Montgomery County, Kentucky 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.
-
Median home price 17% above the Kentucky median$137,665
-
Median rent 14% below the Kentucky median$830
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,665 | $118,017 | $248,835 |
| Price Trend (Annual %) | 8.3% | 3.8% | 7.5% |
| Median Gross Rent | $830 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 17% higher than in Kentucky. Rent is about 14% lower than the Kentucky 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 8.3% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Montgomery County rose about 28.7% between 2015 and 2024, from $645 to $830. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Montgomery County.
Buying the median-priced home in Montgomery County costs roughly 13.8 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 Kentucky is about 10.2.
| Metric | Montgomery County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,665 | $118,017 | $248,835 |
| Median Household Income | $56,855 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County rose about 4.5%, while median household income rose about 55.9% 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 | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.5% | 61.3% | 58.5% |
| Rental Rate | 28.5% | 28.4% | 31.2% |
| Vacancy Rate | 10.0% | 10.3% | 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 61.5%, about the same as the Kentucky average of 61.3%. Its housing vacancy rate is 10.0%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Montgomery County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1982 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Montgomery County was built around 1982. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Montgomery County, KY Housing Compared With Nearby Counties
How Montgomery County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, KY | 28,394 | $137,665 #2/3 | $830 #2/3 | 68.3% #3/3 |
| Clark County, KY | 37,190 | $217,279 | $937 | 70.7% |
| Menifee County, KY | 6,230 | $130,288 | $674 | 75.5% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Kentucky.
What is the median home price in Montgomery County, Kentucky?
The median home price in Montgomery County, Kentucky is $137,665, higher than the Kentucky average of $118,017.
What is the average home price in Montgomery County, Kentucky?
The typical home price in Montgomery County, Kentucky, reported as the median sale price, is $137,665. 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, Kentucky?
The median gross rent in Montgomery County, Kentucky is $830 per month, lower than the Kentucky average of $967.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Kentucky was $696 per month.
What is the price-to-rent ratio in Montgomery County, Kentucky?
The price-to-rent ratio in Montgomery County, Kentucky is about 13.8, meaning it would take roughly 13.8 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, Kentucky?
Both home prices and rent are rising in Montgomery County, up about 8.3% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Montgomery County, Kentucky?
61.5% of households in Montgomery County, Kentucky own their home, about the same as the Kentucky average.
What is the vacancy rate in Montgomery County, Kentucky?
The housing vacancy rate in Montgomery County, Kentucky is 10.0%, lower than the Kentucky average of 10.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →