Montgomery, IL Real Estate
According to census data in the year 2000 there were 2,161 housing units in Montgomery.
This represents a 26.7% growth from 1,705 in 1990.
Of those housing units, 2,126 were located in either urbanized areas or urban clusters, and 35 were located in what is classified as a rural area.
Homeownership rate in Montgomery is about 77.1%.
Montgomery's vacancy rate, including seasonal lodging, is about 3.2%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Montgomery were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 8% |
| Two Bedrooms | 34.20% |
| Three Bedrooms | 41.10% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $135,200 |
| Median Price asked for vacant units | $160,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $587 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 2.60% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 58.30% |
| Debt Free | 27.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
