Montgomery housing market
Typical home value
$212K
▲ 3.6% 1 yr
Typical rent
$1,383/mo
▲ 3.1% 1 yr
12-month forecast
+2.0%
#270 of 546 metros
Gross rent yield
7.8%
#60 of 546 · U.S. 6.3%
Days to pending
60 days
▲ +9 days 1 yr
Listings with a price cut
24%
▲ +0.6 pts 1 yr
Key takeaways
- 1The typical home is worth $212,437, up 3.6% in a year and up 24% over five years.
- 2Zillow forecasts home values rising 2.0% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,383/mo (+3.1% YoY), a 7.8% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,167/mo in principal and interest, $216 less than renting.
- 5Homes go under contract in 60 days (+9 days vs last year); 24% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 53/100, #99 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Montgomery compares
| Measure | Montgomery | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.6% | +1.2% | #150 |
| Home value, 5-yr change | +23.8% | +19.7% | |
| 12-month forecast | +2.0% | +1.1% | #270 |
| Rent, 1-yr change | +3.1% | +2.7% | #290 |
| Gross rent yield | 7.8% | 6.3% | #60 |
| Price-to-rent ratio | 12.8 | 15.8 | |
| Mortgage P&I on typical home | $1,167 | $2,012 | |
| Income needed to buy | $58,224 | $100,902 | |
| Days to pending | 60 | 56 |
Cities in the Montgomery metro
4 cities with home value and rent data.
| Montgomery | $150K | ▲ 1.7% | $1,305 | ▲ 2.4% | 10.4% |
| Prattville | $266K | ▲ 3.2% | $1,700 | ▲ 6.7% | 7.7% |
| Millbrook | $223K | ▲ 4.0% | $1,408 | ▲ 5.5% | 7.6% |
| Pike Road | $404K | ▲ 1.9% | $1,726 | ▲ 3.6% | 5.1% |
Run the numbers
Rental property calculator
Cash flow on a typical Montgomery rental ($212K, $1,383/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Montgomery home.
Rent vs buy
Is it cheaper to rent or buy in Montgomery?
Other Alabama metros
Birmingham, AL
$261K home$1,404 rent6.5% yield
▲ 2.4% 1 yr
Huntsville, AL
$314K home$1,387 rent5.3% yield
▲ 1.1% 1 yr
Mobile, AL
$195K home$1,280 rent7.9% yield
▲ 0.5% 1 yr
Tuscaloosa, AL
$239K home$1,668 rent8.4% yield
▲ 0.6% 1 yr
Daphne, AL
$371K home$1,701 rent5.5% yield
▲ 0.1% 1 yr
Auburn, AL
$351K home$1,595 rent5.5% yield
▲ 4.1% 1 yr
Decatur, AL
$227K home$1,082 rent5.7% yield
▲ 0.6% 1 yr
Florence, AL
$215K home$1,073 rent6.0% yield
▲ 2.9% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.