Montgomery County, Illinois home prices
Typical home $136,570 · +6.1% in a year · property tax 1.68%
The typical home in Montgomery County is worth $136,570, 54% less than the Illinois typical home ($295,943). Values changed +6.1% in the past year and +17.4% over five years. Homeowners here pay a median 1.68% of their home's value in property tax each year ($2,295 on the typical home), versus 1.92% statewide.
Mortgage on the typical Montgomery County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $27,314 | $109,256 | $735 | $0 | $260 | $994 | $42,600 |
| 10% down | $13,657 | $122,913 | $827 | $51 | $260 | $1,138 | $48,800 |
| 5% down | $6,828 | $129,741 | $873 | $54 | $260 | $1,186 | $50,800 |
| 3.5% down (FHA) | $4,780 | $134,096 | $902 | $60 | $260 | $1,222 | $52,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.68% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Illinois.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Crawford County | $136,455 | -5.0% | 1.49% |
| Morgan County | $136,343 | +3.6% | 1.76% |
| Wabash County | $137,029 | +4.3% | 1.41% |
| Christian County | $136,066 | +4.6% | 1.64% |
| Richland County | $140,972 | +8.6% | 1.58% |
| Jackson County | $131,916 | +6.3% | 1.84% |
| Stark County | $142,649 | +8.8% | 1.69% |
| Logan County | $142,869 | +7.4% | 1.77% |
| Marshall County | $143,851 | +8.1% | 1.94% |
| Macoupin County | $144,350 | +2.3% | 1.5% |
Frequently asked questions
What is the average home price in Montgomery County, IL?
The typical home value in Montgomery County is $136,570 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montgomery County?
About $42,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montgomery County?
The median effective rate is 1.68% of home value a year (Census ACS 2024 5-year estimates).