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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 806 people, 259 houses or apartments, and a median cost of homes of $193,394, 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 70.06% of the city's housing units. Other types of housing that are prevalent in Montgomery include mobile homes or trailers ( 18.52%), large apartment complexes or high rise apartments ( 5.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montgomery. Owner-occupied housing accounts for 69.88% of Montgomery's homes, and 69.75% have either three or four bedrooms, which is average sized relative to America.
Montgomery homes and real estate are some of the newest in America. 44.14% of Montgomery's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Montgomery real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.96%), and between 1940-1969 ( 10.49%). There's also some housing in Montgomery built before 1939 ( 7.41%).
Vacant housing appears to be an issue in Montgomery. Fully 20.06% of the housing stock is classified as vacant. Left unchecked, vacant Montgomery homes and apartments can be a drag on the real estate market, holding Montgomery real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Montgomery has experienced some of the highest home appreciation rates of any community in the nation. Montgomery real estate appreciated 41.28% over the last ten years, which is an average annual home appreciation rate of 3.52%, putting Montgomery in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Montgomery definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Montgomery appreciation rates have trailed the rest of the nation. In the last twelve months, Montgomery's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Montgomery were at -0.09%, which equates to an annual appreciation rate of -0.38%.
Relative to Texas, our data show that Montgomery's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Montgomery differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Montgomery - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Montgomery real estate investment or home purchase decisions.
|$920,001 - $1,226,000||0.9|
|$613,001 - $920,000||6.2|
|$491,001 - $613,000||5.2|
|$368,001 - $491,000||10.2|
|$245,001 - $368,000||19.3|
|$123,001 - $245,000||27.5|
|$61,001 - $123,000||18.5|
|$0 - $61,000||8.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Montgomery HOMES|
|2000 or Newer||44.1|
|1970 - 1999||38.0|
|1940 - 1969||10.5|
|1939 or Older||7.4|
|TYPE OF Montgomery HOMES|
|Small Apt. Buildings||2.8|
|SIZE OF Montgomery HOMES|
|5 or more bedrooms||1.23|