The housing market in Montgomery, LA is quite affordable, with the median value being around $86,800. This is substantially lower than the US median value of $338,100. Despite this lower value, however, the US housing market has appreciated by 8.27% over the past year while Montgomery’s housing market has only seen a 1.02% appreciation rate over the same period. While it may not seem attractive for investors looking for a quick return on their investments, it is still an affordable and stable market that could serve as a great option for those looking to purchase or rent a home in the area.
The median home cost in Montgomery is $86,800. Home appreciation the last 10 years has been 41.2%. Home Appreciation in Montgomery is up 10.7%.
Average Age of Homes
- The median age of Montgomery real estate is 29 years old
The Rental Market in Montgomery
- Renters make up 18.5% of the Montgomery population
- 5.3% 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.