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Montgomery village, IL

ZIP 60538 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60538

Median Home Value
$253,900
Median Rent
$1,655
Affordability Snapshot
$70,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,631/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60538 in Montgomery village, IL, a household would need roughly $70,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,631. That sits below the local median household income ($92,064), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
79.5%+22% vs US avg
x
Vacancy Rate
5.5%-47% vs US avg
x
Broadband Access
95.2%+9% vs US avg
x
4+ Bedrooms
4.7%-68% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
4.2%-39% vs US avg
x
Rent Burden >30%
22.3%-55% vs US avg
x
Mortgage-Free
22.8%-40% vs US avg
x
$253,900
Home Value
$1,655
Rent
1995
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.0%
  • 1-unit attached12.8%
  • 2-9 units3.4%
  • 10+ units4.8%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$253,900
Median rent$1,655
Owner-occupied79.5%
Vacant5.5%
Price-to-income2.8x
Est. income to buy$70,000