Montrose: Housing & Real Estate
Montrose homes sell at a median $125,000 (estimated market value runs 12% higher at $140,172), with median rent $392 (1.9× below Effingham County median $733; 3.2× below Illinois median $1,274). Homeownership rate: 73.7%. That's 1.5× below the Effingham County median ($189,500); 2.1× below the Illinois median ($263,300). Market is cool. Vacancy rate 13.6%. New construction makes up 2.7% of stock. A municipal building code is in effect.
- 2.1× annual income — home value vs. household income (vs Illinois 4.0×).
- 26.6 years to break even renting at the median (vs Illinois 18y).
- 4-BR rent is 2.4× a studio — rent gradient by unit size.
- Median rent 57% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $125,000 — 0.4× the Illinois median ($314,700). Median rent $392/month. homeownership rate 73.7% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 2.1× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 7.8% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 20.0% |
| Affordability · Poverty Rate | 12.9% |
| Affordability · Property Tax Pct Income | 2.9% |
| Fair Market Rent · Studio rent | $632 (vs Illinois $1,480) |
| Fair Market Rent · One-bedroom rent | $717 (vs Illinois $1,581) |
| Fair Market Rent · Two-bedroom rent | $916 (vs Illinois $1,781) |
| Fair Market Rent · Three-bedroom rent | $1,098 (vs Illinois $2,294) |
| Fair Market Rent · Four-bedroom rent | $1,537 (vs Illinois $2,653) |
| Fair Market Rent · HUD FMR area | Cumberland County, IL |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $140,172 |
| Median Home Value | $125,000 (vs Illinois $314,700) |
| Median Rent | $392 (vs Illinois $1,440) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | cool |
|---|---|
| Housing Market · Vacancy rate | 13.6% |
| Housing Market · New construction (% of stock) | 2.7% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (4)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Illinois median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Illinois median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Illinois median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 100.0% (vs Illinois 76.8%) |
| Broadband · Broadband-capable premises | 129 |
| Electricity · Electricity rate (¢/kWh) | 15.87¢/kWh |
| Electricity · Customers | 5392477 |
| Electricity · Revenue Millions | $7,118 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Illinois median) |
| Mobile Broadband · 5G mobile coverage | 0.928571429 (vs Illinois 100.0%) |
| Mobile Home Parks Detail · County total | 2 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 73.7% (vs Illinois 66.4%) |
|---|---|
| Median Year Built | 1953 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12