77316, Montgomery, TX

The Montgomery, TX 77316 zip code has a population of around 116,000 people and is located in Montgomery County. The median home value in the 77316 zip code is $187,500 which is above the national median home value of $177,700. The percentage of homes that are owner-occupied in the 77316 zip code is around 68%, which is below the national average of 69%. Around 28% of homes in the 77316 zip code are occupied by renters, which is below the national average of 31%.

Home equity and home prices have been on an upward trend over the past few years in Montgomery, TX. In January 2017, the median home value was $186,000 which was up from $174,500 a year earlier. Over the past twelve months (January 2017-January 2018), there was an increase of 2.4% in home values across Montgomery County. This trend may continue as more people are buying homes and getting into homeownership.

There are a number of factors that could be contributing to this upward trend including low interest rates and increasing demand for housing due to rising incomes and employment levels. Additionally, Montgomery County has seen steady growth over recent years with new businesses and jobs being established. This could lead to increased demand for housing as well as higher salaries for workers who live here.