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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 $333,270, lower than the Vermont average of $340,025.
The average cost of rent is $996/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. In Montgomery, 14.20% of households rent, and 35.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $7,240 per month. Households that rent pay about 13.75% of their income on rent here. Montgomery’s most expensive areas are in the central 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
- Bakersfield, VT: less expensive homes
- Fairfield, VT: equally priced homes
- East Sheldon, VT: less expensive homes
- East Fairfield, VT: less expensive homes
- Enosburg Falls, VT: less expensive homes
- Sheldon, VT: less expensive homes
- East Enosburg, VT: less expensive homes
- Greens Corners, VT: equally priced homes
- Sanderson Corner, VT: higher priced homes
- North Fairfax, VT: equally priced homes
Cities with Similar Populations
- Groton Long Point, CT: higher priced homes
- Frumet, MO: less expensive homes
- Fryburg, OH: higher priced homes
- Fultonham, OH: less expensive homes
- Gay, NC: less expensive homes
- Gill, MS: less expensive homes
- Glenn Springs, SC: less expensive homes
- Glentivar, CO: higher priced homes
- Golf, IL: higher priced homes
- Goshen, VT: less expensive homes
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