Montgomery County, Ohio 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 7% below the Ohio median$128,931
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Median rent 1% below the Ohio median More expensive than 83% of counties in Ohio$1,026
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $128,931 | $139,044 | $248,835 |
| Price Trend (Annual %) | 8.9% | 6.7% | 7.5% |
| Median Gross Rent | $1,026 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 7% lower than in Ohio. Rent is about 1% lower than the Ohio 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 8.9% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Montgomery County rose about 41.1% between 2015 and 2024, from $727 to $1,026. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Montgomery County.
Buying the median-priced home in Montgomery County costs roughly 10.5 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 County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Montgomery County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $128,931 | $139,044 | $248,835 |
| Median Household Income | $66,795 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.9 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County rose about 81.6%, while median household income rose about 48.0% 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 | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 61.7% | 58.5% |
| Rental Rate | 34.3% | 30.1% | 31.2% |
| Vacancy Rate | 8.5% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Montgomery County has a homeownership rate of 57.1%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 8.5%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Montgomery County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1967 | 1970 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Montgomery County was built around 1967. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Montgomery County, OH Housing Compared With Nearby Counties
Montgomery County, OH is the largest of the 6 counties compared here, 535,982 residents against a local median of 169,687. Where Montgomery County, OH breaks from the counties next to it is median home price, sitting 28% below the local median of $179,506 at $128,931.
The counties themselves spread $250,631 on median home price, so Montgomery County, OH sits at one end of an already wide local range rather than apart from it. Montgomery County, OH has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, OH | 535,982 | $128,931 #5/6 | $1,026 #4/6 | 62.5% #6/6 |
| Miami County, OH | 110,296 | $223,077 | $965 | 73.4% |
| Warren County, OH | 249,858 | $339,653 | $1,360 | 79.4% |
| Preble County, OH | 40,765 | $164,705 | $794 | 79.7% |
| Greene County, OH | 169,687 | $179,506 | $1,135 | 68.0% |
| Butler County, OH | 393,616 | $89,021 | $1,134 | 69.9% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Ohio.
What is the median home price in Montgomery County, Ohio?
The median home price in Montgomery County, Ohio is $128,931, lower than the Ohio average of $139,044.
What is the average home price in Montgomery County, Ohio?
The typical home price in Montgomery County, Ohio, reported as the median sale price, is $128,931. 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, Ohio?
The median gross rent in Montgomery County, Ohio is $1,026 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Ohio was $809 per month.
What is the price-to-rent ratio in Montgomery County, Ohio?
The price-to-rent ratio in Montgomery County, Ohio is about 10.5, meaning it would take roughly 10.5 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 County.
Are home prices or rent rising faster in Montgomery County, Ohio?
Both home prices and rent are rising in Montgomery County, up about 8.9% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Montgomery County, Ohio?
57.1% of households in Montgomery County, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Montgomery County, Ohio?
The housing vacancy rate in Montgomery County, Ohio is 8.5%, higher than the Ohio average of 8.1%.
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