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Montgomery Market

Montgomery, the capital of Alabama, is centrally located alongside the Alabama River. It is known for its historic downtown, ballets, sports complexes, civil rights memorials, a vibrant riverfront and warm southern charm. Industries such as agriculture, defense, manufacturing and education help keep job and population growth stable. With a large renting population, Montgomery is an attractive investment space for those seeking positively cash-flowing assets.

386,814

METRO POPULATION

$53K

AVG. Household Income

$172,900

AVG. HOME PRICE

$1,102

AVG. MONTHLY RENT

3.2%

UNEMPLOYMENT

51%

RENTER POPULATION

Source: Realtors.com, Sept 2022

Economic Growth and Development

Over $244 million has been invested in downtown Montgomery since 2014, showing the city’s long-term goal to revitalize the area. Some of the largest projects include new condominiums, apartments, museums, memorials, retail shopping and historic districts. Under the brand “Made in Alabama,” the state recently set a new record with $8.7 billion in new investment and created 17,000 new jobs.

#1 Top City to Visit 2022 – Men’s Journal

#2 Best City for Black-owned Businesses 2022 – NerdWallet

#3 Best Places to Live in Alabama in 2022 – U.S. News

#16 U.S. City with Lowest Cost of Living 2022 – niche.com

#19 Best City by Rent-to-Income Ratio – rent.com

Top City for Renters 2022 – WalletHub

Major Employers

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