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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 $679,845, higher than the Maryland average of $450,578.
The average cost of rent is $2,358/mo in Montgomery County, primarily driven by the current value of real estate in the Montgomery County area. In Montgomery County, 34.70% of households rent, and 30.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery County is $12,452 per month. Households that rent pay about 18.94% of their income on rent here. Montgomery County’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- District of Columbia, DC: higher priced homes
- Prince George's County, MD: less expensive homes
- Loudoun County, VA: higher priced homes
- Anne Arundel County, MD: less expensive homes
- Clarke County, VA: less expensive homes
- Queen Anne's County, MD: less expensive homes
- Winchester City, VA: less expensive homes
- Frederick County, VA: less expensive homes
- Warren County, VA: less expensive homes
- Kent County, DE: less expensive homes
Counties with Similar Populations
- Hillsborough County, FL: less expensive homes
- Bronx County, NY: less expensive homes
- Mecklenburg County, NC: less expensive homes
- Broward County, FL: less expensive homes
- Marion County, IN: less expensive homes
- Middlesex County, MA: higher priced homes
- Bexar County, TX: less expensive homes
- Travis County, TX: less expensive homes
- Fairfax County, VA: higher priced homes
- Honolulu County, HI: higher priced homes
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