Home For Sale In Montgomery, Alabama

house for sale

Listed: 04/15/24

2856 Fairwest Street, Mobile Heights, Montgomery, AL 36108, USA

Studio Bed:

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Price

$ 1,19M

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About This House

Are you a seasoned or new investor looking for an investment property in a hot market? Take a look at this 20-unit multi-family listing that just became available. Each unit is equipped with a stove, refrigerator and a window heating and cooling unit. 17 of the 20 units have been updated with only 3 remaining to renovate, and the parking lot has 20 parking places. The property has security lights and cameras outside that have recently been installed. This property is a prime investment and when fully leased at pro-forma rents could generate over$260, 000per year and will be worth close to $1.6 million. There are 12 2-bedroom units that can be leased for up to $1150 per month and … Full description

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Houses for sale in Montgomery

Original listing

Montgomery Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

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Month	Median Price
May 2024	$115,350 (-8.8%)
Apr 2024	$126,431 (0%)
Mar 2024	$126,431 (0%)
Feb 2024	$126,431 (0%)
Jan 2024	$126,431 (+26.2%)
Dec 2023	$100,189 (+4.4%)

In May 2024, the asking price for 2 bed houses for sale in/near Montgomery, United States averaged $115,350, a decrease of 8.8% from the previous month.

Median price trends for properties for sale in Montgomery, United States as of May 2024.

Household Income

Median household income: $44,339

Number of households: 79,433

The average household income in Montgomery, AL grew from $43,440 to $44,339 in the past year. This data is an estimate based upon 79,433 households in Montgomery, AL.
The chart below presents how household income is distributed in Montgomery, AL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: <$800

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Montgomery, AL compared to median property taxes around the country. The prevalent amount of property taxes in Montgomery, AL equals <$800 , which is more than the national average.