Home Values

Town of Montgomery Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$218,400

  • 3.1% 1-year change
  • 3.4% 1-year forecast

The median home value in Town of Montgomery is $218,400. Town of Montgomery home values have gone up 3.1% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Town of Montgomery is $141, which is lower than the Poughkeepsie Metro average of $150. The median price of homes currently listed in Town of Montgomery is $259,000 while the median price of homes that sold is $190,800. The median rent price in Town of Montgomery is $1,500, which is the same as the Poughkeepsie Metro median of $1,500.

Foreclosures will be a factor impacting home values in the next several years. In Town of Montgomery 2.8 homes are foreclosed (per 10,000). This is lower than the Poughkeepsie Metro value of 3.7 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Montgomery is 13.9%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Montgomery homeowners underwater on their mortgage is 23.2%, which is lower than Poughkeepsie Metro at 26.6%.

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Relative ZHVI
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Town of Montgomery Market Overview

Data through Aug 31, 2014
  • $218,400 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $259,000 Median listing price
  • No recent data Median sale price
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Town of Montgomery Market Health

Data through Aug 31, 2014
  • 4.9/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 23.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.8 homes(Jul 31, 2014) Town of Montgomery
3.7 homes Poughkeepsie Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Hamptonburgh $290,900
Crawford $241,300
Washingtonville $204,300
Name Median ZHVI
Town of New Windsor $199,400
Shawangunk $197,400
Wallkill $172,800
Name Median ZHVI
Pine Bush $168,600
Walden $167,400
Maybrook $133,200

Listings & Sales

Data through Aug 31, 2014
  • $141 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 31.0% Listings with price cut
18.6%
Sold below listing
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Town of Montgomery Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,749 Town of Montgomery
    $1,735 Poughkeepsie Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • $1.13 Rent list price / sq ft
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