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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 $190,178, lower than the Pennsylvania average of $288,156.
The average cost of rent is $1,045/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. In Montgomery, 25.27% of households rent, and 42.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $5,908 per month. Households that rent pay about 17.69% of their income on rent here. Montgomery’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dewart, PA: higher priced homes
- Spring Garden, PA: higher priced homes
- Watsontown, PA: higher priced homes
- Montoursville, PA: higher priced homes
- Allenwood, PA: higher priced homes
- Pennsdale, PA: higher priced homes
- Muncy, PA: higher priced homes
- Kenmar, PA: higher priced homes
- New Columbia, PA: equally priced homes
- South Williamsport, PA: equally priced homes
Cities with Similar Populations
- Kayenta, AZ: less expensive homes
- Ironwood, MI: less expensive homes
- Isle Of Palms, SC: higher priced homes
- Islip Terrace, NY: higher priced homes
- Iva, SC: equally priced homes
- Jackson, AL: less expensive homes
- Jackson, CA: higher priced homes
- Jackson, LA: higher priced homes
- James City, NC: higher priced homes
- Jamestown, OH: higher priced homes
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