Montgomery AL Real Estate
Montgomery is the second-largest city in Alabama, located in the southeastern corner of the state, along the banks of the Alabama River. It’s an attractive market for home buyers and investors, boasting a relatively affordable cost of living and a variety of neighborhoods.
Things To Consider When Buying Real Estate in Montgomery AL
As with any real estate purchase, it’s important to evaluate a number of factors before settling on a property in the Montgomery area. Here’s what to consider:
- Location: Where is the property located? How far is it from shopping, dining, and other activities?
- Amenities: Does the area offer recreational activities and other amenities that might attract you or future buyers?
- Schools: Is the property located in a district with high-quality schools, or at least access to good schools?
- Neighborhood: What are the crime rates in the area? How do the neighbors appear to maintain their homes?
- Property Values: What has been the recent trend in home values in the area?
Benefits of Investing in Montgomery AL Real Estate
Apart from the attractive cost of living, Montgomery offers a thriving economy and several reasons to invest in real estate in the city:
- Tax Advantages: Investors in Montgomery real estate may be eligible for special tax incentives.
- Job Growth: Montgomery’s job market is growing steadily, with unemployment rates below the national average.
- Increasing Home Values: The median home value in Montgomery is rising, making it an attractive market for homebuyers and investors alike.
Where To Look For Quality Real Estate In Montgomery AL
There are a variety of neighborhoods throughout Montgomery, so it’s important to take some time to research the various areas before making a purchase. Popular neighborhoods include:
- Downtown: Historic downtown Montgomery is experiencing resurgence, with homes being renovated and new businesses moving in.
- Montgomery Hills: This area is filled with stately homes and tree-lined streets, making it an attractive option for homebuyers.
- Eastlawn: This area was largely built in the 1950s-70s and is known for its spacious lots and mature trees.
- Park Crossing: Located east of downtown, this area is filled with new development and a number of retail shops.
Montgomery is an attractive real estate market for home buyers and investors alike. With its relative affordability, growing economy and variety of neighborhoods, it’s no wonder why Montgomery is such an in-demand market.