Montague, TX

Montague is a small town located in Williamson County, Texas. The population was just over 2,000 as of the 2010 census. Montague is known for its agricultural and ranching industries, as well as its real estate market. The town has a number of residential neighborhoods and commercial districts.

The real estate market in Montague is characterized by a high level of demand and limited supply. The average home price in the town was $169,500 in 2016, which is above the statewide average of $130,000 but below the national average of $225,000. In addition to being expensive compared to other areas in Texas, Montague homes are also relatively rare. There were only 191 homes sold in 2016 and 2017 combined, which is less than one tenth the number of homes that were sold statewide during those years (3,827). This scarcity has led to significant increases in home prices over the past few years; an increase from $151,500 to $169,500 represents a 20% increase over two years.

One factor that has contributed to increased demand for housing in Montague is the strong economy currently experienced by Williamson County. Employment opportunities have been plentiful since the recession ended several years ago and wages have continued to rise; this has made buying a home more affordable for many people living in Williamson County. Additionally, there are very few available housing units within walking distance of most businesses and amenities in town; this has driven many people into buying homes outside of Montague limits.