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.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$318,011

+3.2%

Rent$2,652/mo

AFFORDABILITY

Enter your income for Montgomery.

Income (annual)

Down Payment

$63,602 on $318,011

Out of reach — 37.6% 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$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

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.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

MONTGOMERY, IL