Montgomery County, Georgia Housing Market Prices
Montgomery County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 57% above the Georgia median More expensive than 95% of counties in Georgia$404,687
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Median rent 45% below the Georgia median Cheaper than 77% of counties in Georgia$760
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $404,687 | $256,986 | $248,835 |
| Price Trend (Annual %) | 60.4% | 8.9% | 7.5% |
| Median Gross Rent | $760 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 57% higher than in Georgia. Rent is about 45% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Montgomery County, up about 60.4% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Montgomery County rose about 36.2% between 2015 and 2024, from $558 to $760. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 7.9 yearly household incomes in Montgomery County.
Buying the median-priced home in Montgomery County costs roughly 44.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Montgomery County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Montgomery County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $404,687 | $256,986 | $248,835 |
| Median Household Income | $51,341 | $77,523 | $80,455 |
| Price-to-Income Ratio | 7.9 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County rose about 792.2%, while median household income rose about 44.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Montgomery County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 58.9% | 58.5% |
| Rental Rate | 19.7% | 30.8% | 31.2% |
| Vacancy Rate | 17.2% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Montgomery County has a homeownership rate of 63.1%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 17.2%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Montgomery County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1983 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Montgomery County was built around 1983. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Montgomery County, GA Housing Compared With Nearby Counties
How Montgomery County, GA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, GA | 8,640 | $404,687 #1/2 | $760 #1/2 | 76.2% #1/2 |
| Treutlen County, GA | 6,376 | $150,000 | $732 | 65.3% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Georgia.
What is the median home price in Montgomery County, Georgia?
The median home price in Montgomery County, Georgia is $404,687, higher than the Georgia average of $256,986.
What is the average home price in Montgomery County, Georgia?
The typical home price in Montgomery County, Georgia, reported as the median sale price, is $404,687. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Montgomery County, Georgia?
The median gross rent in Montgomery County, Georgia is $760 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Georgia was $659 per month.
What is the price-to-rent ratio in Montgomery County, Georgia?
The price-to-rent ratio in Montgomery County, Georgia is about 44.4, meaning it would take roughly 44.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Montgomery County.
Are home prices or rent rising faster in Montgomery County, Georgia?
Both home prices and rent are rising in Montgomery County, up about 60.4% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Montgomery County, Georgia?
63.1% of households in Montgomery County, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Montgomery County, Georgia?
The housing vacancy rate in Montgomery County, Georgia is 17.2%, higher than the Georgia average of 10.3%.
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