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These days, finding an affordable place to live in the Montgomery City area can be challenging. Home prices in Montgomery City are now at a median cost of $185,612, lower than the Missouri average of $246,641.
The average cost of rent is $846/mo in Montgomery City, primarily driven by the current value of real estate in the Montgomery City area. In Montgomery City, 28.38% of households rent, and 48.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery City is $5,573 per month. Households that rent pay about 15.17% of their income on rent here. Montgomery City’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Danville, MO: higher priced homes
- Wellsville, MO: less expensive homes
- New Florence, MO: equally priced homes
- Mineola, MO: higher priced homes
- High Hill, MO: higher priced homes
- Bellflower, MO: less expensive homes
- Gamma, MO: less expensive homes
- Martinsburg, MO: equally priced homes
- Big Spring, MO: higher priced homes
- Jonesburg, MO: higher priced homes
Cities with Similar Populations
- Hampton, SC: equally priced homes
- Myrtle, MS: equally priced homes
- Mooreville, MS: equally priced homes
- Robins, IA: higher priced homes
- South Jacksonville, IL: less expensive homes
- Brandon, VT: higher priced homes
- Wilton, IA: higher priced homes
- Dunean, SC: higher priced homes
- Germanton, NC: higher priced homes
- Mount Bethel, PA: higher priced homes
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