The housing market in Montgomery, AL is strong, with the median value being $126,700. This is significantly lower than the US House Median Value of $338,100. Despite this discrepancy however, house appreciation in Montgomery rose by 13.14% over the past year, which is higher than the national average of 8.27%. This suggests that property values in Montgomery are on an upward trend and investing in real estate here could prove to be a wise decision.
The median home cost in Montgomery is $126,700. Home appreciation the last 10 years has been 41.9%. Home Appreciation in Montgomery is up 16.6%.
Average Age of Homes
- The median age of Montgomery real estate is 40 years old
The Rental Market in Montgomery
- Renters make up 37.1% of the Montgomery population
- 4.0% of houses and apartments in Montgomery, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.