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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,761 people, 1,471 houses or apartments, and a median cost of homes of $478,367, 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 61.77% of the village's housing units. Other types of housing that are prevalent in Montgomery include large apartment complexes or high rise apartments ( 15.46%), duplexes, homes converted to apartments or other small apartment buildings ( 15.20%), and a few row houses and other attached homes ( 7.57%).
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 69.75% of Montgomery's homes, and 55.64% 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 ( 20.81%). A lesser amount of the housing stock also hails from before 1939 ( 15.98%). There's also some housing in Montgomery built between 1940-1969 ( 9.07%).
Appreciation rates for homes in Montgomery have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.80%, which ranks in the top 50% nationwide. This equates to an annual average Montgomery house appreciation rate of 6.62%.
NeighborhoodScout's data show that during the latest twelve months, Montgomery's appreciation rate, at 5.60%, has been at or slightly above the national average. In the latest quarter, Montgomery's appreciation rate has been 0.58%, which annualizes to a rate of 2.34%.
Notably, Montgomery's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Montgomery's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
$478,367
for New york
for nation
1,471
$2,245 / per month