Montgomery, AL · Alabama

Elmore County

88,669 residents142 permits TTM$75,553 median HHI9 ZIP codesUpdated April 28, 2026
Investor first look

Median home value

$213,600

ACS 5-Year

Cap rate proxy

5.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.1%

HUD FMR ÷ ACS HHI

Net migration

+1.89%

IRS SOI

Permits (TTM)

142

Census BPS

Climate risk

72.2

FEMA NRI (0–100)

ZIP code breakdown9 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
36078$187,248$9005.8%6.3%-12.7%
36025$237,311$1,0805.5%5.1%6.1%
36054$218,178$9605.3%7.3%-38.5%
36020$209,043$9405.4%5.7%-7.9%
36022$288,953$9804.1%4.2%-3.5%

Ranked by composite score

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Demographics

Owner-occupied

76.9%

Census ACS

Vacancy rate

12.3%

Census ACS

Bachelor's degree +

24.4%

Census ACS

Rent burdened

39.6%

Census ACS (>30% income)

Median age

38.9

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026