Calculate using real Montgomery data. Median home price: $155,000. Property tax rate: 0.39%.
The median home price in Montgomery, AL is $155,000. With a 20% down payment, you would need $31,000 down and finance $124,000.
Based on the median home price of $155,000 with 20% down at a 6.5% rate, the estimated monthly payment (principal & interest) is approximately $784.
The median household income in Montgomery, AL is $43,310, which impacts how much home you can afford.