes 4.2
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Montgomery HOMES
No Bedroom 0.00
1 Bedroom 2.14
2 Bedrooms 20.41
3 Bedrooms 38.76
4 Bedrooms 30.04
5 or more bedrooms 8.65

Montgomery Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
10.08% 0.57% 2 1
* 10 is highest