Zip 60538 (Montgomery, IL) Housing

The housing market in 60538 Montgomery, IL is a strong one compared to the US House Median Value of $338,100. The Housing Median Value in 60538 Montgomery, IL is $271,900 which is lower than the US median value however the house appreciation rate for the past year has been 9.58%, higher than the US 1 year House Appreciation rate of 8.27%. This indicates that those who have invested in housing within this area are seeing much higher returns than average and that this trend may continue to improve in future years.

The median home cost in Montgomery (zip 60538) is $271,900. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Montgomery (zip 60538) is up 14.1%.

Average Age of Homes

- The median age of Montgomery (zip 60538) real estate is 23 years old

The Rental Market in Montgomery (zip 60538)

- Renters make up 15.3% of the Montgomery (zip 60538) population
- 0.7% of houses and apartments in Montgomery (zip 60538), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Montgomery, Illinois	United States
	9,900.0	139,647,020.0
	25	42
	$271,900	$338,100
	14.1%	16.6%
	34.5%	57.0%
	59.2%	101.1%
	$26.56	$10.98
	$5,588	$2,690
	77.9%	57.4%
	3.8%	11.2%
	18.4%	31.4%
Vacant Housing
	0.7%	1.9%
	0.3%	0.4%
	0.1%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.5%	2.4%
	0.0%	2.8%
	0.3%	3.9%
	0.7%	4.5%
	6.0%	11.3%
	35.8%	13.0%
	48.2%	20.1%
	6.0%	13.6%
	0.6%	8.3%
	0.1%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	41.1%	13.6%
	41.1%	13.6%
	5.9%	13.6%
	6.3%	13.2%
	15.4%	14.8%
	5.9%	13.6%
	6.3%	10.0%
	1.0%	4.7%
	2.1%	12.2%

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