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Montgomery

Learn about the people, housing, costs and businesses in Montgomery

Median Home$198,498
Median Rent$1,140/month
Population386,024
Leading IndustryRetail13% of local workforce
Home Value Growth⬆⬆+14.3% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners65% of occupied units
NotableVeteran Community9% of residents · top 18% nationally
Montgomery

Frequently Asked Questions

What are today's mortgage rates in Montgomery?

Mortgage rates for Montgomery are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Montgomery
What is the median home price in Montgomery?

The median home value in Montgomery is $198k. The median monthly rent is $1,140. Annual property taxes average $686. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montgomery?

Home values in Montgomery have increased 14.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Montgomery?

Based on a typical all-in ownership cost of $1,086/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montgomery is $70k/year.

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What industries drive the economy in Montgomery?

The largest employment sectors in Montgomery are public administration (21%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.