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These days, finding an affordable place to live in the Montgomery County area can be challenging. Home prices in Montgomery County are now at a median cost of $172,616, lower than the Indiana average of $232,932.
The average cost of rent is $860/mo in Montgomery County, primarily driven by the current value of real estate in the Montgomery County area. In Montgomery County, 19.73% of households rent, and 35.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery County is $6,366 per month. Households that rent pay about 13.51% of their income on rent here. Montgomery County’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Fountain County, IN: less expensive homes
- Boone County, IN: higher priced homes
- Vermilion County, IL: less expensive homes
- Hamilton County, IN: higher priced homes
- Madison County, IN: equally priced homes
- Champaign County, IL: higher priced homes
- Henry County, IN: less expensive homes
- Piatt County, IL: higher priced homes
- Randolph County, IN: less expensive homes
- De Witt County, IL: less expensive homes
Counties with Similar Populations
- Shenandoah County, VA: higher priced homes
- Fannin County, TX: higher priced homes
- Fayette County, OH: equally priced homes
- Fayette County, TN: higher priced homes
- Fayette County, WV: less expensive homes
- Finney County, KS: higher priced homes
- Floyd County, KY: less expensive homes
- Ford County, KS: equally priced homes
- Franklin County, NY: less expensive homes
- Franklin County, TN: higher priced homes
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