Montgomery real estate market overview
- Average Monthly Rent: $895
- Home Price/Value Percentage Change: 9.00%
- Median Home Value: $133,019
- Best Time To Sell a Home: November
- Affordability Index: High
- Days To Sell a House: 48
- Job Market: Weak
- Public School Ranking: 42
Location and weather
Montgomery resides in Montgomery County, on the Alabama River. It's near the coastal side of the Gulf of Mexico, and has the second largest population in the state. Montgomery is described as a pleasant environment for its residents. It's a family-friendly city, that has a strong historic culture. Amongst the many sights and landmarks that reside here, some popular ones include Legacy Museum, Rosa Park Library Museum, or the Civil Rights Memorial Center.
For those interested in something more social, there are also many concerts, shows, and boat tours this city offers as well. If you're just visiting Montgomery for the first time, stop by Barefoot Belle for a drink, or the Eastbrook Flea Market & Antique Mall to find some treasures.
Montgomery is partly cloudy year round, with long summers and short winters. During the summer, temperatures are in the high 90's and low 60's. In winter, highs are in the 60's and lows are in the 30's.
Population, job market and cost of living
The population in Montgomery is around 199,055, with a growth rate of -0.26%.
On the other hand, job growth has decreased by -3.93% in the last year. In ten years, it's predicted to have increased by 30.31%. Several major industries here are in government, public school systems, hospitals, automobile manufacturing, and insurance services. Considerable companies to work for in Montgomery include Civil Air Patrol, Alfa, Colonial National Bank, Colonial Bancgroup and the Cape Bank.
The cost of living in Montgomery is less than the national average, with housing being the biggest contributor to its cost. If you have your sights set on Alabama, but aren't sure which city will best suit you, consider looking into the area of Montgomery.
Montgomery real estate market details
- Capitol Heights
- Centennial Hill
- Five Points
- Old Cloverdale
There has been a 9.0% increase in median home value over the last year. As of 2023, the median home value is $133,019.
The best time to sell a home for the highest valued sale is during November. For the quickest sale, homeowners should sell in September.
The top ranked public schools are Loveless Academic Magnet Program High School, Forest Avenue Elementary School, Brewbaker Technology Magnet High School, Baldwin Arts and Academic Magnet and Booker T Washington Magnet High School. This information is based on data measuring academic performance and equity.