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 $235,778, higher than the Iowa average of $182,666.
The average cost of rent is $904/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. While nearly 39.57% of residents own their homes outright in Montgomery, 5.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $8,590 per month. Households that rent pay about 10.52% of their income on rent here. Montgomery's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
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: higher priced homes
- Arnolds Park, IA: higher 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: equally priced homes
- Lickskillet, OH: less expensive homes
- Sharon, LA: less expensive homes
- Shawnee Mound, MO: less expensive homes
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