Montgomery County, Indiana 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 33% below the Indiana median$95,757
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Median rent 19% below the Indiana median$857
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,757 | $142,738 | $248,835 |
| Price Trend (Annual %) | 6.1% | 7.2% | 7.5% |
| Median Gross Rent | $857 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 33% lower than in Indiana. Rent is about 19% lower than the Indiana 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 6.1% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Montgomery County rose about 31.1% between 2015 and 2024, from $654 to $857. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Montgomery County.
Buying the median-priced home in Montgomery County costs roughly 9.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Montgomery County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Montgomery County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,757 | $142,738 | $248,835 |
| Median Household Income | $71,247 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County rose about 29.5%, while median household income rose about 34.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Montgomery County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.5% | 64.4% | 58.5% |
| Rental Rate | 18.6% | 26.9% | 31.2% |
| Vacancy Rate | 5.9% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Montgomery County has a homeownership rate of 75.5%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 5.9%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Montgomery County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1965 | 1975 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Montgomery County was built around 1965. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Montgomery County, IN Housing Compared With Nearby Counties
Montgomery County, IN is the 3rd largest of the 5 counties compared here, 38,312 residents against a local median of 55,999. The measure that sets Montgomery County, IN apart most is median home price: $95,757, 44% below the local median of $171,142.
The counties themselves spread $185,562 on median home price, so Montgomery County, IN sits at one end of an already wide local range rather than apart from it. Montgomery County, IN has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, IN | 38,312 | $95,757 #4/5 | $857 #4/5 | 80.3% #2/5 |
| Tippecanoe County, IN | 189,071 | $137,957 | $1,124 | 53.4% |
| Putnam County, IN | 37,280 | $204,327 | $883 | 75.4% |
| Parke County, IN | 16,406 | $54,111 | $704 | 82.4% |
| Boone County, IN | 74,718 | $239,673 | $1,358 | 78.8% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Indiana.
What is the median home price in Montgomery County, Indiana?
The median home price in Montgomery County, Indiana is $95,757, lower than the Indiana average of $142,738.
What is the average home price in Montgomery County, Indiana?
The typical home price in Montgomery County, Indiana, reported as the median sale price, is $95,757. 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, Indiana?
The median gross rent in Montgomery County, Indiana is $857 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Indiana was $702 per month.
What is the price-to-rent ratio in Montgomery County, Indiana?
The price-to-rent ratio in Montgomery County, Indiana is about 9.3, meaning it would take roughly 9.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Montgomery County.
Are home prices or rent rising faster in Montgomery County, Indiana?
Both home prices and rent are rising in Montgomery County, up about 6.1% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Montgomery County, Indiana?
75.5% of households in Montgomery County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Montgomery County, Indiana?
The housing vacancy rate in Montgomery County, Indiana is 5.9%, lower than the Indiana average of 8.8%.
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