Montgomery, AL 36116 Real Estate Market Report

ZIP Code: 36116
Report Date: May 2026
Market Temperature: NEUTRAL
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.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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 averaging 6.3%, reflecting the broader market environment for property owners in this area as of May 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price $170,000 is the primary indicator of recent market value and, together with a year-over-year price trend that is up, signals ongoing price appreciation even as transaction velocity remains slow given the median days on market 553.

2. median sold price $170,000 combined with the observed sales velocity suggests relatively constrained active supply alongside slower sales velocity, which may create localized seller advantages in well-priced segments while still requiring patience for price discovery in others.

3. median sold price $170,000 relative to a median price per square foot 101 and a median market rent 1,400 indicates price-per-unit metrics that buyers and investors should benchmark against rising rent trends (rent up) when assessing cash-flow potential.

4. median sold price $170,000 should be interpreted in the context of elevated financing headwinds—interest rate pressure is reported as elevated and current 30-year fixed mortgage rates are averaging 6.3%—which may temper buyer purchasing power and slow transaction growth despite the market temperature being described as neutral.

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Notable Properties

The following 8 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.