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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 $402,924, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,134/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. In Montgomery, 3.66% of households rent, and 37.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $11,305 per month. Households that rent pay about 10.03% of their income on rent here. Montgomery’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Russell, MA: less expensive homes
- Goss Heights, MA: less expensive homes
- Huntington, MA: less expensive homes
- Southampton, MA: higher priced homes
- Loudville, MA: equally priced homes
- Westfield, MA: less expensive homes
- Blandford, MA: less expensive homes
- Mundale, MA: less expensive homes
- Westhampton, MA: equally priced homes
- Easthampton, MA: equally priced homes
Cities with Similar Populations
- Green Center, IN: less expensive homes
- Stoutsville, MO: less expensive homes
- Harrisburg, IN: less expensive homes
- Hanover, WI: less expensive homes
- Hannah, SC: less expensive homes
- Hannah, GA: less expensive homes
- Hamilton, WA: higher priced homes
- Groos, MI: less expensive homes
- Green Valley, TX: higher priced homes
- Sugar Grove, MI: less expensive homes
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