Housing in Montebello

A typical Montebello home is worth roughly $132,000

Typical home value

$132K

IL $298K

Estimate

2-bedroom rent

$980

a month, utilities in · HUD

Median tax bill

$2,489

IL $5,298

What kind of housing town is Montebello?

Read from the numbers below. The page puts what stands out first.

Your money goes further56% below the Illinois typical home.

★ What stands out · Affordability

A typical home costs 2.2 years of income

Less than across Illinois (3.6 years). Try your own numbers below.

You could afford about

$205,000

Typical Montebello home $132K

That covers a typical Montebello home, with $74K to spare.

The typical home, each month

$900

Loan $650Tax $210Insurance $40

A two-bedroom rents for about $980 a month here, $80 more than owning.

Where your budget reaches nearby

Keokuk$85K Hamilton$117K

How Montebello ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Montebello’s typical property tax (1.89% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $980

Renters already here pay a median of $938.

Fair Market Rent a month, utilities included

Studio$670

1 bedroom$850

2 bedrooms$980

3 bedrooms$1,190

4 bedrooms$1,300

28%

of households rent · IL 33%

365

renter households

55%

of renters spend 30%+ of income on rent · IL 48%

20%

of the median income, for a two-bedroom

$938

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Hancock County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

1 of Montebello’s houses are on the National Register

Half of Montebello’s homes were built before 1970.

History →

Owners and renters

Own 72%Rent 28%

Illinois: 67% own.

1970

typical home built · IL 1971

$2,489

median property tax bill · IL $5,298

1.89%

of a home’s value, a year in tax · IL 2.01%

Historic houses in Montebello

Cyrus Felt HouseListed 1980

U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.

Next door

Montebello vs. its neighbors

Montebello is the priciest of 3 neighboring towns. Tap one to see its housing page.

Montebello$132K Hamilton$117K Keokuk$85K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Montebello	$132K*	—	$980	—	$59,966
Keokuk	$85K	−7.4%	$950	22	$52,711
Hamilton	$117K	+0.9%	$990	0	$56,895
Prairie	—	+5.9%†	$930	—	$43,917
Sandusky	—	−3%†	$950	—	$108,977

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Montebello buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Montebello still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.