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 $105,699, lower than the Michigan average of $196,062.
The average cost of rent is $839/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. While nearly 41.73% of residents own their homes outright in Montgomery, 12.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $3,958 per month. Households that rent pay about 21.20% of their income on rent here. Montgomery's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Clear Lake, IN: higher priced homes
- Canada Shores, MI: higher priced homes
- Reading, MI: higher priced homes
- Crystal Beach, MI: higher priced homes
- Fremont, IN: higher priced homes
- Kinderhook, MI: higher priced homes
- Camden, MI: higher priced homes
- Cambria, MI: higher priced homes
- Quincy, MI: higher priced homes
- Berlien, IN: higher priced homes
Cities with Similar Populations
- Otter Lake, MI: higher priced homes
- Greenwood, WI: higher priced homes
- Hanapepe, HI: higher priced homes
- Hypoluxo, FL: higher priced homes
- Jonesboro, IN: less expensive homes
- Alford, FL: higher priced homes
- Mesick, MI: higher priced homes
- Midland, VA: higher priced homes
- Nice, CA: higher priced homes
- Odon, IN: higher priced homes
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