Montgomery, TX 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Montgomery, TX Housing Market Trends

With a population of 1,360, 595 total housing units (homes and apartments), and a median house value of $235,370, 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 64.44% of the city's housing units. Other types of housing that are prevalent in Montgomery include large apartment complexes or high rise apartments ( 26.81%), mobile homes or trailers ( 4.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.93%).

People in Montgomery primarily live in small (one, two or no bedroom) single-family detached homes. Montgomery has a mixture of owner-occupied and renter-occupied housing.

Montgomery homes and real estate are some of the newest in America. 72.00% 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 ( 18.07%), and before 1939 ( 5.63%). There's also some housing in Montgomery built between 1940-1969 ( 4.30%).

Vacant housing appears to be an issue in Montgomery. Fully 11.85% 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.

Montgomery Home Appreciation Rates

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 76.49% over the last ten years, which is an average annual home appreciation rate of 5.85%, putting Montgomery in the top 20% 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 4.83%, 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 1.47%, which equates to an annual appreciation rate of 6.02%.

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

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.

Average Home Values

 

Median Home Value:
$235,370

Montgomery, TX HOME PRICES

> $1,240,000
2.8%
2.8%
$930,001 - $1,240,000
3.4%
3.4%
$620,001 - $930,000
8.8%
8.8%
$496,001 - $620,000
7.2%
7.2%
$372,001 - $496,000
14.6%
14.6%
$248,001 - $372,000
15.3%
15.3%
$124,001 - $248,000
27.5%
27.5%
$62,001 - $124,000
8.6%
8.6%
$0 - $62,000
11.7%
11.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for TX

Value Relative To Nation

Number Of Homes And Apartments:
595

Montgomery Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
111.90% 3.55%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,316 / per month

Homeownership Rate

Owners
64.2%
64.2%
Renters
35.8%
35.8%
Vacant
11.9%
11.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
72.0%
72.0%
1970 - 1999
18.1%
18.1%
1940 - 1969
4.3%
4.3%
1939 or Older
5.6%
5.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.4%
64.4%
Townhomes
1.9%
1.9%
Small Apt. Buildings
1.9%
1.9%
Apt. Complexes
26.8%
26.8%
Mobile Homes
4.9%
4.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.7%
4.7%
1 Bedroom
18.1%
18.1%
2 Bedrooms
23.0%
23.0%
3 Bedrooms
29.2%
29.2%
4 Bedrooms
16.4%
16.4%
5 or more bedrooms
8.6%
8.6%
0.0% 100.0%
% OF HOMES