Montrose, IL—62445
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montrose, IL
Montrose, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 4.8% |
| Single Family | $179,000 | 6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montrose, IL
Montrose, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Montrose, IL
Montrose, IL lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Montrose, IL
As of the latest ACS Survey released in 2023, Montrose, IL has a population of 1,040, which has decreased by -19.1% over the past 5 years. Montrose, IL is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 7.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,040 | -19.1% |
% Under 18 | 24.0% | -3.6% |
% Seniors | 15.3% | -2.5% |
% WFH | 3.7% | 37.0% |
% w/ College Degree | 7.0% | -47.4% |
As of the latest ACS Survey released in 2023, Montrose, IL is a predominantly white area, with 96.0% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Montrose, IL is hispanic, making up 2.6% of the population. Foreign-born residents account for 0.4% of the population in Montrose, IL, and this percentage has decreased by 73.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.0% | -1.8% |
% Black | 0.2% | ∞% |
% Hispanic | 2.6% | 100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | -73.3% |
Mortgage and Risk — Montrose, IL
Montrose, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Montrose, IL
Montrose, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $670 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,070 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Montrose, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $179,000 |
| Median Household Income | $79,200 |