Market Overview
Home Prices in Montgomery City, MO
The median home value in Montgomery City, MO is $238,146 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.1% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montgomery City are priced42% below average. Montgomery City is part of the Jefferson City, MO metro area.
Over the past five years, Montgomery City home values have risen by approximately26.9%, reflecting strong long-term appreciation in this market.
Price History
Montgomery City Home Price Trend
City Comparison
Montgomery City vs. National Median
At $238,146, homes in Montgomery City cost 42% below the national median of $410,000. This makes Montgomery City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Montgomery City?
20% Down Payment
$47,629
on $238,146
Monthly P&I
$1,242/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,577/mo
incl. taxes & insurance
Income Needed
$63,080
gross annual (30% rule)
10% Down Option
$23,815
+ PMI applies
Loan Amount (20% dn)
$190,517
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Montgomery City, MO?
The median home value in Montgomery City is $238,146 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.1% year-over-year.
How much have home prices changed in Montgomery City?
Over the past year, home values in Montgomery City have increased by 9.1%. Over five years, prices have risen approximately 26.9%.
How much do I need to earn to buy a home in Montgomery City?
To comfortably afford the median home price of $238,146 with a 20% down payment ($47,629) at today's rates (6.8%), you'd need a gross annual income of approximately $63,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Montgomery City compare to the national average home price?
The national median home value is approximately $410,000. At $238,146, homes in Montgomery City are 42% below the national average.
What metro area is Montgomery City part of?
Montgomery City is part of the Jefferson City, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.