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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 $353,748, lower than the Virginia average of $443,089.
The average cost of rent is $1,257/mo in Montgomery County, primarily driven by the current value of real estate in the Montgomery County area. In Montgomery County, 44.70% of households rent, and 49.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery County is $6,617 per month. Households that rent pay about 19.00% of their income on rent here. Montgomery County’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Radford City, VA: less expensive homes
- Pulaski County, VA: less expensive homes
- Salem City, VA: less expensive homes
- Roanoke County, VA: less expensive homes
- Roanoke City, VA: less expensive homes
- Franklin County, VA: less expensive homes
- Bland County, VA: less expensive homes
- Tazewell County, VA: less expensive homes
- Campbell County, VA: less expensive homes
- Buchanan County, VA: less expensive homes
Counties with Similar Populations
- Nash County, NC: less expensive homes
- St. Croix County, WI: equally priced homes
- St. Clair County, AL: less expensive homes
- Sevier County, TN: less expensive homes
- Rogers County, OK: less expensive homes
- Rockwall County, TX: higher priced homes
- Rockdale County, GA: less expensive homes
- Roanoke County, VA: less expensive homes
- Roanoke City, VA: less expensive homes
- Pottawattamie County, IA: less expensive homes
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