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Montgomery, AL—36107

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$67,000
3.1% YoY Growth
Household Income
$31,900
3.6% YoY Growth
Days on Market
68
3.0% Shorter YoY
Home Price Forecast
0.8%
Median Rent
$1,020
15.3% YoY Growth
1-Bed Rent
$750
29.5% YoY Growth
2-Bed Rent
$1,000
15.4% YoY Growth
3-Bed Rent
$1,020
5.9% YoY Growth

Other Zip Codes in Montgomery, AL

361083611736116361043610536106361113611036109
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Montgomery, AL

As of Dec '25, the median home price in Montgomery, AL is $67,000, with a year-over-year change of -3.1%. This indicates that home prices in Montgomery, AL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$67,000-3.1%
Single Family $67,000-1.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$58,000-1.7%
    3 Bed
    		$82,000-3.5%
    4 Bed
    		$112,0002.8%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    12.3%
    2 Bedrooms
    34.7%
    3 Bedrooms
    44.3%
    4 Bedrooms
    6.8%
    5+ Bedrooms
    0.8%

    Rental Trends — Montgomery, AL

    As of July '25, Rentcast reports the average rent in Montgomery, AL is $1,080, with a year-over-year rent change of 15.3%. Per bedroom, the median rent as of July '25 in Montgomery, AL is 1-bedrooms: $918, 2-bedrooms: $1,010, 3-bedrooms: $1,070, 4-bedrooms: $1,410. The most common rental property sizes in Montgomery, AL are 3-bedroom and 2-bedroom, accounting for 36.6% and 35.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,020$1,080
    Studio Rent N/AN/A
    1 Bed Rent $750$918
    2 Bed Rent $1,000$1,010
    3 Bed Rent $1,020$1,070
    4 Bed Rent $1,450$1,410
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    % of Rental Stock

    Studio
    1.6%
    1 Bedroom
    18.5%
    2 Bedrooms
    35.6%
    3 Bedrooms
    36.6%
    4 Bedrooms
    7.1%
    5+ Bedrooms
    0.8%

    Property Listings — Montgomery, AL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Montgomery, AL is 58. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$101,000-6.0%
    Listing Count
    		51-5.0%
    Listings as % of Homes1.1%-5.0%
    Days on Market
    		68-3.0%
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    Demographics — Montgomery, AL

    As of the latest ACS Survey released in 2023, Montgomery, AL has a population of 8,060, which has increased by 4.9% over the past 5 years. Montgomery, AL is a popular place for families, as children make up 30.6% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,0604.9%
    % Under 18
    		30.6%15.5%
    % Seniors
    		14.2%4.4%
    % WFH
    		11.0%83.3%
    % w/ College Degree
    		17.5%-17.1%
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    As of the latest ACS Survey released in 2023, Montgomery, AL is a predominantly black area, with 43.1% of the population identifying as black. The black population has shrunk by 16.0% in the last 5 years. The second most common race or ethnicity in Montgomery, AL is white, making up 27.2% of the population. Foreign-born residents account for 10.7% of the population in Montgomery, AL, and this percentage has increased by 214.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		27.2%-32.0%
    % Black
    		43.1%-16.0%
    % Hispanic
    		23.4%212.0%
    % Asian
    		0.8%166.7%
    % Foreign Born
    		10.7%214.7%
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    Mortgage and Risk — Montgomery, AL

    According to HUD data as of 2023, there were 48 mortgage originations in Montgomery, AL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Montgomery, AL. Investor activity is high, as 23.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		48
    % Conventional Loans
    		65.0%
    % Government Loans
    		35.0%
    % Investor Loans
    		23.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Montgomery, AL

    As of 2024, the percent of homes in Montgomery, AL under the Section 8 program is 14.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Montgomery, AL, because HUD payments exceed market rent, while 2-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		367
    Total Units Section 8
    		294
    % Rentals under Section 8
    		14.9%
    % Occupied Section 8
    		97.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$80$750$830
    2 Bedroom-$10$1,000$990
    3 Bedroom$230$1,020$1,250
    4 Bedroom$130$1,450$1,580

    Affordability — Montgomery, AL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.2
    Median Home Price$67,000
    Median Household Income$31,900

    Montgomery, AL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Montgomery, AL

    36106

    Montgomery, AL

    36109

    Montgomery, AL

    36104

    Johnstown, AL

    36115

    Montgomery, AL

    36111

    Frequently Asked Questions