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These days, finding an affordable place to live in the Montgomery Village area can be challenging. Home prices in Montgomery Village are now at a median cost of $388,888, lower than the Maryland average of $450,578.
The average cost of rent is $2,023/mo in Montgomery Village, primarily driven by the current value of real estate in the Montgomery Village area. In Montgomery Village, 33.06% of households rent, and 29.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montgomery Village is $9,453 per month. Households that rent pay about 21.40% of their income on rent here. Montgomery Village’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gaithersburg, MD: higher priced homes
- Washington Grove, MD: higher priced homes
- Germantown, MD: higher priced homes
- Laytonsville, MD: higher priced homes
- Redland, MD: higher priced homes
- Derwood, MD: higher priced homes
- Boyds, MD: higher priced homes
- Clarksburg, MD: higher priced homes
- North Potomac, MD: higher priced homes
- Rockville, MD: higher priced homes
Cities with Similar Populations
- Windsor, CO: higher priced homes
- Gaffney, SC: less expensive homes
- Staunton, VA: less expensive homes
- West Little River, FL: equally priced homes
- Cabo Rojo, PR: less expensive homes
- Watertown Town, MA: higher priced homes
- Sylvania, OH: less expensive homes
- Clemmons, NC: less expensive homes
- Manchester, CT: less expensive homes
- Roseville, MN: equally priced homes
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