Montgomery, Alabama

Montgomery houses have a list cost median of $65 per square foot. The Metro area of Montgomery has a list cost average of $85 per square foot for its homes, which is higher than in Montgomery.

$117,500 is the house cost median of homes now listed in Montgomery. $845 is the rent cost median of rentals in Montgomery. The Metro area of Montgomery has $895 as its rent cost median, which is higher than in Montgomery.

For the next few years, a factor having impact on what houses are worth is foreclosure rates. Per 10,000 houses, 2.0 experience foreclosure in Montgomery. Nationally, 1.6 percent experience foreclosure for each 10,000 houses.

For home owners, the first thing that happens in foreclosure is delinquency on their mortgage. Mortgage delinquency happens when a house owner misses a payment on their mortgage. Montgomery has 2.1% of its mortgages delinquent. Nationally 1.6 percent of mortgages on houses are delinquent.

From 2007 through late 2011, the value of houses declined more than 20 percent nationally. 23.4 percent of house owners in Montgomery are underwater mortgage wise.

23.4 percent of houses underwater is very high. For some reason Montgomery has had a rough time bouncing back in home values. This can be pretty tough for quite a few home owners.

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