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 $197,974, higher than the Indiana average of $175,617.
The average cost of rent is $699/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. While nearly 38.01% of residents own their homes outright in Montgomery, 15.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $6,245 per month. Households that rent pay about 11.19% of their income on rent here. Montgomery's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Cannelburg, IN: equally priced homes
- Washington, IN: less expensive homes
- Glendale, IN: less expensive homes
- Loogootee, IN: less expensive homes
- Whitfield, IN: less expensive homes
- Epsom, IN: equally priced homes
- South Washington, IN: less expensive homes
- Scenic Hill, IN: less expensive homes
- Raglesville, IN: equally priced homes
- Plainville, IN: less expensive homes
Cities with Similar Populations
- Black Earth, WI: higher priced homes
- Blasdell, NY: less expensive homes
- Hamer, SC: less expensive homes
- Hookstown, PA: equally priced homes
- El Cenizo, TX: less expensive homes
- Constantia, NY: less expensive homes
- Dewitt, VA: equally priced homes
- North Lewisburg, OH: less expensive homes
- Rayland, OH: less expensive homes
- Prophetstown, IL: less expensive homes
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