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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 $424,960, lower than the New York average of $610,895.
The average cost of rent is $1,773/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. In Montgomery, 15.83% of households rent, and 30.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $11,023 per month. Households that rent pay about 16.09% of their income on rent here. Montgomery’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Morrison Heights, NY: equally priced homes
- Collabar, NY: higher priced homes
- Maybrook, NY: less expensive homes
- Kaisertown, NY: less expensive homes
- Walden, NY: less expensive homes
- Lake Osiris Colony, NY: equally priced homes
- Coldenham, NY: less expensive homes
- Bullville, NY: higher priced homes
- Campbell Hall, NY: higher priced homes
- Rock Tavern, NY: equally priced homes
Cities with Similar Populations
- Saddlebrooke, AZ: higher priced homes
- Kingston, RI: higher priced homes
- Kingston, WA: higher priced homes
- Kingstree, SC: less expensive homes
- Kinnelon, NJ: higher priced homes
- Kirby, TX: less expensive homes
- Knoxville, IA: less expensive homes
- Kosciusko, MS: less expensive homes
- Krum, TX: less expensive homes
- Ruckersville, VA: less expensive homes
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