Montgomery, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montgomery Neighborhoods Since 2000




Montgomery, TX Real Estate Data


Montgomery Housing Market Information

With a population of 806, 235 total housing units (homes and apartments), and a median house value of $216,485, Montgomery real estate is some of the most expensive in Texas, although Montgomery home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Montgomery, accounting for 61.05% of the city's housing units. Other types of housing that are prevalent in Montgomery include mobile homes or trailers ( 32.58%), row houses and other attached homes ( 4.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.25%).

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 74.89% of Montgomery's homes, and 67.04% have either three or four bedrooms, which is average sized relative to America.

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 ( 29.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.99%). There's also some housing in Montgomery built before 1939 ( 7.87%).

Vacant housing appears to be an issue in Montgomery. Fully 11.99% 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 48.93% over the last ten years, which is an average annual home appreciation rate of 4.06%, 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.

NeighborhoodScout's data show that during the latest twelve months, Montgomery's appreciation rate, at 4.57%, has been at or slightly above the national average. In the latest quarter, Montgomery's appreciation rate has been 1.83%, which annualizes to a rate of 7.53%.

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:
$216,485

Montgomery, TX HOME PRICES

Value Range
> $1,322,000 3.8
$991,001 - $1,322,000 0.8
$661,001 - $991,000 4.5
$529,001 - $661,000 4.8
$397,001 - $529,000 9.0
$264,001 - $397,000 18.7
$132,001 - $264,000 26.3
$66,001 - $132,000 21.9
$0 - $66,000 10.2

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
29.3201381975757 14.5631067961165

Number Of Homes And Apartments:
235

Rent & Ownership

 

Average Market Rent:
$1,078 / per month

Homeownership Rate

Homeownership
Owners 74.89
Renters 25.11
Vacant 11.99

Housing Market Details

 

Age of Homes

AGE OF Montgomery HOMES
2000 or Newer 30.0
1970 - 1999 50.2
1940 - 1969 12.0
1939 or Older 7.9

Types of Homes

TYPE OF Montgomery HOMES
Single-Family 61.0
Townhomes 4.1
Small Apt. Buildings 2.2
Apt. Complexes 0.0
Mobile Homes 32.6
Other 0.0

Home Size

SIZE OF Montgomery HOMES
No Bedroom 1.50
1 Bedroom 2.25
2 Bedrooms 27.34
3 Bedrooms 27.72
4 Bedrooms 39.33
5 or more bedrooms 1.87

Montgomery Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
72.09% 3.24% 6 9
* 10 is highest