Much like its surrounding areas, it's similar compared to the country as a whole. However compared to the city of Chicago, it's a bit less expensive.
Home prices
The median home price in Montgomery is $221,500. In comparison to nearby areas this is about $6,120 (2%) lower.In comparison to the rest of the nation it is roughly $4,000 (1%) higher, and compared to the city of Chicago is about $36,500 (14%) lower.
Rents
Montgomery's median rent is $1,177 a month. In comparison to the surrounding areas this is approximately $164 (12%) lower.Compared to the country as a whole it is roughly $115 (10%) higher, and it is approximately $65 (5%) higher in comparison to the city of Chicago.
Nearby places
Boulder Hill
Boulder Hill is Montgomery's neighbor to the southeast. Its real estate prices are a lot less expensive. The price of the median home in Boulder Hill is $161,400, which comes out to $60,100 (37%) lower than Montgomery. Rent there is somewhat more expensive. The median rent in Boulder Hill is $1,588 per month, which is $411 (25%) higher than Montgomery.
Oswego
Oswego is Montgomery's neighbor to the southeast. Its housing prices are a little more expensive. The median home in Oswego is valued at $254,900, which comes out to $33,400 (13%) higher than Montgomery. The rent there is somewhat more expensive. The median monthly rent in Oswego is $1,584, which comes out to $407 (25%) higher than Montgomery.
Aurora
Aurora is Montgomery's neighbor to the northeast. Real estate prices there are a little less expensive. Aurora's median home price is $184,400, which is $37,100 (20%) lower than Montgomery. Its rents are similar. In Aurora the median monthly rent is $1,228, which works out to $51 (4%) higher than Montgomery.
Sugar Grove
Sugar Grove is about 5 miles northwest from Montgomery. The housing prices there are a little more expensive. The cost of the median home in Sugar Grove is $290,600, which comes out to $69,100 (23%) higher than Montgomery. Rent there is similar. Sugar Grove's median rent is $1,131 a month, which is $46 (4%) lower than Montgomery.
North Aurora
North Aurora is roughly 5 miles north of Montgomery. Real estate prices there are a bit more expensive. The median home in North Aurora costs $246,800, which works out to $25,300 (10%) higher than Montgomery. The rent there is similar. In North Aurora the median rent is $1,172 per month, which is very similar to Montgomery.
