Market Snapshot
- Median listing price
- $80K
- Median rent
- $995/mo
- Days on market
- 614 days
- Gross rental yield
- 14.94%
- STR vs LTR
- $1,449/mo STR · $995/mo LTR
The median listing price in Montgomery, AL ZIP 36104 is $79,900 as of July 2026.
The median market rent in Montgomery, AL ZIP 36104 is $995/month as of July 2026.
The median days on market in Montgomery, AL ZIP 36104 is 614 days as of July 2026. The market is currently neutral.
At a median list price of $79,900 and a median rent of $995/month, the gross rental yield in Montgomery, AL ZIP 36104 is 14.94% as of July 2026.
In Montgomery, AL ZIP 36104, median Airbnb revenue is $1,449/month compared to median long-term rent of $995/month as of July 2026.
Montgomery, AL 36104 Real Estate Market Report
ZIP Code: 36104
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Montgomery, AL are approximately 6.65%, which is 0.56% higher than the 6.09% market lows observed in February 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary market indicator, median sold price of 74,500, points to the current transaction-level market value and suggests modest price levels for recently closed SFR and condo sales within the analyzed sample; representative recent sale may better reflect buyer-paid prices than asking-price signals.
- Liquidity appears slow when framed by a median days on market of 614, which suggests protracted time-to-contract and slower sales velocity rather than rapid turnover; this extended marketing time may indicate pricing friction or buyer-seller negotiation lag in the current environment.
- Pricing context shows a median price per square foot of 65.28 and a median market rent of 995, while rent trends are up, indicating rising rental demand that could support investment interest even as sale-side transactions remain measured.
- Macro and financing context: price year-over-year trend is up and market temperature is neutral, but interest rate pressure is elevated with current 30-year fixed mortgage rates at approximately 6.65%, about 0.56% higher than the 6.09% lows in February 2026, which may restrain buyer affordability and contribute to the observed slower transaction pace.
Notable Properties
The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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