The housing market in Montgomery, IN is strong with a median value of $187,300. This is significantly lower than the US median of $338,100. However, homeowners in Montgomery still benefit from a healthy housing market with a 1 year appreciation rate of 8.45% compared to the US 1 year appreciation rate of 8.27%. The slightly higher appreciation rate in Montgomery suggests that now may be an ideal time for potential buyers to look into investing in this area.
The median home cost in Montgomery is $187,300. Home appreciation the last 10 years has been 63.6%. Home Appreciation in Montgomery is up 13.8%.
Average Age of Homes
- The median age of Montgomery real estate is 47 years old
The Rental Market in Montgomery
- Renters make up 23.1% of the Montgomery population
- 1.8% 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.