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City · 6,834 residents · Montgomery County, Illinois

Litchfield , Illinois

In Litchfield, a typical home is worth $104,200 and typical rent is $675 a month. Compared with all of Montgomery County, typical household income is 15% lower, the typical home value is 7% lower, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $104,200

    7% below the county

    60% below Illinois

    • Litchfield
    • Montgomery
    • Illinois

  • Typical rent

    $675a month

    7% below the county

    47% below Illinois

    • Litchfield
    • Montgomery
    • Illinois

  • Typical household income

    $53,958a year

    15% below the county

    35% below Illinois

    • Litchfield
    • Montgomery
    • Illinois

  • Households that own their home

    66%

    11 points below the county

    1 points below Illinois

    • Litchfield
    • Montgomery
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$133,199
5.4% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Litchfield is in Montgomery County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Montgomery County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Litchfield apart

What this place has that others do not, from public data, most unusual first.

  1. Litchfield has the 3rd lowest typical rent of the 331 cities in Illinois with more than 5,000 people ($675).

  2. 66% of households in Litchfield own their home, against 77% in Montgomery County.

  3. The typical household income in Litchfield is $53,958, 15% less than in Montgomery County as a whole ($63,620).

  4. Litchfield has the 32nd lowest typical home value of the 336 cities in Illinois with more than 5,000 people ($104,200).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Litchfield

What homes there are in Litchfield, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Litchfield, 7 in 10 homes are single-family detached houses; in Montgomery County, 8.

Year built

The typical home in Litchfield was built in 1959, 5 years before the typical one in Montgomery County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Montgomery County is $930; about 76% of rents in Litchfield are below it.

With a mortgage

$1,154 a month

Montgomery County: $1,199 a month

Without a mortgage

$505 a month

Montgomery County: $529 a month

Owners with a mortgage

63%

Montgomery County: 51%

Owning costs about the same in Litchfield as in Montgomery County: with a mortgage, $1,154 a month; without one, $505.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Litchfield rose 37% since 2015–2019, more than in Montgomery County (34%).

Rents in Litchfield rose faster than in Montgomery County: 18% since 2015–2019, against 12%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLitchfieldMontgomery CountyIllinoisUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.0%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.5%3.4%
People per household 2.122.272.462.53
Drive alone 80%81%66%69%
Carpool Unreliable estimate6%8%9%
Public transit Unreliable estimateUnreliable estimate6%3%
Walk or bike Unreliable estimateUnreliable estimate3%3%
Work from home 7%9%16%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.12 on average, against 2.27 in Montgomery County.

To get to work, 80% of workers in Litchfield drive alone; in Montgomery County, 81%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Litchfield?

A typical home is within reach of the typical income

We start with a typical home in Litchfield, worth $104,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 21% of the typical household income in Litchfield, which is $53,958 a year.

The calculator's FHA and conventional loan limits are those of all of Montgomery County.

Your numbers

Local data
$

Starts at the typical home value in Litchfield. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,647 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$962

at 7.18% · 30 years

Loan amount
$102,313
Total interest
$147,204
Paid off in
November 2056

Includes $1,760 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,259 a month

    Your payment · 21%

  • Tight

    $1,259 to $1,619 a month

  • Hard

    more than $1,619 a month

Compared with the typical household income in Litchfield ($53,958 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$962
Principal & interest$693
Property tax$179
Home insurance$43
FHA mortgage insurance (MIP)$46

You need at least $3,647 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Litchfield and Montgomery County

Litchfield is in Montgomery County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Litchfield's own numbers

Typical home value
$104,200
Typical monthly rent
$675
Typical yearly household income
$53,958
Households that own their home
66%
Effective property tax rate
2.06%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Montgomery County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$930
Price change over 5 years (FHFA)
+38%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Montgomery County.

Everything about Montgomery County

Buying

Buying a home in Litchfield

A typical home in Litchfield is worth $104,200: 7% below the county and 60% below Illinois. With the typical household income in Litchfield ($53,958 a year), a typical home costs 1.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Litchfield 1.9 years
  • Montgomery 1.8 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Montgomery County

According to FHFA’s house price index, home prices in Montgomery County rose 56% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Montgomery County.

Period County Illinois U.S.
Last year (2025) −3.2% +5.7% +2.9%
5 years (2020–2025) +38% +47% +47%
10 years (2015–2025) +56% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Litchfield next to Montgomery County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Litchfield $104,200
  • Montgomery $112,300
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Litchfield $675
  • Montgomery $723
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Litchfield $53,958
  • Montgomery $63,620
  • Illinois $83,390
  • United States $80,734
See the full table
Litchfield next to Montgomery County and Illinois
Measure Litchfield Montgomery County Illinois U.S.
Typical home value $104,200 $112,300 $263,300 $332,700
Typical monthly rent $675 $723 $1,274 $1,413
Typical yearly household income $53,958 $63,620 $83,390 $80,734
Households that own their home 66% 77% 67% 65%
Typical yearly property tax $2,148 $1,887 $5,298 $3,119
Effective property tax rate 2.06% 1.68% 2.01% 0.94%
Renters with high rent for their income 53% 46% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Montgomery County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Litchfield

For a typical $104,200 home in Litchfield, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Litchfield's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $961a month

    Least cash to close
    Down payment
    $3,647
    Cash to close
    $6,773
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $46

  • Conventional, 5% down $942a month

    Down payment
    $5,210
    Cash to close
    $8,336
    Rate
    7.18%
    Mortgage insurance
    PMI · $49

  • Conventional, 20% down, no PMI $787a month

    Down payment
    $20,840
    Cash to close
    $23,966
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $883a month

    Down payment
    $15,630
    Cash to close
    $18,756
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Litchfield and for Montgomery County.

Property tax

Effective rate in Litchfield

2.06%of the home’s value each year

$2,148 a year for the typical owner in Litchfield.

  • Litchfield 2.06%
  • Montgomery 1.68%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Montgomery County

FEMA does not publish these numbers by city: they are for all of Montgomery County.

FEMA’s maps count no homes in the high-risk zone in Montgomery County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Litchfield

Typical rent in Litchfield is $675 a month: 7% below the county. In Litchfield, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Montgomery County, by unit size. To pay the 2-bedroom one ($930 a month) without spending more than 30% of your income, you would need to earn $17.88 an hour working full time.

HUD fair market rent for all of Montgomery County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $700 $13.46 $28,000
1 bedroom $716 $13.77 $28,640
2 bedrooms $930 $17.88 $37,200
3 bedrooms $1,108 $21.31 $44,320
4 bedrooms $1,277 $24.56 $51,080

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Litchfield

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Litchfield is in ZIP code 62056.

For 2 bedrooms it is $930: the same as the fair market rent for Montgomery County.

  • 62056 $930$1,110

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Litchfield when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Litchfield

HUD lists 6 buildings with rents for lower incomes in Litchfield. These are the largest.

  • Kirk Terrace 329 Kirk Ter, Litchfield 62056 116 low-income homes · Run by Montgomery County Housing Authority · Average payment: $355 a month · Average wait: 8 months (217) 532-3672
  • Elk Tower Apts 400 N Monroe St, Litchfield 62056 27 low-income homes · 1 bd: 18 · 2 bd: 9 · In service since 1996 · For people with disabilities, families
  • Freedom Place II 902 E Prairie St, Litchfield 62056 20 homes, 18 low-income · 2 bd: 13 · 3 bd: 5 · In service since 2006
  • Litchfield Homes 1011 E Prairie St, Litchfield 62056 20 homes, 18 low-income · 1 bd: 2 · 2 bd: 9 · 3 bd: 9 · In service since 2004 · For families
  • Doubletree Apts 1000 W Tyler Ave, Litchfield 62056 12 low-income homes · 1 bd: 6 · 2 bd: 6 · In service since 1991

See all 13 buildings in Montgomery County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Litchfield

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Montgomery County. The nearest ones are below; many serve by phone or online.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Litchfield

No down payment, repair or rent-help program on our list is for Litchfield or Montgomery County. The ones below are statewide in Illinois: they work in Litchfield the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Litchfield

The HUD-approved agencies closest to the center of Litchfield, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Macoupin County Housing Authority

    760 Anderson Street, Carlinville · 14 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    217-854-8606-202

  • C.e.f.s. - Christian County Outreach Office

    220 W. Franklin, Taylorville · 32 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    217-824-4712-22

  • C.e.f.s. Fayette County Outreach Office

    517 W. Gallatin Street, Vandalia · 34 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (618) 283-2631

All counseling agencies in Illinois

Help in Spanish near Litchfield

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Litchfield

HUD’s record names them for Litchfield or Montgomery County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Montgomery County Housing Authority Public housing and Section 8 vouchers (217) 532-3672

All housing agencies in Illinois Source: HUD

Cities

Other cities in Montgomery County

These cities are also in Montgomery County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Montgomery County Housing in Illinois

Nearby cities

The cities closest to Litchfield, with the typical home value.

Neighboring counties

If Montgomery County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Litchfield.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Litchfield

Short answers with the numbers for Litchfield and all of Montgomery County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Litchfield?

The typical home value in Litchfield is $104,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Montgomery County it is $112,300.

How much does it cost to rent in Litchfield?

Typical rent in Litchfield is $675 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Montgomery County is $930.

What is the FHA loan limit in Litchfield?

Litchfield uses the FHA limit for all of Montgomery County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Litchfield?

The typical homeowner in Litchfield pays $2,148 a year, according to the U.S. Census Bureau. That is 2.06% of the home’s value; in Montgomery County, the rate is 1.68%.

Where can I find free help to buy or rent in Litchfield?

We found no HUD-approved counseling agencies with an office in Montgomery County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).