Montgomery Village, Maryland Housing Market Prices
Montgomery Village 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 44% below the Maryland median$149,515
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Median rent 12% above the Maryland median$1,908
Housing Market Overview
| Metric | Montgomery Village | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,515 | $267,101 | $248,835 |
| Price Trend (Annual %) | 2.9% | 3.4% | 7.5% |
| Median Gross Rent | $1,908 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery Village is about 44% lower than in Maryland. Rent is about 12% 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 Village, up about 2.9% and 3.5% a year respectively. Rent is changing faster.
Median rent in Montgomery Village rose about 35.1% between 2015 and 2024, from $1,413 to $1,908. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Montgomery Village.
Buying the median-priced home in Montgomery Village costs roughly 6.5 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 Village. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Montgomery Village | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,515 | $267,101 | $248,835 |
| Median Household Income | $94,841 | $103,916 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery Village fell about 9.6%, while median household income rose about 14.0% 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 Village | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.9% | 62.4% | 58.5% |
| Rental Rate | 31.8% | 29.9% | 31.2% |
| Vacancy Rate | 4.4% | 7.7% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Montgomery Village has a homeownership rate of 63.9%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 4.4%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Montgomery Village | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1981 | 1977 | 1978 |
| Median Number of Rooms | 5.9 | 6.2 | 5.5 |
The typical housing unit in Montgomery Village was built around 1981. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Montgomery Village, MD Housing Compared With Nearby Cities
How Montgomery Village, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery Village, MD | 25,048 | $149,515 #2/2 | $1,908 #2/2 | 66.8% #1/2 |
| Gaithersburg, MD | 71,117 | $393,858 | $2,069 | 47.0% |
Frequently Asked Questions
Common questions about the housing market in Montgomery Village, Maryland.
What is the median home price in Montgomery Village, Maryland?
The median home price in Montgomery Village, Maryland is $149,515, lower than the Maryland average of $267,101.
What is the average home price in Montgomery Village, Maryland?
The typical home price in Montgomery Village, Maryland, reported as the median sale price, is $149,515. 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 Village, Maryland?
The median gross rent in Montgomery Village, Maryland is $1,908 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Montgomery Village in 2020?
In 2020, the median gross rent in Montgomery Village, Maryland was $1,625 per month.
What is the price-to-rent ratio in Montgomery Village, Maryland?
The price-to-rent ratio in Montgomery Village, Maryland is about 6.5, meaning it would take roughly 6.5 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 Village.
Are home prices or rent rising faster in Montgomery Village, Maryland?
Both home prices and rent are rising in Montgomery Village, up about 2.9% and 3.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Montgomery Village, Maryland?
63.9% of households in Montgomery Village, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Montgomery Village, Maryland?
The housing vacancy rate in Montgomery Village, Maryland is 4.4%, lower than the Maryland average of 7.7%.
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