Montgomery County, Maryland 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 42% above the Maryland median More expensive than 70% of counties in Maryland$378,273
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Median rent 21% above the Maryland median Among the 3 most expensive counties in Maryland$2,068
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $378,273 | $267,101 | $248,835 |
| Price Trend (Annual %) | 0.2% | 3.4% | 7.5% |
| Median Gross Rent | $2,068 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 42% higher than in Maryland. Rent is about 21% higher than the Maryland 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 0.2% and 2.9% a year respectively. Rent is changing faster.
Median rent in Montgomery County rose about 27.2% between 2015 and 2024, from $1,626 to $2,068. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Montgomery County.
Buying the median-priced home in Montgomery County costs roughly 15.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Montgomery County. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Montgomery County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $378,273 | $267,101 | $248,835 |
| Median Household Income | $132,324 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.9 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County fell about 6.2%, while median household income rose about 40.5% 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 | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.5% | 62.4% | 58.5% |
| Rental Rate | 33.2% | 29.9% | 31.2% |
| Vacancy Rate | 4.3% | 7.7% | 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 62.5%, about the same as the Maryland average of 62.4%. Its housing vacancy rate is 4.3%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Montgomery County | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1980 | 1977 | 1978 |
| Median Number of Rooms | 6.2 | 6.2 | 5.5 |
The typical housing unit in Montgomery County was built around 1980. On average, 2.7 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Montgomery County, MD Housing Compared With Nearby Counties
Montgomery County, MD is the largest of the 4 counties compared here, 1,065,586 residents against a local median of 336,328. The measure that sets Montgomery County, MD apart most is homeownership: 65.3%, 57% above the local median of 41.5%. That is the better end of the local range on this measure.
The counties themselves spread 30.2% on homeownership, so Montgomery County, MD sits at one end of an already wide local range rather than apart from it. Montgomery County, MD has the 2nd highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, MD | 1,065,586 | $378,273 #3/4 | $2,068 #3/4 | 65.3% #2/4 |
| Arlington County, VA | 236,150 | $370,061 | $2,321 | 41.3% |
| Howard County, MD | 336,328 | $444,355 | $2,099 | 71.5% |
| District of Columbia, DC | 678,314 | $597,276 | $1,953 | 41.5% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Maryland.
What is the median home price in Montgomery County, Maryland?
The median home price in Montgomery County, Maryland is $378,273, higher than the Maryland average of $267,101.
What is the average home price in Montgomery County, Maryland?
The typical home price in Montgomery County, Maryland, reported as the median sale price, is $378,273. 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, Maryland?
The median gross rent in Montgomery County, Maryland is $2,068 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Maryland was $1,783 per month.
What is the price-to-rent ratio in Montgomery County, Maryland?
The price-to-rent ratio in Montgomery County, Maryland is about 15.2, meaning it would take roughly 15.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Montgomery County.
Are home prices or rent rising faster in Montgomery County, Maryland?
Both home prices and rent are rising in Montgomery County, up about 0.2% and 2.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Montgomery County, Maryland?
62.5% of households in Montgomery County, Maryland own their home, about the same as the Maryland average.
What is the vacancy rate in Montgomery County, Maryland?
The housing vacancy rate in Montgomery County, Maryland is 4.3%, lower than the Maryland average of 7.7%.
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