The housing market in Montgomery, TX is a strong one. The median value of houses in the area is currently $398,800 which is higher than the US median house value of $338,100. This year, the US house appreciation rate was 8.27%, but Montgomery, TX saw an even larger increase of 15.68%. This shows that Montgomery is a great place to invest in real estate and that there is significant potential for growth in home values.
The median home cost in Montgomery is $398,800. Home appreciation the last 10 years has been 111.6%. Home Appreciation in Montgomery is up 23.0%.
Average Age of Homes
- The median age of Montgomery real estate is 16 years old
The Rental Market in Montgomery
- Renters make up 22.1% of the Montgomery population
- 4.7% 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.