Illinois · Census place 50283
Montrose village, IL
Quick answer
Montrose village has 276 residents, ranking #1114 of 1462 places in Illinois. Median household income is $54,821, the median home is worth $125,000 and median gross rent runs $393 a month.
- Population
- 276Montrose village residents
- Median household income
- $54,821Past 12 months, inflation adjusted
- Median home value
- $125,000Owner-occupied units
- Median gross rent
- $393Rent plus utilities, monthly
- Median age
- 40.6 yrsAll residents
- Homeownership rate
- 75.9%Owner-occupied households
What the numbers mean in Montrose village
Housing cost measured against local earnings.
A household earning the Montrose village median would spend about 8.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.6% of residents and 75.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
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