Montgomery, AL housing market
The typical Montgomery home is worth about $153,000, up 2.1% in a year, 37% below the Alabama typical home. Homes typically sell in 64 days, below asking.
Home values, sales, trends and how Montgomery compares with the towns next door — updated as new data is published.
Montgomery at a glance
A balanced market
About 4.6 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Montgomery | Alabama |
|---|---|---|
| 2017 | $99,000 | $147,000 |
| 2018 | $100,000 | $152,000 |
| 2019 | $103,000 | $158,000 |
| 2020 | $110,000 | $170,000 |
| 2021 | $116,000 | $188,000 |
| 2022 | $134,000 | $215,000 |
| 2023 | $146,000 | $228,000 |
| 2024 | $149,000 | $233,000 |
| 2025 | $151,000 | $238,000 |
| 2026 | $152,000 | $239,000 |
| August 2026 | $153,000 | $242,000 |
503 new homes permitted in 2025
Builders were permitted 503 new homes in Montgomery in 2025: 239 single-family houses and 264 in buildings with two or more homes, worth about $60.4 million to build. That's 2.5 per 1,000 residents, slower than across Alabama (5.4). Over the past 10 years, Montgomery has permitted 3,014 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Montgomery's population fell by 5,161 even though 3,565 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Alabama: 1.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 186 | 184 | 2 | $33.3 million |
| 2025 | 503 | 239 | 264 | $60.4 million |
| 2024 | 251 | 212 | 39 | $46.5 million |
| 2023 | 331 | 227 | 104 | $63.2 million |
| 2022 | 275 | 271 | 4 | $52.7 million |
| 2021 | 282 | 261 | 21 | $45.6 million |
| 2020 | 297 | 284 | 13 | $43.3 million |
| 2019 | 263 | 257 | 6 | $40.3 million |
| 2018 | 241 | 241 | 0 | $35.7 million |
| 2017 | 260 | 260 | 0 | $38.9 million |
| 2016 | 311 | 231 | 80 | $46 million |
| 2015 | 528 | 260 | 268 | $71.1 million |
| 2014 | 571 | 297 | 274 | $73.5 million |
| 2013 | 265 | 265 | 0 | $41.4 million |
| 2012 | 218 | 218 | 0 | $30.4 million |
| 2011 | 288 | 174 | 114 | $36.9 million |
| 2010 | 620 | 197 | 423 | $46.5 million |
| 2009 | 187 | 187 | 0 | $23.2 million |
| 2008 | 286 | 278 | 8 | $36.8 million |
| 2007 | 1,321 | 619 | 702 | $120.5 million |
| 2006 | 885 | 879 | 6 | $109.8 million |
| 2005 | 1,481 | 939 | 542 | $147.5 million |
| 2004 | 1,136 | 850 | 286 | $118.9 million |
| 2003 | 1,067 | 762 | 305 | $104.7 million |
| 2002 | 910 | 870 | 40 | $93.7 million |
| 2001 | 801 | 777 | 24 | $86.5 million |
| 2000 | 787 | 763 | 24 | $81.9 million |
How Montgomery ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Montgomery and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Montgomery | $153K | +2.1% | $1,060 | 503 | $56,811 |
| Pike Road | $407K | +2.1% | $1,390 | 209 | $117,091 |
2.7 years of income
The typical Montgomery home costs about 2.7 years of the town's median household income, less than across Alabama (3.8 years).
How Montgomery ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,060
HUD's Fair Market Rent for a two-bedroom in Montgomery is $1,060 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Montgomery pay a median of $1,089. A two-bedroom takes about 22% of the town's median household income.
Studio $880 · 4 bedrooms $1,640
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (36064, 36104, 36105, 36106, 36108, 36109 and 4 more; Montgomery, AL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.