The median home in Montgomery, Illinois is valued at $318,011, up 3.2% year over year. Typical monthly rent is $2,652, producing a price-to-rent ratio of 10x — below the national average of 18x. Montgomery is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$318,011

+3.2%

Rent$2,652/mo

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$63,602 on $318,011

Example: $75,000 household income. Change it above to see your own.

Out of reach37.6% of income

Need $100,671/yr to afford.

PITI$2,349

P/I37.6%

Afford$237K

Gap-$81K

P&I $1,608Tax $591Ins $150

Buying $303/mo cheaper ($2,652 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Montgomery with other housing markets across Illinois.

Kenilworth$1.93M Winnetka$1.73M Glencoe$1.51M Bannockburn$1.22M Golf$1.19M Hinsdale$1.18M Lake Forest$1.14M South Barrington$1.08M

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

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Montgomery, IL