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Montgomery County Housing Market

Virginia · 133 counties · Ranked #2580 in home value

Above National Avg

Housing at a Glance

Median Home Value

$283,600

vs national+$283,600 vs $281,900 national

Median Gross Rent

$1,206/mo

vs national+$1,206 vs $1,163 national

Effective Tax Rate

0.77%

vs national0.77% vs 1.02% national

Median Household Income

$70,769

vs national$70,769 vs $74,755 national

Affordability Ratio

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

Rent Burden

30.0%

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

More Housing Data

Property Tax (Median)

$2,174

Tax as % of Home Value

0.77%

Monthly Owner Cost

$996

Renter Income

$36,588

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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 $283,600. This is above the national median of $281,900.

How much is rent in Montgomery County?

The median gross rent in Montgomery County is $1,206 per month.

What is the property tax rate in Montgomery County?

The effective property tax rate in Montgomery County is 0.77%. The median annual property tax bill is $2,174.

Is Montgomery County affordable?

With a home-value-to-income ratio of 4x, Montgomery County is moderately 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.