Montgomery County, Pennsylvania 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 80% above the Pennsylvania median Among the 3 most expensive counties in Pennsylvania$273,761
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Median rent 39% above the Pennsylvania median Among the 3 most expensive counties in Pennsylvania$1,683
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $273,761 | $152,469 | $248,835 |
| Price Trend (Annual %) | 2.4% | 3.7% | 7.5% |
| Median Gross Rent | $1,683 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 80% higher than in Pennsylvania. Rent is about 39% higher than the Pennsylvania 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 2.4% and 4.6% a year respectively. Rent is changing faster.
Median rent in Montgomery County rose about 45.4% between 2015 and 2024, from $1,157 to $1,683. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Montgomery County.
Buying the median-priced home in Montgomery County costs roughly 13.6 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 Pennsylvania is about 10.5.
| Metric | Montgomery County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $273,761 | $152,469 | $248,835 |
| Median Household Income | $114,626 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County rose about 22.5%, while median household income rose about 48.1% 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 | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.4% | 63.0% | 58.5% |
| Rental Rate | 27.4% | 27.9% | 31.2% |
| Vacancy Rate | 4.2% | 9.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Montgomery County has a homeownership rate of 68.4%, higher than the Pennsylvania average of 63.0%. Its housing vacancy rate is 4.2%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Montgomery County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1965 | 1966 | 1978 |
| Median Number of Rooms | 6.4 | 6.0 | 5.5 |
The typical housing unit in Montgomery County was built around 1965. On average, 2.5 people live in a home with about 6.4 rooms, staying for about 17.0 years on average.
Montgomery County, PA Housing Compared With Nearby Counties
Montgomery County, PA is the 2nd largest of the 6 counties compared here, 867,535 residents against a local median of 578,234. Where Montgomery County, PA breaks from the counties next to it is median home price, sitting 27% above the local median of $215,869 at $273,761.
Median rent tells the same story from another angle: $1,683 against a local median of $1,396, 21% above it. The counties themselves spread $54,026 on median home price, so Montgomery County, PA sits at one end of an already wide local range rather than apart from it. Montgomery County, PA has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, PA | 867,535 | $273,761 #1/6 | $1,683 #2/6 | 71.4% #3/6 |
| Bucks County, PA | 647,283 | $248,394 | $1,605 | 77.8% |
| Delaware County, PA | 578,234 | $194,369 | $1,372 | 69.6% |
| Philadelphia County, PA | 1,579,069 | $209,765 | $1,396 | 51.8% |
| Chester County, PA | 543,223 | $226,626 | $1,763 | 75.1% |
| Lehigh County, PA | 378,708 | $215,869 | $1,383 | 65.6% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Pennsylvania.
What is the median home price in Montgomery County, Pennsylvania?
The median home price in Montgomery County, Pennsylvania is $273,761, higher than the Pennsylvania average of $152,469.
What is the average home price in Montgomery County, Pennsylvania?
The typical home price in Montgomery County, Pennsylvania, reported as the median sale price, is $273,761. 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, Pennsylvania?
The median gross rent in Montgomery County, Pennsylvania is $1,683 per month, higher than the Pennsylvania average of $1,208.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Pennsylvania was $1,323 per month.
What is the price-to-rent ratio in Montgomery County, Pennsylvania?
The price-to-rent ratio in Montgomery County, Pennsylvania is about 13.6, meaning it would take roughly 13.6 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, Pennsylvania?
Both home prices and rent are rising in Montgomery County, up about 2.4% and 4.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Montgomery County, Pennsylvania?
68.4% of households in Montgomery County, Pennsylvania own their home, higher than the Pennsylvania average of 63.0%.
What is the vacancy rate in Montgomery County, Pennsylvania?
The housing vacancy rate in Montgomery County, Pennsylvania is 4.2%, lower than the Pennsylvania average of 9.1%.
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