Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Montgomery area can be challenging. Home prices in Montgomery are now at a median cost of $147,351, lower than the Alabama average of $185,232.
The average cost of rent is $1,007/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. While nearly 37.99% of residents own their homes outright in Montgomery, 42.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $4,867 per month. Households that rent pay about 20.69% of their income on rent here. Montgomery's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Pine Level, AL: equally priced homes
- Perrys Mill, AL: higher priced homes
- Snowdoun, AL: equally priced homes
- Pike Road, AL: higher priced homes
- Merry, AL: higher priced homes
- Mount Meigs, AL: higher priced homes
- Hunter, AL: equally priced homes
- Redland, AL: higher priced homes
- Brassell, AL: higher priced homes
- Ware, AL: higher priced homes
Cities with Similar Populations
- Caguas, PR: equally priced homes
- Canton, MI: higher priced homes
- Albany, GA: less expensive homes
- Bellingham, WA: higher priced homes
- Alafaya, FL: higher priced homes
- Alameda, CA: higher priced homes
- Asheville, NC: higher priced homes
- Augusta, GA: higher priced homes
- Baton Rouge, LA: higher priced homes
- Ashburn, VA: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood