Montgomery, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montgomery Neighborhoods Since 2000




Montgomery, NY Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Montgomery Housing Market Information

With a population of 4,609, 1,576 total housing units (homes and apartments), and a median house value of $249,927, Montgomery real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Montgomery, accounting for 54.46% of the village's housing units. Other types of housing that are prevalent in Montgomery include large apartment complexes or high rise apartments ( 18.84%), duplexes, homes converted to apartments or other small apartment buildings ( 15.36%), and a few row houses and other attached homes ( 11.34%).

The most prevalent building size and type in Montgomery are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.40% owning and 35.60% renting.

There is a lot of housing in Montgomery 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 Montgomery built between 2000 and later ( 18.78%). A lesser amount of the housing stock also hails from before 1939 ( 15.00%). There's also some housing in Montgomery built between 1940-1969 ( 13.88%).

Montgomery Home Appreciation Rates

Homes have actually lost value in Montgomery over the last then years, as home values have seen a decline of 23.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Montgomery home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Montgomery's appreciation rate, at 3.47%, has been at or slightly above the national average. In the latest quarter, Montgomery's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Montgomery's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$249,927

Montgomery, NY HOME PRICES

Value Range
> $1,041,000 1.2
$781,001 - $1,041,000 0.0
$521,001 - $781,000 0.4
$417,001 - $521,000 7.5
$312,001 - $417,000 12.6
$208,001 - $312,000 49.1
$104,001 - $208,000 22.8
$52,001 - $104,000 0.0
$0 - $52,000 6.5

High for NY
High for Nation

Value Relative to Nation Value Relative to State
22.5125981483652 36.9248035914703

Number Of Homes And Apartments:
1,576

Montgomery Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
45.75% 2.21% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,524 / per month

Homeownership Rate

Homeownership
Owners 64.40
Renters 35.60
Vacant 6.91

Housing Market Details

 

Age of Homes

AGE OF Montgomery HOMES
2000 or Newer 18.8
1970 - 1999 52.3
1940 - 1969 13.9
1939 or Older 15.0

Types of Homes

TYPE OF Montgomery HOMES
Single-Family 54.5
Townhomes 11.3
Small Apt. Buildings 15.4
Apt. Complexes 18.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Montgomery HOMES
No Bedroom 2.42
1 Bedroom 22.68
2 Bedrooms 19.79
3 Bedrooms 30.42
4 Bedrooms 18.19
5 or more bedrooms 6.50