Montgomery County, IL Average Home Price (2026)
The average home price in Montgomery County, Illinois is about $151,000 (the 2026 median across 12 ZIP codes, at ~$98/sq ft) — 23% more affordable than the Illinois median and 48% more affordable than the typical U.S. home.
How Montgomery County compares
Montgomery County is relatively affordable for housing nationally: its typical home costs $151,000 against $197,000 for Illinois and $289,000 for the U.S. Within the county, ZIP-level values run from about $95,000 to $405,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Montgomery County | $151,000 | $98 |
| Illinois | $197,000 | $134 |
| United States | $289,000 | $193 |
Montgomery County home prices by ZIP code
The 12 most valuable ZIP codes in Montgomery County (of 12 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 62077 Panama | $405,000 | $213 | +168% |
| 62032 Fillmore | $175,000 | $92 | +16% |
| 62533 Farmersville | $170,000 | $104 | +13% |
| 62560 Raymond | $169,000 | $76 | +12% |
| 62538 Harvel | $159,000 | $66 | +5% |
| 62572 Waggoner | $154,000 | $193 | +2% |
| 62051 Irving | $148,000 | $200 | -2% |
| 62049 Hillsboro | $144,000 | $168 | -5% |
| 62017 Coffeen | $136,000 | $42 | -10% |
| 62056 Litchfield | $133,000 | $120 | -12% |
| 62075 Wenonah | $116,000 | $70 | -23% |
| 62094 Witt | $95,000 | $75 | -37% |
Home value appreciation in Montgomery County
Home prices in Montgomery County have risen about 56% over the last 10 years (≈4.5% a year) and +60.7% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at -3.2% — a recent dip. A home worth $151,000 today was worth roughly $97,106 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Illinois is +64.6% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Montgomery County
Run the numbers for Montgomery County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Montgomery County
To buy the typical $151,000 home in Montgomery County with 20% down, you need a household income of roughly $41,000 a year (about $960 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $49,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $7,600 | $1,190/mo | $51,000/yr |
| 10% (+PMI) | $15,100 | $1,140/mo | $49,000/yr |
| 20% | $30,200 | $960/mo | $41,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Montgomery County
At about $98 per square foot, here is roughly how much home different budgets get you in Montgomery County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1530 sq ft | around the typical home here |
| $200k | 2040 sq ft | above the median — larger homes or the pricier ZIPs |
| $250k | 2550 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 3060 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Illinois.
Estimate a specific home in Montgomery County
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Montgomery County home prices: frequently asked
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Browse all Illinois cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.