Zip 36116 (Montgomery, AL) Housing

The housing in 36116 Montgomery, AL has a median value of $123,000, which is significantly lower than the US House Median Value of $338,100. However, the 1 year house appreciation in 36116 Montgomery, AL is 13.14%, higher than the US 1 year House Appreciation of 8.27%. This indicates that housing prices in this area are continuing to rise despite being lower than average across the US. It is an attractive area for those looking to purchase a home and benefit from rising prices in the region.

The median home cost in Montgomery (zip 36116) is $123,000. Home appreciation the last 10 years has been 41.9%. Home Appreciation in Montgomery (zip 36116) is up 16.6%.

Average Age of Homes

- The median age of Montgomery (zip 36116) real estate is 35 years old

The Rental Market in Montgomery (zip 36116)

- Renters make up 40.1% of the Montgomery (zip 36116) population
- 5.6% of houses and apartments in Montgomery (zip 36116), 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
	19,932.0	139,647,020.0
	38	42
	$123,000	$338,100
	16.6%	16.6%
	44.6%	57.0%
	41.9%	101.1%
	$3.65	$10.98
	$413	$2,690
	40.0%	57.4%
	13.6%	11.2%
	46.4%	31.4%
Vacant Housing
	5.6%	1.9%
	0.3%	0.4%
	0.1%	0.7%
	0.1%	0.4%
	0.8%	3.6%
	6.8%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	1.1%	2.4%
	6.1%	2.8%
	15.9%	3.9%
	16.8%	4.5%
	26.7%	11.3%
	10.3%	13.0%
	9.3%	20.1%
	6.7%	13.6%
	2.5%	8.3%
	1.1%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.9%	13.6%
	11.9%	13.6%
	17.3%	13.6%
	18.5%	13.2%
	27.9%	14.8%
	17.3%	13.6%
	2.1%	10.0%
	1.0%	4.7%
	0.8%	12.2%

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