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Montgomery County Housing Market

Indiana · 92 counties · Ranked #1438 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$166,300

vs national$166,300 vs $281,900 national

Median Gross Rent

$827/mo

vs national$827 vs $1,163 national

Effective Tax Rate

0.63%

vs national0.63% vs 1.02% national

Median Household Income

$66,571

vs national$66,571 vs $74,755 national

Affordability Ratio

2.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,047

Tax as % of Home Value

0.63%

Monthly Owner Cost

$951

Renter Income

$31,413

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Mortgage

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Montgomery County?

The median home value in Montgomery County is $166,300. This is below the national median of $281,900.

How much is rent in Montgomery County?

The median gross rent in Montgomery County is $827 per month.

What is the property tax rate in Montgomery County?

The effective property tax rate in Montgomery County is 0.63%. The median annual property tax bill is $1,047.

Is Montgomery County affordable?

With a home-value-to-income ratio of 2.5x, Montgomery County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.