Welcome to our 60538 real estate data hub, tailored for investors in Montgomery, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 60538 in Montgomery, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in KENDALL COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Montgomery, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Montgomery property market.
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Location Overview
- Zip Code: 60538
- City: Montgomery
- State: IL
- Metro Area: Chicago-Naperville-Elgin, IL-IN-WI
- County Name: KENDALL COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $265,339
- Average Home Price (Single Family Homes): $269,986
- Average Monthly Rental Price (All Types): $2,370
- Price-to-Rent Ratio: 9
- Zillow Projected % appreciation from 4/2023-4/2024: -1.6%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,520
- Average 3 Bedroom Section 8 Rental Rates: $2,080
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 14.55
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 10.63
- Number of Units Offered in Section 8 in the County: 138
- Number of Occupied Units in Section 8 in the County: 127
- Percentage of Section 8 Units Occupied in the County: 92%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 135.03
- Total % Appreciation since 2000 (Government Data): 78.78
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.89%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.68%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.75%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 33.83%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 91.96%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.56%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 58.45%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%