Montgomery County, Alabama Housing Market Prices
Montgomery County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 4% above the Alabama median$167,433
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Median rent 8% above the Alabama median More expensive than 92% of counties in Alabama$1,092
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,433 | $160,474 | $248,835 |
| Price Trend (Annual %) | 9.0% | 6.3% | 7.5% |
| Median Gross Rent | $1,092 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 4% higher than in Alabama. Rent is about 8% higher than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Montgomery County, up about 9.0% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Montgomery County rose about 34.2% between 2015 and 2024, from $814 to $1,092. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Montgomery County.
Buying the median-priced home in Montgomery County costs roughly 12.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Montgomery County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Montgomery County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,433 | $160,474 | $248,835 |
| Median Household Income | $59,332 | $64,544 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County rose about 100.5%, while median household income rose about 34.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Montgomery County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.7% | 60.0% | 58.5% |
| Rental Rate | 36.4% | 25.5% | 31.2% |
| Vacancy Rate | 13.9% | 14.5% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Montgomery County has a homeownership rate of 49.7%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 13.9%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Montgomery County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1982 | 1985 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Montgomery County was built around 1982. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Montgomery County, AL Housing Compared With Nearby Counties
Montgomery County, AL is the largest of the 4 counties compared here, 226,670 residents against a local median of 32,986. Montgomery County, AL's median home price, at $167,433, runs 173% above the $61,221 typical of the counties around it.
Median rent tells the same story from another angle: $1,092 against a local median of $855, 28% above it. The one measure here that carries a verdict is homeownership, and at 21% below the local median it puts Montgomery County, AL at the weaker end of the local range. The counties themselves sit within $33,055 of each other on median home price, a tighter band than the gap between any of them and Montgomery County, AL, which makes it a genuine outlier here rather than one end of a wide local spread. Montgomery County, AL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, AL | 226,670 | $167,433 #1/4 | $1,092 #1/4 | 57.8% #4/4 |
| Elmore County, AL | 89,526 | $49,642 | $1,071 | 77.0% |
| Pike County, AL | 32,986 | $82,697 | $855 | 61.3% |
| Crenshaw County, AL | 13,122 | $61,221 | $660 | 73.2% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Alabama.
What is the median home price in Montgomery County, Alabama?
The median home price in Montgomery County, Alabama is $167,433, higher than the Alabama average of $160,474.
What is the average home price in Montgomery County, Alabama?
The typical home price in Montgomery County, Alabama, reported as the median sale price, is $167,433. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Montgomery County, Alabama?
The median gross rent in Montgomery County, Alabama is $1,092 per month, higher than the Alabama average of $1,007.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Alabama was $908 per month.
What is the price-to-rent ratio in Montgomery County, Alabama?
The price-to-rent ratio in Montgomery County, Alabama is about 12.8, meaning it would take roughly 12.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Montgomery County.
Are home prices or rent rising faster in Montgomery County, Alabama?
Both home prices and rent are rising in Montgomery County, up about 9.0% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Montgomery County, Alabama?
49.7% of households in Montgomery County, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Montgomery County, Alabama?
The housing vacancy rate in Montgomery County, Alabama is 13.9%, lower than the Alabama average of 14.5%.
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