Expensive
Affordable
Affordable
Colorblind friendly
off
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 $377,119, higher than the Iowa average of $226,062.
The average cost of rent is $1,003/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. In Montgomery, 5.02% of households rent, and 48.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $10,225 per month. Households that rent pay about 9.81% of their income on rent here. Montgomery’s most expensive areas are in the eastern 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
- Triboji Beach, IA: higher priced homes
- Lake Park, IA: less expensive homes
- Spirit Lake, IA: less expensive homes
- Orleans, IA: higher priced homes
- Wahpeton, IA: higher priced homes
- Okoboji, IA: equally priced homes
- Arnolds Park, IA: equally priced homes
- West Okoboji, IA: higher priced homes
- Milford, IA: less expensive homes
- Old Town, IA: less expensive homes
Cities with Similar Populations
- Shorewood-Tower Hills-Harbert, MI: less expensive homes
- Lemert, OH: less expensive homes
- Lemhi, ID: less expensive homes
- Leolyn, PA: less expensive homes
- Leon Junction, TX: less expensive homes
- Leonard, AR: less expensive homes
- Libby, OR: less expensive homes
- Lickskillet, OH: less expensive homes
- Sharon, LA: less expensive homes
- Shawnee Mound, MO: less expensive homes
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