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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 $191,793, lower than the Missouri average of $246,641.
The average cost of rent is $842/mo in Montgomery County, primarily driven by the current value of real estate in the Montgomery County area. In Montgomery County, 26.55% of households rent, and 54.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery County is $5,623 per month. Households that rent pay about 14.97% of their income on rent here. Montgomery County’s most expensive areas are in the northern 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
- Lincoln County, MO: higher priced homes
- Boone County, MO: higher priced homes
- Jersey County, IL: equally priced homes
- Cooper County, MO: equally priced homes
- Madison County, IL: equally priced homes
- Bond County, IL: less expensive homes
- Lafayette County, MO: higher priced homes
- Fayette County, IL: less expensive homes
- Effingham County, IL: equally priced homes
- Jackson County, MO: higher priced homes
Counties with Similar Populations
- Ferry County, WA: higher priced homes
- Fall River County, SD: equally priced homes
- Fallon County, MT: higher priced homes
- Falls Church City, VA: higher priced homes
- Falls County, TX: less expensive homes
- Faribault County, MN: less expensive homes
- Faulk County, SD: less expensive homes
- Fayette County, AL: less expensive homes
- Fentress County, TN: less expensive homes
- Fergus County, MT: higher priced homes
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