The housing market in Montgomery, IL is thriving, with a median value of $270,200 compared to the US average house median value of $338,100. In the past year alone, house appreciation has increased by 9.58%, higher than the national average of 8.27%. This indicates that Montgomery is an attractive residential area for potential home buyers and investors alike. With its diverse range of housing options and increasing home values, Montgomery offers something for everyone.
The median home cost in Montgomery is $270,200. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Montgomery is up 14.1%.
Average Age of Homes
- The median age of Montgomery real estate is 14 years old
The Rental Market in Montgomery
- Renters make up 12.7% of the Montgomery population
- 0.8% of houses and apartments in Montgomery, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.