Why Live in Montgomery
Montgomery, a village in Illinois, is known for its welcoming small-town atmosphere and scenic Fox River backdrop. The riverfront provides numerous attractions, including parks, dining, and retail options. Housing in Montgomery features a mix of Cape Cods, split-levels, farmhouses, and ranch-style homes, many with elongated driveways and garages. Townhouses and the Oak Grove Mobile Home Village, a 55+ community, offer additional living options. The area is car-dependent, with public transit options like the Pace bus and Metra available in nearby Aurora. Green spaces abound, particularly along the Fox River, with Montgomery Park offering unique play structures, sports courts, and wide-open fields. The park also hosts annual events like the Montgomery Fest Car Show, featuring live music, carnival rides, and fireworks. Nearby Phillip Park includes a petting zoo, sunken garden, and fishing lake. Dining options are concentrated along East River Road and Douglas Road, with local favorites like Riverview Diner and Pig Dog Pub, as well as retail stores and notable chains. Montgomery's combination of riverfront amenities, parks, and diverse dining options makes it an appealing neighborhood for potential homebuyers.
Frequently Asked Questions
Is Montgomery a good place to live?
Montgomery is a good place to live. Montgomery is considered very car-dependent and somewhat bikeable. Montgomery is a suburban neighborhood. Montgomery has 7 parks for recreational activities. It is sparse in population with 2.1 people per acre and a median age of 36. The average household income is $90,464 which is below the national average. College graduates make up 25.8% of residents. A majority of residents in Montgomery are home owners, with 29% of residents renting and 71% of residents owning their home. A
local real estate agent serving Montgomery can help you decide if this neighborhood is the right one for you. Learn more on our
Montgomery neighborhood guide.
How much do you need to make to afford a house in Montgomery?
The median home price in Montgomery is $519,900. If you put a 20% down payment of $104,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,690 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $115K a year to afford the median home price in Montgomery. The average household income in Montgomery is $90K.
What are the best public schools in Montgomery?
The best public schools that serve Montgomery are:
- Bristol Grade School has an A Niche grade and a student teacher ratio of 17:1.
- Oswego High School has an A- Niche grade, a student teacher ratio of 16:1 and an average review score of 3.8.
- Yorkville High School has an A- Niche grade, a student teacher ratio of 16:1 and an average review score of 3.5.
What are the best private schools in Montgomery?
The best private schools that serve Montgomery are:
What are the most popular zip codes in Montgomery, Montgomery, IL?
What are the most popular neighborhoods near Montgomery, Montgomery, IL?
Are home prices dropping in Montgomery?
Yes, home prices in Montgomery are down 16% in the last 12 months.
Home Trends in Montgomery, IL
On average, homes in Montgomery, IL sell after 30 days on the market compared to the national average of 70 days. The median sale price for homes in Montgomery, IL over the last 12 months is $519,900, up 20% from the median home sale price over the previous 12 months.
Median Sale Price
$519,900
Median Single Family Sale Price
$519,900
Median Townhouse Sale Price
$268,500
Median 2 Bedroom Sale Price
$318,749
Median 1 Bedroom Sale Price
$132,000
Average Price Per Sq Ft
$225
Number of Homes for Sale
6
Last 12 months Home Sales
34
Median List Price
$519,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
20%