Montgomery, MI—49255
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montgomery, MI
As of Oct '25, the median home price in Montgomery, MI is $164,000, with a year-over-year change of 3.2%. This indicates that home prices in Montgomery, MI are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $164,000 | 3.3% |
| Single Family | $164,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montgomery, MI
Montgomery, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Montgomery, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Montgomery, MI is 44. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $314,000 | 45.0% |
Listing Count | 9 | -4.0% |
| Listings as % of Homes | 1.1% | -4.0% |
Days on Market | 44 | -9.0% |
Demographics — Montgomery, MI
As of the latest ACS Survey released in 2023, Montgomery, MI has a population of 2,150, which has decreased by -18.0% over the past 5 years. Montgomery, MI is a popular place for families, as children make up 36.3% of the population. The area has a poorly educated workforce, with 10.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,150 | -18.0% |
% Under 18 | 36.3% | -16.0% |
% Seniors | 11.8% | 8.3% |
% WFH | 8.6% | 3.6% |
% w/ College Degree | 10.3% | 94.3% |
As of the latest ACS Survey released in 2023, Montgomery, MI is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Montgomery, MI is hispanic, making up 4.7% of the population. Foreign-born residents account for 0.3% of the population in Montgomery, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.2% | -5.2% |
% Black | 0.0% | N/A |
% Hispanic | 4.7% | 327.3% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 0.3% | 0.0% |
Mortgage and Risk — Montgomery, MI
Montgomery, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Montgomery, MI
Montgomery, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Montgomery, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $164,000 |
| Median Household Income | $48,100 |