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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 $467,692, higher than the Pennsylvania average of $288,156.
The average cost of rent is $1,793/mo in Montgomery County, primarily driven by the current value of real estate in the Montgomery County area. In Montgomery County, 28.62% of households rent, and 35.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery County is $10,751 per month. Households that rent pay about 16.68% of their income on rent here. Montgomery County’s most expensive areas are in the southern 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
- Philadelphia County, PA: less expensive homes
- Bucks County, PA: equally priced homes
- Mercer County, NJ: less expensive homes
- Lancaster County, PA: less expensive homes
- Monmouth County, NJ: higher priced homes
- Cumberland County, PA: less expensive homes
- Bedford County, PA: less expensive homes
- Somerset County, PA: less expensive homes
- Washington County, PA: less expensive homes
- Ohio County, WV: less expensive homes
Counties with Similar Populations
- Kern County, CA: less expensive homes
- Bergen County, NJ: higher priced homes
- Monroe County, NY: less expensive homes
- Milwaukee County, WI: less expensive homes
- Middlesex County, NJ: equally priced homes
- Macomb County, MI: less expensive homes
- New Haven County, CT: less expensive homes
- Hidalgo County, TX: less expensive homes
- Erie County, NY: less expensive homes
- El Paso County, TX: less expensive homes
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