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These days, finding an affordable place to live in the Montgomery area can be challenging. Home prices in Montgomery are now at a median cost of $564,273, higher than the Ohio average of $236,816.
The average cost of rent is $1,639/mo in Montgomery, primarily driven by the current value of real estate in the Montgomery area. In Montgomery, 22.22% of households rent, and 35.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery is $11,182 per month. Households that rent pay about 14.66% of their income on rent here. Montgomery’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Remington, OH: less expensive homes
- Blue Ash, OH: less expensive homes
- Concorde Hills, OH: higher priced homes
- Miamiville, OH: less expensive homes
- Sharonville, OH: less expensive homes
- Evendale, OH: less expensive homes
- Deer Park, OH: less expensive homes
- Indian Hill, OH: higher priced homes
- Madeira, OH: less expensive homes
- Camp Dennison, OH: higher priced homes
Cities with Similar Populations
- Klahanie, WA: higher priced homes
- Lakeland South, WA: equally priced homes
- Lakeland Highlands, FL: less expensive homes
- Lake Stickney, WA: equally priced homes
- Lake Station, IN: less expensive homes
- Lake Morton-Berrydale, WA: higher priced homes
- Lake Grove, NY: equally priced homes
- Lake Geneva, WI: less expensive homes
- Lake Elmo, MN: equally priced homes
- Lake Butler, FL: less expensive homes
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