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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 $425,048, higher than the Texas average of $322,096.
The average cost of rent is $1,512/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. In Montgomery, 14.81% of households rent, and 38.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $9,719 per month. Households that rent pay about 15.56% of their income on rent here. Montgomery’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Willis, TX: less expensive homes
- Panorama Village, TX: less expensive homes
- Honea, TX: equally priced homes
- Dobbin, TX: less expensive homes
- Conroe, TX: less expensive homes
- Todd Mission, TX: equally priced homes
- Plantersville, TX: less expensive homes
- Stoneham, TX: less expensive homes
- Cut and Shoot, TX: less expensive homes
- Yarboro, TX: less expensive homes
Cities with Similar Populations
- Athens, AL: less expensive homes
- Blacksburg, VA: equally priced homes
- Carmichael, CA: higher priced homes
- Catalina Foothills, AZ: higher priced homes
- Ceres, CA: equally priced homes
- Chambersburg, PA: less expensive homes
- Covington, LA: less expensive homes
- Diamond Bar, CA: higher priced homes
- Redford, MI: less expensive homes
- Union, NJ: equally priced homes
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