Home Price Key
Affordable
Average
Expensive
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 $534,682, higher than the Maryland average of $357,815.
The average cost of rent is $2,056/mo in Montgomery County, primarily driven by the current value of real estate in the Montgomery County area. While nearly 28.81% of residents own their homes outright in Montgomery County, 31.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery County is $10,803 per month. Households that rent pay about 19.03% of their income on rent here. Montgomery County's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the county.
Nearby Counties
- District of Columbia, DC: higher priced homes
- Prince George's County, MD: less expensive homes
- Loudoun County, VA: equally 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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