Montgomery
Alabama · Ranked #63 of 373 metros
89Affordable
💡
Housing in Montgomery costs 3.1× the median income, below the national average of 4.5×. The median home price is $193K and median rent is $1,018/month. Montgomery ranks #63 of 373 metros for affordability.
Median Home Price
🏠$193K
Need $57K income
Median Rent
🔑$1,018
Need $41K income
Building Permits
🔨790
annual
Median Income
💰$62K
Pop: 389,433
Rent Burden
⚠️24.2%
of renters paying >30%
Homeownership
🏡65.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Montgomery | National |
|---|---|---|
| Price-to-Income Ratio | 3.1x | 6.1x |
| Rent Burden | 24.2% | 31.5% |
| Homeownership Rate | 65.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +53.1%Since 2000: +99.7%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$860/mo
1 Bedroom$870/mo
2 Bedroom$1,016/mo
3 Bedroom$1,304/mo
4 Bedroom$1,537/mo
Zillow Market Data
Home Value (ZHVI)
$207K
1yr: +2.5%5yr: +30.8%
Rent (ZORI)
$1,382/mo
1yr: +4.1%5yr: +36.4%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$149K
Active Inventory
34
Days on Market
93
Sold Above List
0.0%
Price Drops
17.6%