Montgomery, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montgomery Neighborhoods Since 2000




Montgomery, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Montgomery Housing Market Information

With a population of 19,489, 6,052 total housing units (homes and apartments), and a median house value of $232,763, 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 73.98% of the village's housing units. Other types of housing that are prevalent in Montgomery include row houses and other attached homes ( 17.02%), large apartment complexes or high rise apartments ( 4.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.04%).

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 79.74% of Montgomery's homes, and 73.59% 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. 63.11% 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 ( 23.02%), and between 1940-1969 ( 10.42%). There's also some housing in Montgomery built before 1939 ( 3.45%).

Montgomery Home Appreciation Rates

Homes have actually lost value in Montgomery over the last then years, as home values have seen a decline of 21.40% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Montgomery home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Montgomery's appreciation rate, at 4.88%, has been at or slightly above the national average. In the latest quarter, Montgomery's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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:
$232,763

Montgomery, IL HOME PRICES

Value Range
> $1,157,000 0.3
$868,001 - $1,157,000 0.3
$579,001 - $868,000 0.1
$463,001 - $579,000 0.7
$347,001 - $463,000 8.1
$231,001 - $347,000 34.4
$116,001 - $231,000 46.7
$58,001 - $116,000 7.9
$0 - $58,000 1.4

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
25.3105590062112 17.7848101265823

Number Of Homes And Apartments:
6,052

Montgomery Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
11.27% 0.62% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,678 / per month

Homeownership Rate

Homeownership
Owners 79.74
Renters 20.26
Vacant 9.25

Housing Market Details

 

Age of Homes

AGE OF Montgomery HOMES
2000 or Newer 63.1
1970 - 1999 23.0
1940 - 1969 10.4
1939 or Older 3.4

Types of Homes

TYPE OF Montgomery HOMES
Single-Family 74.0
Townhomes 17.0
Small Apt. Buildings 3.0
Apt. Complexes 4.1
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Montgomery HOMES
No Bedroom 0.60
1 Bedroom 2.43
2 Bedrooms 16.49
3 Bedrooms 42.80
4 Bedrooms 30.80
5 or more bedrooms 6.88