Expensive
Affordable
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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 $278,600, lower than the Georgia average of $324,634.
The average cost of rent is $1,424/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. In Montgomery, 1.29% of households rent, and 68.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $11,285 per month. Households that rent pay about 12.62% of their income on rent here. Montgomery’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Vernonburg, GA: equally priced homes
- Skidaway Island, GA: higher priced homes
- Isle of Hope, GA: higher priced homes
- Savannah, GA: higher priced homes
- Thunderbolt, GA: higher priced homes
- Fort McAllister, GA: higher priced homes
- Whitemarsh Island, GA: higher priced homes
- Wilmington Island, GA: higher priced homes
- Rabbit Hill, GA: higher priced homes
- Garden City, GA: less expensive homes
Cities with Similar Populations
- Thatcher, UT: higher priced homes
- Ewing, IL: less expensive homes
- Ewing, NE: less expensive homes
- Fannettsburg, PA: less expensive homes
- Farmington, GA: higher priced homes
- Fountain Lake, AR: less expensive homes
- Friedensburg, PA: less expensive homes
- St. Johns, NC: less expensive homes
- St. Johns Park, FL: less expensive homes
- Surfside Beach, TX: higher priced homes
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