Market Snapshot
- Median listing price
- $343K
- Median rent
- $1,850/mo
- Days on market
- 780 days
- Gross rental yield
- 6.48%
- STR vs LTR
- $1,665/mo STR · $1,850/mo LTR
The median listing price in Montgomery, AL ZIP 36117 is $342,500 as of June 2026.
The median market rent in Montgomery, AL ZIP 36117 is $1,850/month as of June 2026.
The median days on market in Montgomery, AL ZIP 36117 is 780 days as of June 2026. The market is currently neutral.
At a median list price of $342,500 and a median rent of $1,850/month, the gross rental yield in Montgomery, AL ZIP 36117 is 6.48% as of June 2026.
In Montgomery, AL ZIP 36117, median Airbnb revenue is $1,665/month compared to median long-term rent of $1,850/month as of June 2026.
Montgomery, AL 36117 Real Estate Market Report
ZIP Code: 36117
Report Date: June 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
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.
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 for properties in Montgomery, AL 36117 are averaging approximately 6.60%, reflecting a stable market environment for loans originated throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- $241,000 — The median sold price remains the primary indicator of market value and recent transaction activity in 36117; with the price year-over-year trend showing up, sellers can expect modest price appreciation, so price positioning should be aligned to recent sold comps rather than listing optimism.
- $342,500 median listing price vs. the median sold price highlights a significant asking-to-sale gap that may indicate pricing friction; pricing strategies that reference the representative recent sale range are likely to improve list-to-contract conversion.
- 780 days median days on market indicates materially slower sales velocity and suggests extended time to contract; sellers and listing agents should plan for longer marketing periods and consider staged incentives or flexible terms to maintain buyer interest.
- Market conditions are broadly balanced: the market temperature is neutral with balanced supply-demand dynamics and relatively constrained active supply in the analyzed sample, while interest rate pressure remains elevated with average 30-year fixed mortgage rates near 6.60%, so financing sensitivity should be addressed in buyer outreach and offer negotiations.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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