Montgomery, MN—56069
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montgomery, MN
As of Oct '25, the median home price in Montgomery, MN is $317,000, with a year-over-year change of 2.1%. This indicates that home prices in Montgomery, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 2.1% |
| Single Family | $319,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | 2.0% |
3 Bed | $314,000 | 1.9% |
4 Bed | $349,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montgomery, MN
As of July '25, Rentcast reports the average rent in Montgomery, MN is $912, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Montgomery, MN is 1-bedrooms: $875, 2-bedrooms: $950. The most common rental property sizes in Montgomery, MN are 3-bedroom and 1-bedroom, accounting for 44.3% and 19.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $912 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $875 |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Montgomery, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Montgomery, MN is 65. This is a decrease of -49.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | 3.0% |
Listing Count | 39 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 65 | -49.0% |
Demographics — Montgomery, MN
As of the latest ACS Survey released in 2023, Montgomery, MN has a population of 4,950, which has increased by 7.0% over the past 5 years. Montgomery, MN is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,950 | 7.0% |
% Under 18 | 22.7% | -9.2% |
% Seniors | 18.9% | 41.0% |
% WFH | 13.1% | 151.9% |
% w/ College Degree | 20.9% | 75.6% |
As of the latest ACS Survey released in 2023, Montgomery, MN is a predominantly white area, with 93.2% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Montgomery, MN is hispanic, making up 3.1% of the population. Foreign-born residents account for 1.8% of the population in Montgomery, MN, and this percentage has decreased by 10.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.2% | 1.3% |
% Black | 0.6% | -57.1% |
% Hispanic | 3.1% | -16.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.8% | -10.0% |
Mortgage and Risk — Montgomery, MN
According to HUD data as of 2023, there were 116 mortgage originations in Montgomery, MN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Montgomery, MN. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Montgomery, MN
Montgomery, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $15 | $875 | $890 |
| 2 Bedroom | $210 | $950 | $1,160 |
| 3 Bedroom | N/A | N/A | $1,620 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — Montgomery, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $317,000 |
| Median Household Income | $81,900 |