The housing market in 62445 Montrose, IL has seen a steady growth over the past year. The median value for homes in the area is currently $145,900, which is significantly lower than the US house median value of $338,100. In terms of appreciation, houses in Montrose have increased by 7.94% over the last 12 months. Despite this being lower than the national average of 8.27%, it still indicates a stable and growing housing market. With prices that are more affordable than other parts of the country, Montrose provides a great opportunity for real estate investors and homeowners alike.
The median home cost in Montrose (zip 62445) is $145,900. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Montrose (zip 62445) is up 9.4%.
Average Age of Homes
- The median age of Montrose (zip 62445) real estate is 34 years old
The Rental Market in Montrose (zip 62445)
- Renters make up 11.8% of the Montrose (zip 62445) population
- 0.0% of houses and apartments in Montrose (zip 62445), 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.