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