Montgomery - AL housing market
The Montgomery metro has a typical home value of $214,806, up 3.8% from a year ago. Homes sell in 27 days on average, a balanced market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.
Montgomery housing market, October 2026
The typical Montgomery home is worth $214,806 as of August 2026, up 0.3% from the prior month, up 0.6% over three months, and up 3.8% from a year ago. Over the past two years values have ranged from $204,416 to $214,806.
Homes are going pending in about 27 days, slower than the 22 days seen three months earlier. There are roughly 1,748 homes for sale, 5% more than a year ago. 24.4% of listings have taken a price cut (up from 22.4% three months ago).
Typical rent is $1,405 a month, up 3.1% year over year, which puts the price-to-rent ratio at 12.7.
At this week's 7.40% mortgage rate with 20% down ($42,961), the typical Montgomery home costs about $1,458 a month including tax and insurance, which needs a household income of roughly $62,500 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($214,806) is the Zillow Home Value Index for the Montgomery - AL metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 3.8% over the past year. In Montgomery - AL, that means a home worth $206,942 last year is now worth roughly $214,806.
The median sale price, what homes actually close for, is $220,665. Homes are selling at 96.7% of list price, meaning buyers have room to negotiate.
Homes listed in Montgomery - AL sit on the market for roughly 27 days before going pending. Shorter = seller's market; longer = buyer's market.
About 24.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 448 new listings hit the market each month in Montgomery - AL. There are currently 1,748 homes for sale, up 5.3% from a year ago.
The typical monthly rent in Montgomery - AL is $1,405, up 3.1% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 12.7x, buying territory (#186 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,190 a month in principal and interest, $215 less than renting before taxes, insurance and upkeep. The two break even at a 9.18% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in AL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Birmingham - AL | $262,563 | +2.4% | 23.0d |
| Huntsville - AL | $315,402 | +1.1% | 26.0d |
| Mobile - AL | $197,078 | +0.4% | 29.0d |
| Tuscaloosa - AL | $241,271 | +0.4% | 30.0d |