Why Live in Montgomery
Montgomery's rich Civil Rights history comes alive through landmarks like the Dexter Avenue King Memorial Baptist Church, where Dr. Martin Luther King Jr. led the Montgomery Bus Boycott, and the Rosa Parks Museum located at the site of her historic arrest. The Legacy Museum and National Memorial for Peace and Justice provide powerful educational experiences about racial justice. Cultural attractions include the Alabama Shakespeare Festival in Blount Cultural Park and the Montgomery Museum of Fine Arts. The city's dining scene features standout restaurants like Vintage Year, known for refined Southern cuisine from James Beard semifinalist Chef Eric Rivera, and Central, an upscale downtown establishment focused on local ingredients.
The housing market includes diverse options across several neighborhoods. Single family homes in Old Cloverdale have a median price of $279,900, while similar homes in the Garden District list at a median of $145,000. The citywide median sale price for single family homes is $189,900. Condos range from a median of $160,000 for one bedroom units to $149,900 for two bedrooms. Townhomes have a median price of $348,600.
Montgomery's cost of living sits 10.7% below the national average. A family with school age children needs approximately $95,000 annually to live comfortably, while renters should aim for $48,000. The property tax rate of 0.37% compares favorably to nearby cities like Birmingham at 0.6%. Private schools like The Montgomery Academy and Trinity Presbyterian School, both rated A plus by Niche, serve multiple neighborhoods including Brentwood and East Montgomery. The Montgomery Area Transit System provides public transportation, though most residents rely on personal vehicles. Major employers include Maxwell Gunter Air Force Base, state government offices, and Hyundai Motor Manufacturing Alabama.
Home Trends in Montgomery, AL
On average, homes in Montgomery, AL sell after 83 days on the market compared to the national average of 50 days. The median sale price for homes in Montgomery, AL over the last 12 months is $186,500, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$186,500
Median Single Family Sale Price
$189,900
Median Townhouse Sale Price
$351,800
Median 2 Bedroom Sale Price
$149,900
Median 1 Bedroom Sale Price
$160,000
Average Price Per Sq Ft
$108
Number of Homes for Sale
834
Last 12 months Home Sales
2,233
Median List Price
$199,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
7%