Home prices
Montrose's median home value is $62,000. Compared to its surrounding areas it is about $43,700 (41%) lower.In comparison to the United States as a whole it is about $155,500 (71%) lower, and is approximately $99,800 (61%) lower in comparison to the city of Champaign.
Rents
Montrose's median monthly rent is $706. Compared to its surrounding areas this is approximately $59 (9%) higher.It is approximately $356 (33%) lower compared to the rest of the country, and in comparison to the city of Champaign is about $246 (25%) lower.
Nearby places
Teutopolis
Teutopolis is roughly 5 miles southwest from Montrose. Its real estate prices are substantially more expensive. Teutopolis's median home price is $166,500, which comes out to $104,500 (62%) higher than Montrose. Its rents are a little less expensive. The median rent in Teutopolis is $614 a month, which is $92 (14%) lower than Montrose.
Sigel
Sigel is about 6 miles northwest from Montrose. The real estate prices there are significantly more expensive. The cost of the median home in Sigel is $144,800, which works out to $82,800 (57%) higher than Montrose. Its rents are somewhat more expensive. Sigel's median rent is $775 per month, which works out to $69 (8%) higher than Montrose.
Jewett
Jewett is roughly 6 miles northeast from Montrose. The housing prices there are fairly similar. The price of the median home in Jewett is $60,600, which is $1,400 (2%) lower than Montrose. Rent there is fairly similar. In Jewett the median rent is $675 per month, which works out to $31 (4%) lower than Montrose.
Effingham
Effingham is about 8 miles west from Montrose. Its real estate prices are a lot more expensive. The price of the median home in Effingham is $126,800, which is $64,800 (51%) higher than Montrose. Rents there are a bit less expensive. In Effingham the median monthly rent is $599, which comes out to $107 (17%) lower than Montrose.
Wheeler
Wheeler is about 8 miles south of Montrose. The real estate prices there are significantly less expensive. The cost of the median home in Wheeler is $29,800, which comes out to $32,200 (108%) lower than Montrose. The rent there is a little less expensive. Wheeler's median monthly rent is $571, which works out to $135 (23%) lower than Montrose.
