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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 $250,255, higher than the Indiana average of $232,932.
The average cost of rent is $856/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. In Montgomery, 11.55% of households rent, and 52.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $7,121 per month. Households that rent pay about 12.02% of their income on rent here. Montgomery’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cannelburg, IN: equally priced homes
- Washington, IN: less expensive homes
- Glendale, IN: equally priced 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: less expensive homes
- El Cenizo, TX: less expensive homes
- Constantia, NY: less expensive homes
- Dewitt, VA: higher priced homes
- North Lewisburg, OH: less expensive homes
- Rayland, OH: less expensive homes
- Prophetstown, IL: less expensive homes
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