Montgomery, AL home prices
Typical home $212,437 · +3.6% in a year · income needed $56,600
The Montgomery, AL metro area ranks 595 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.6% in a year and +23.8% over five years. With 20% down at 7.11%, the typical home costs about $1,322 a month including 0.41% property tax (Montgomery County rate).
Mortgage on the typical Montgomery home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $42,487 | $169,950 | $1,143 | $0 | $179 | $1,322 | $56,600 |
| 10% down | $21,244 | $191,194 | $1,286 | $80 | $179 | $1,544 | $66,200 |
| 5% down | $10,622 | $201,815 | $1,358 | $84 | $179 | $1,620 | $69,400 |
| 3.5% down (FHA) | $7,435 | $208,590 | $1,403 | $94 | $179 | $1,676 | $71,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.41% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Montgomery area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Montgomery County, AL | $163,380 | +1.8% | 0.41% |
| Elmore County, AL | $272,853 | +4.3% | 0.27% |
| Autauga County, AL | $265,448 | +3.8% | 0.3% |
| Lowndes County, AL | $139,599 | +2.4% | 0.39% |
What can you afford in Alabama on your salary? · Alabama home prices · Salaries in Alabama
Frequently asked questions
How much is a house in Montgomery?
The typical home in the Montgomery, AL metro area is worth $212,437 (Zillow, September 2026).
What salary do you need to buy a house in Montgomery?
About $56,600 a year for the typical home with 20% down at 7.11%.