Montgomery - AL housing market
The Montgomery metro has a typical home value of $212,437, up 3.6% from a year ago. Homes sell in 28 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 $212,437 as of September 2026, up 0.1% from the prior month, up 0.6% over three months, and up 3.6% from a year ago. Over the past two years values have ranged from $202,276 to $212,437.
Homes are going pending in about 28 days, slower than the 24 days seen three months earlier. There are roughly 1,736 homes for sale, 4% more than a year ago. 24.2% of listings have taken a price cut (up from 23.9% three months ago).
Typical rent is $1,382 a month, up 3.0% year over year, which puts the price-to-rent ratio at 12.8.
At this week's 7.40% mortgage rate with 20% down ($42,487), the typical Montgomery home costs about $1,442 a month including tax and insurance, which needs a household income of roughly $61,800 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 ($212,437) 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 3.6% over the past year. In Montgomery - AL, that means a home worth $205,055 last year is now worth roughly $212,437.
The median sale price, what homes actually close for, is $221,834. Homes are selling at 96.8% of list price, meaning buyers have room to negotiate.
Homes listed in Montgomery - AL sit on the market for roughly 28 days before going pending. Shorter = seller's market; longer = buyer's market.
About 24.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 414 new listings hit the market each month in Montgomery - AL. There are currently 1,736 homes for sale, up 3.9% from a year ago.
The typical monthly rent in Montgomery - AL is $1,383, up 3.0% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 12.8x, buying territory (#183 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,177 a month in principal and interest, $206 less than renting before taxes, insurance and upkeep. The two break even at a 9.13% 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 | $260,710 | +2.4% | 27.0d |
| Huntsville - AL | $313,528 | +1.1% | 30.0d |
| Mobile - AL | $194,638 | +0.5% | 29.0d |
| Tuscaloosa - AL | $238,644 | +0.6% | 29.0d |