Montgomery Metro Area, AL Housing

Housing in the Montgomery, AL Metro Area is quite affordable compared to the US median value, with an average of $169,600. The US median house value is approximately double at $338,100. This affordability combined with a higher than average 1 year house appreciation rate of 15.05%, much more than the US average of 8.27%, makes for a very attractive housing market for potential buyers and investors.

The median home cost in Montgomery Metro Area is $169,600. Home appreciation the last 10 years has been 43.9%. Home Appreciation in Montgomery Metro Area is up 15.1%.

Average Age of Homes

- The median age of Montgomery Metro Area real estate is 34 years old

The Rental Market in Montgomery Metro Area

- Renters make up 29.9% of the Montgomery Metro Area population
- 2.7% of houses and apartments in Montgomery Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Montgomery, Alabama	United States
	170,567.0	139,647,020.0
	37	42
	$169,600	$338,100
	15.1%	16.6%
	41.4%	57.0%
	43.9%	101.1%
	$3.58	$10.98
	$515	$2,690
	55.2%	57.4%
	14.1%	11.2%
	30.7%	31.4%
Vacant Housing
	2.7%	1.9%
	0.3%	0.4%
	1.0%	0.7%
	0.6%	0.4%
	2.0%	3.6%
	7.5%	4.1%
Value of Owner-Occupied Housing
	4.6%	2.6%
	3.7%	2.4%
	6.3%	2.8%
	7.2%	3.9%
	9.4%	4.5%
	18.5%	11.3%
	15.4%	13.0%
	18.1%	20.1%
	9.0%	13.6%
	3.5%	8.3%
	2.8%	9.7%
	0.8%	3.9%
	0.3%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	15.7%	13.6%
	15.7%	13.6%
	18.1%	13.6%
	12.4%	13.2%
	17.9%	14.8%
	18.1%	13.6%
	8.2%	10.0%
	3.0%	4.7%
	4.8%	12.2%

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