City · 197,494 residents · Montgomery County, Alabama
Montgomery, Alabama
In Montgomery, a typical home is worth $161,900 and typical rent is $1,089 a month. Compared with all of Montgomery County, the typical home value is 6% lower.
Typical home value from Zillow, September 2021 to September 2026: from $124,681 to $149,943.
Typical rent
$1,305a month
▲ 2.4% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,025 to $1,305.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Montgomery is in Montgomery County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Montgomery County. See the county
What homes there are in Montgomery, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Montgomery
Montgomery County
Alabama
United States
Kind of home: Montgomery and its comparisons
Measure
Montgomery
Montgomery County
Alabama
United States
Detached house
69%
70%
69%
61%
Attached house
3%
3%
2%
6%
Building of 2 to 4
6%
5%
5%
8%
Apartments (5 or more)
20%
18%
12%
19%
Mobile home
2%
4%
12%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is the most common home in Montgomery: 69% of homes, near the figure in Montgomery County (70%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Montgomery
Montgomery County
Alabama
United States
Year built: Montgomery and its comparisons
Measure
Montgomery
Montgomery County
Alabama
United States
Before 1960
22%
20%
16%
26%
1960–1979
33%
31%
26%
24%
1980–1999
28%
28%
29%
25%
2000–2009
10%
12%
15%
14%
2010 or later
6%
9%
13%
11%
By age, homes in Montgomery look like those in Montgomery County: the typical year built is 1978.
In Montgomery, 67% of homes have 3 bedrooms or more, about the same as in Montgomery County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K27%
$100K–$200K35%
$200K–$300K18%
$300K–$500K14%
$500K–$750K4%
FHA limit: $541,287
$750K–$1M1%
$1M or more1%
Value of owner-occupied homes: Montgomery and its comparisons
Measure
Montgomery
Under $100K
27%
$100K–$200K
35%
$200K–$300K
18%
$300K–$500K
14%
$500K–$750K
4%
$750K–$1M
1%
$1M or more
1%
About 95% of owner-occupied homes in Montgomery are worth less than the FHA loan limit for Montgomery County ($541,287).
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5005%
$500–$99936%
$1,000–$1,49944%
HUD fair market rent, 2 bedrooms: $1,150
$1,500–$1,99911%
$2,000–$2,4993%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Montgomery and its comparisons
Measure
Montgomery
Under $500
5%
$500–$999
36%
$1,000–$1,499
44%
$1,500–$1,999
11%
$2,000–$2,499
3%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent (FMR) for Montgomery County is $1,150: about 54% of rents in Montgomery are below it.
With a mortgage
$1,307 a month
Montgomery County: $1,367 a month
Without a mortgage
$445 a month
Montgomery County: $451 a month
Owners with a mortgage
62%
Montgomery County: 62%
Owning costs about the same in Montgomery as in Montgomery County: with a mortgage, $1,307 a month; without one, $445.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Montgomery+34%
Montgomery County+32%
Alabama+47%
United States+53%
Typical rent
Montgomery+24%
Montgomery County+24%
Alabama+27%
United States+33%
Typical household income
Montgomery+18%
Montgomery County+19%
Alabama+27%
United States+29%
Change since 2015–2019: Montgomery and its comparisons
Measure
Montgomery
Montgomery County
Alabama
United States
Typical home value
+34%
+32%
+47%
+53%
Typical rent
+24%
+24%
+27%
+33%
Typical household income
+18%
+19%
+27%
+29%
The typical home value in Montgomery rose 34% since 2015–2019, about the same as in Montgomery County (32%).
Much as in Montgomery County, the typical rent in Montgomery rose 24% since 2015–2019.
Housing prices ran ahead of income in Montgomery: typical income rose 18%, against +34% for home values and +24% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Montgomery and its comparisons
Measure
Montgomery
Montgomery County
Alabama
United States
Rental vacancy
8.5%
8.2%
7.2%
5.5%
Homeowner vacancy
1.3%
1.2%
1.1%
0.9%
More than one person per room
2.6%
2.5%
1.7%
3.4%
People per household
2.34
2.39
2.48
2.53
Drive alone
80%
80%
81%
69%
Carpool
10%
9%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
1%
1%
1%
3%
Work from home
8%
8%
9%
15%
Other means
1%
1%
1%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Much as in Montgomery County, the rental vacancy rate in Montgomery is 8.5%.
More than one person per room: that is how 2.6% of households in Montgomery live, near the figure in Montgomery County (2.5%).
Much as in Montgomery County, a household in Montgomery has 2.34 people on average.
To get to work, 80% of workers in Montgomery drive alone; in Montgomery County, 80%.
Do the math
What would you pay each month for a home in Montgomery?
A typical home is within reach of the typical income
We start with a typical home in Montgomery, worth $161,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Montgomery, which is $56,811 a year.
The calculator's FHA and conventional loan limits are those of all of Montgomery County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Montgomery. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,667 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,270
at 7.18% · 30 years
Loan amount
$158,967
Total interest
$228,716
Paid off in
November 2056
Includes $2,734 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,326 a month
Your payment · 27%
Tight
$1,326 to $1,704 a month
Hard
more than $1,704 a month
Compared with the typical household income in Montgomery ($56,811 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,077
Property tax
$54
Home insurance
$68
FHA mortgage insurance (MIP)
$72
You need at least $5,667 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,270; principal and interest $1,077.
The city and its county
Montgomery and Montgomery County
Montgomery is in Montgomery County, Alabama. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Montgomery
Map of Montgomery County, Alabama, with Montgomery marked. Around it, the neighboring counties.
Montgomery
Montgomery County
Other cities with a page
Montgomery's own numbers
Typical home value
$161,900
Typical monthly rent
$1,089
Typical yearly household income
$56,811
Households that own their home
54%
Effective property tax rate
0.4%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Montgomery County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,150
Price change over 5 years (FHFA)
+36%
Homes in a high flood-risk zone
3.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Montgomery County.
A typical home in Montgomery is worth $161,900: 6% below the county and 23% below Alabama. With the typical household income in Montgomery ($56,811 a year), a typical home costs 2.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Montgomery2.8 years
County2.9 years
Alabama3.3 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Montgomery County
According to FHFA’s house price index, home prices in Montgomery County rose 46% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Montgomery County.
Yearly change in FHFA’s price index in Montgomery County, 2016 to 2025
2016: −0.2% −0.2% 2016
2017: +0.3% +0.3% 2017
2018: +0.3% +0.3% 2018
2019: +2.9% +2.9% 2019
2020: +4.1% +4.1% 2020
2021: +7.8% +7.8% 2021
2022: +13.1% +13.1% 2022
2023: +5.4% +5.4% 2023
2024: +4.0% +4.0% 2024
2025: +1.4% +1.4% 2025
Change in FHFA’s price index in Montgomery County, Alabama and the United States
Period
County
Alabama
U.S.
Last year (2025)
+1.4%
+2.5%
+2.9%
5 years (2020–2025)
+36%
+47%
+47%
10 years (2015–2025)
+46%
+77%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Montgomery next to Montgomery County, Alabama and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Montgomery$161,900
County$171,900
Alabama$209,900
United States$332,700
Typical monthly rent
Montgomery$1,089
County$1,092
Alabama$1,007
United States$1,413
Typical yearly household income
Montgomery$56,811
County$59,386
Alabama$63,999
United States$80,734
See the full table
Montgomery next to Montgomery County and Alabama
Measure
Montgomery
Montgomery County
Alabama
U.S.
Typical home value
$161,900 ▼6% below the county
$171,900
$209,900
$332,700
Typical monthly rent
$1,089
$1,092
$1,007
$1,413
Typical yearly household income
$56,811 ▼4% below the county
$59,386
$63,999
$80,734
Households that own their home
54% ▼3 points below the county
58%
70%
65%
Typical yearly property tax
$643 ▼8% below the county
$702
$788
$3,119
Effective property tax rate
0.4% ▼0.01 points below the county
0.41%
0.38%
0.94%
Renters with high rent for their income
54%
53%
49%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Montgomery County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Montgomery
For a typical $161,900 home in Montgomery, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Montgomery's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,270a month
Least cash to close
Down payment
$5,667
Cash to close
$10,524
Rate
7.18%
Mortgage insurance
FHA MIP · $72
Conventional, 5% down$1,240a month
Down payment
$8,095
Cash to close
$12,952
Rate
7.18%
Mortgage insurance
PMI · $77
Conventional, 20% down, no PMI$999a month
Down payment
$32,380
Cash to close
$37,237
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,149a month
Down payment
$24,285
Cash to close
$29,142
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Montgomery
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,270
$5,667
$158,968
7.18%
FHA MIP · $72
$10,524
580
Conventional, 5% down
$1,240
$8,095
$153,805
7.18%
PMI · $77
$12,952
620*
Conventional, 20% down, no PMI
$999
$32,380
$129,520
7.18%
None
$37,237
620*
ITIN, 15% down (example)
$1,149
$24,285
$137,615
8.18%
None
$29,142
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Montgomery is $1,089 a month: about the same as the county. In Montgomery, 54% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Montgomery County, by unit size. To pay the 2-bedroom one ($1,150 a month) without spending more than 30% of your income, you would need to earn $22.12 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Montgomery County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$986
$18.96
$39,440
1 bedroom
$1,003
$19.29
$40,120
2 bedrooms
$1,150
$22.12
$46,000
3 bedrooms
$1,476
$28.38
$59,040
4 bedrooms
$1,708
$32.85
$68,320
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Montgomery
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Montgomery has 15 ZIP codes with their own.
For 2 bedrooms it runs from $920 in 36104 to $1,730 in 36113.
7 of the 15 are above the fair market rent for Montgomery County ($1,150).
2-bedroom fair market rent in each of the 15 ZIP codes of Montgomery, beside the one for Montgomery County. For 2 bedrooms it runs from $920 in 36104 to $1,730 in 36113. 7 of the 15 are above the fair market rent for Montgomery County ($1,150).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,150
Lowest: $920 (36104)Highest: $1,730 (36113)
Fair market rent by ZIP code and size in Montgomery, fiscal year 2027.
36057
$1,110
$1,130
$1,290
$1,660
$1,920
36101
$800
$810
$930
$1,190
$1,380
36104
$790
$800
$920
$1,180
$1,370
36106
$1,050
$1,060
$1,220
$1,570
$1,810
36107
$830
$850
$970
$1,250
$1,440
36108
$790
$800
$920
$1,180
$1,370
36109
$1,010
$1,030
$1,180
$1,510
$1,750
36111
$960
$980
$1,120
$1,440
$1,660
36112
$1,030
$1,050
$1,200
$1,540
$1,860
36113
$1,480
$1,510
$1,730
$2,220
$2,570
36114
$980
$990
$1,140
$1,460
$1,690
36115
$1,300
$1,330
$1,520
$1,950
$2,260
36116
$980
$990
$1,140
$1,460
$1,690
36117
$1,110
$1,130
$1,290
$1,660
$1,920
36130
$980
$990
$1,140
$1,460
$1,690
ZIP code2 bd3 bd
36057 $1,290$1,660
36101 $930$1,190
36104 $920$1,180
36106 $1,220$1,570
36107 $970$1,250
36108 $920$1,180
36109 $1,180$1,510
36111 $1,120$1,440
36112 $1,200$1,540
36113 $1,730$2,220
36114 $1,140$1,460
36115 $1,520$1,950
36116 $1,140$1,460
36117 $1,290$1,660
36130 $1,140$1,460
4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Montgomery when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 61 buildings with rents for lower incomes in Montgomery. These are the largest.
Gibbs Village1978 Gibbs Dr, Montgomery 36108314 low-income homes · Run by Housing Authority of the City of Montgomery · Average payment: $228 a month · Average wait: 55 months · Homes at several sites(334) 206-7255
Bristol Downs Apts4132 Carmichael Rd, Montgomery 36106230 low-income homes · Studio: 17 · 1 bd: 94 · 2 bd: 102 · 3 bd: 15 · 4 bd: 2 · In service since 2007 · For people with disabilities, families
Paterson Court1000 S Union St, Montgomery 36104200 homes, 198 low-income · Run by Housing Authority of the City of Montgomery · Average payment: $226 a month · Average wait: 52 months(334) 206-7255
Gibbs Village2001 Terminal Rd, Montgomery 36108192 homes, 188 low-income · Run by Housing Authority of the City of Montgomery · Average payment: $250 a month · Average wait: 41 months · Homes at several sites(334) 206-7255
Southlawn Commons100 Windywood Dr, Montgomery 36108176 low-income homes · 1 bd: 32 · 2 bd: 88 · 3 bd: 56 · In service since 2000 · For families
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Montgomery County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Montgomery or Montgomery County. The ones below are statewide in Alabama: they work in Montgomery the same as in the rest of the state.
Alabama state authority program with down payment assistance of 4% of the price (up to $10,000) as a 10-year second mortgage, alongside a 30-year fixed mortgage.Offered by Alabama Housing Finance Authority (AHFA).
Alabama state authority 30-year low-rate mortgage, for first-time buyers and for people who have owned a home before, with down payment assistance of 4% of the price, up to $10,000, as a ten-year second mortgage.Offered by Alabama Housing Finance Authority (AHFA).
Alabama state authority grant for closing costs with an HFA Advantage conventional loan: 1% of the loan if you earn up to 50% of the area median, or half a percent if you earn 50% to 80%.Offered by Alabama Housing Finance Authority (AHFA).
No legal help resource on our list is for Montgomery or Montgomery County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Montgomery and all of Montgomery County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Montgomery?
The typical home value in Montgomery is $161,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Montgomery County it is $171,900.
How much does it cost to rent in Montgomery?
Typical rent in Montgomery is $1,089 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Montgomery County is $1,150.
What is the FHA loan limit in Montgomery?
Montgomery uses the FHA limit for all of Montgomery County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Montgomery?
The typical homeowner in Montgomery pays $643 a year, according to the U.S. Census Bureau. That is 0.4% of the home’s value; in Montgomery County, the rate is 0.41%.
Where can I find free help to buy or rent in Montgomery?
There is 1 HUD-approved counseling agency with an office in Montgomery County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
