Montgomery County, Illinois Housing Market Prices
Montgomery County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 11% above the Illinois median More expensive than 79% of counties in Illinois$166,353
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Median rent 43% below the Illinois median Cheaper than 86% of counties in Illinois$723
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,353 | $149,936 | $248,835 |
| Price Trend (Annual %) | 30.1% | 2.5% | 7.5% |
| Median Gross Rent | $723 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 11% higher than in Illinois. Rent is about 43% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Montgomery County, up about 30.1% and 2.3% a year respectively. Home prices are changing faster.
Median rent in Montgomery County rose about 21.6% between 2015 and 2024, from $595 to $723. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Montgomery County.
Buying the median-priced home in Montgomery County costs roughly 19.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Montgomery County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Montgomery County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,353 | $149,936 | $248,835 |
| Median Household Income | $63,489 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County rose about 287.2%, while median household income rose about 51.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Montgomery County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.1% | 61.9% | 58.5% |
| Rental Rate | 20.5% | 30.4% | 31.2% |
| Vacancy Rate | 9.4% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Montgomery County has a homeownership rate of 70.1%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 9.4%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Montgomery County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1964 | 1969 | 1978 |
| Median Number of Rooms | 5.8 | 5.6 | 5.5 |
The typical housing unit in Montgomery County was built around 1964. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Montgomery County, IL Housing Compared With Nearby Counties
Montgomery County, IL is the smallest of the 4 counties compared here, 27,942 residents against a local median of 44,343. Where Montgomery County, IL breaks from the counties next to it is median home price, sitting 150% above the local median of $66,497 at $166,353.
The counties themselves sit within $15,158 of each other on median home price, a tighter band than the gap between any of them and Montgomery County, IL, which makes it a genuine outlier here rather than one end of a wide local spread. Montgomery County, IL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, IL | 27,942 | $166,353 #1/4 | $723 #4/4 | 77.4% #2/4 |
| Christian County, IL | 33,536 | $54,154 | $785 | 75.2% |
| Macoupin County, IL | 44,343 | $69,312 | $801 | 78.5% |
| Sangamon County, IL | 194,875 | $66,497 | $982 | 71.3% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Illinois.
What is the median home price in Montgomery County, Illinois?
The median home price in Montgomery County, Illinois is $166,353, higher than the Illinois average of $149,936.
What is the average home price in Montgomery County, Illinois?
The typical home price in Montgomery County, Illinois, reported as the median sale price, is $166,353. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Montgomery County, Illinois?
The median gross rent in Montgomery County, Illinois is $723 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Illinois was $627 per month.
What is the price-to-rent ratio in Montgomery County, Illinois?
The price-to-rent ratio in Montgomery County, Illinois is about 19.2, meaning it would take roughly 19.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Montgomery County.
Are home prices or rent rising faster in Montgomery County, Illinois?
Both home prices and rent are rising in Montgomery County, up about 30.1% and 2.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Montgomery County, Illinois?
70.1% of households in Montgomery County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Montgomery County, Illinois?
The housing vacancy rate in Montgomery County, Illinois is 9.4%, higher than the Illinois average of 7.7%.
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