Foreclosure Homes in Montgomery, AL 36113

Current Market Conditions in Montgomery, AL

Montgomery's real estate market has shown steady growth over the past year, driven by a demand for affordable housing and the city's attractive lifestyle options. The average home prices have seen a slight increase, making homeownership attainable for many, while also attracting investors looking for rental properties.

There has been a marked uptick in new construction projects, particularly in the suburbs, catering to the growing population. The competitive nature of the market indicates a healthy interest in the area, making it an opportune time for buyers to invest before prices increase further.

Rent Prices In Montgomery, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Montgomery, AL, is on a rollercoaster ride. The average rent price in Montgomery, AL, is $1,173.00. Indeed, when looking to rent in Montgomery, AL, you can expect to pay as little as $450.00 or as much as $3,640.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Montgomery, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.