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Montgomery, MI
Full City Profile · Michigan · Hillsdale County County
3.2
/5.0
B
Good
318
Population
318/sq mi density
$54,000
Median Income
$22,642 per capita
$93,100
Home Value
$181,792 Zillow
$1,175
Median Rent
22.1% income on rent
48°F
Avg Temperature
275 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$54,000 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$93,100 home value, $1,175/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
1.9 / 5.0
11.1% bachelor's degree or higher
Housing Overview
Median Home Value
$93,100
67% below
US avg: $281,900
Median Rent
$1,175/mo
1% above
US avg: $1,163/mo
Homeownership Rate
90.4%
38% above US avg (65.4%)
Total Housing Units
129
Median year built: 1938
Home Value by Source
Census Median
$93,100
Zillow (ZHVI)
$181,792
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
90.4%
Owner-Occupied
9.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,175/mo
Affordability & Housing Stock
Rent Burden
22.1%
of renters spending 30%+ of income on housing
29% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
90.4%
Complete Housing Data
Home Values
| Census Median Value | $93,100 |
| Zillow Home Value (ZHVI) | $181,792 |
Rent
| Census Median Rent | $1,175 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 90.4% |
| Renter-Occupied | 9.6% |
| Homeownership Rate | 90.4% |
| Total Housing Units | 129 |
| Median Year Built | 1938 |
| Rent Burden | 22.1% |