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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Montevallo, AL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Montevallo, AL Housing Market Trends

With a population of 7,637, 2,336 total housing units (homes and apartments), and a median house value of $199,922, house prices in Montevallo are solidly below the national average.

Single-family detached homes are the single most common housing type in Montevallo, accounting for 78.09% of the city's housing units. Other types of housing that are prevalent in Montevallo include large apartment complexes or high rise apartments ( 10.09%), duplexes, homes converted to apartments or other small apartment buildings ( 7.44%), and a few mobile homes or trailers ( 3.60%).

The most prevalent building size and type in Montevallo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.00% owning and 50.00% renting.

There is a lot of housing in Montevallo built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Montevallo built between 2000 and later ( 32.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.61%). There's also some housing in Montevallo built before 1939 ( 10.48%).

Montevallo Home Appreciation Rates

Appreciation rates for homes in Montevallo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.42%, which ranks in the top 50% nationwide. This equates to an annual average Montevallo house appreciation rate of 6.25%.

Over the last year, Montevallo appreciation rates have trailed the rest of the nation. In the last twelve months, Montevallo's appreciation rate has been 3.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Montevallo were at -0.87%, which equates to an annual appreciation rate of -3.42%.

Notably, Montevallo's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Montevallo's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

Average Home Values

Median Home Value

$199,922

Montevallo, AL Home Prices
> $1,317,000
$988,001 - $1,317,000
$659,001 - $988,000
$527,001 - $659,000
$395,001 - $527,000
$263,001 - $395,000
$132,001 - $263,000
$66,001 - $132,000
$0 - $66,000
0.1%
0.1%
1.2%
1.2%
4.1%
4.1%
0.8%
0.8%
11.6%
11.6%
20.1%
20.1%
44.5%
44.5%
13.6%
13.6%
4.0%
4.0%
0% 100.0%
% of Homes
Average

for Alabama

Low

for nation

Number of Homes And Apartments:

2,336

Montevallo Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,558 / per month

Homeownership Rate

Owners
Renters
50.0%
50.0%
50.0%
50.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.6%
7.6%
92.4%
92.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.9%
32.9%
43.0%
43.0%
13.6%
13.6%
10.5%
10.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.1%
78.1%
0.8%
0.8%
7.4%
7.4%
10.1%
10.1%
3.6%
3.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
5.3%
5.3%
19.2%
19.2%
53.7%
53.7%
20.5%
20.5%
0.6%
0.6%
0% 100.0%
% of Homes

Zip Codes in Montevallo, AL