Renting-to-Own Homes in Montgomery, AL: What You Need to Know
Montgomery, Alabama is a musical city full of jazz and country tunes. The job opportunities are plentiful and the cost of living is low. The weather is beautiful and the schools prepare students for higher education. The neighborhoods draw lots of families and young professionals.
The top industries in Montgomery are Heath Care and Social Assistance, Retail Trade, Manufacturing, Accommodation and Food Services, Administration, Waste Management, and Remediation. The top three employers here are the Maxwell/Gunter Air Force Base, the State of Alabama, and Montgomery Public Schools. The average income in Montgomery is $24,537 per year. As of March 2020, the unemployment rate was 3%.
The Cost of Living in Montgomery
Montgomery is, on average, 8% less expensive than the rest of the United States. Housing is 17% less expensive with a median home price of $138,700. The average rent of a Montgomery apartment is $936 per month. One-bedrooms tend to cost around $800, while two-bedrooms cost roughly $960. Healthcare is 18% less in Montgomery when compared to the rest of the country.
Weather and Climate
The climate of Montgomery is a humid, subtropical one. The summers here are long and overwhelmingly hot. The winters are cold and quick. This is a rainy city, with 52.9” of rain per year; it rains nearly 104 days every year. The hottest month here is July, with a peak temperature of 92°F. The coldest month is January, with the temperature scarcely dipping below 35°F.
Schools and Higher Education
There are 55 public schools located in Montgomery County, teaching nearly 30,000 students. There are 40 private schools here as well, serving just over 7,000 students. Alabama State University, Huntingdon College, Amridge University, and Faulkner University are all located here, drawing students from all over the country.
Know Your Neighborhoods
Montgomery has no shortage of excellent neighborhoods for the county residents. Home to 15,000 residents, Millbrook is considered one of the best suburbs in all of Alabama. Families and young professionals favor the suburban vibe and promising public schools. The median home value is $150,300 and over half the residents own their homes. The median rent is $859.
Another Alabama favorite is Prattville. The 36,000 residents enjoy a quiet suburban environment and well rated public schools. The median home value is $156,400 and just over half the residents own their homes. The median rent is $1,013.
Pike Road is also a top tier Alabama suburb. There are roughly 9,000 residents living here; they enjoy a quiet, rural environment. Families and young professionals favor Pike Road. The median home value is $278,000 and nearly all residents own their homes. The median rent is $1,154.