Montgomery County, Tennessee 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 17% below the Tennessee median$213,390
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Median rent 10% above the Tennessee median More expensive than 94% of counties in Tennessee$1,308
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,390 | $255,786 | $248,835 |
| Price Trend (Annual %) | 8.6% | 9.9% | 7.5% |
| Median Gross Rent | $1,308 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 17% lower than in Tennessee. Rent is about 10% higher than the Tennessee 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 8.6% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Montgomery County rose about 49.5% between 2015 and 2024, from $875 to $1,308. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 2.8 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 Tennessee is about 17.9.
| Metric | Montgomery County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,390 | $255,786 | $248,835 |
| Median Household Income | $75,606 | $69,901 | $80,455 |
| Price-to-Income Ratio | 2.8 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County rose about 82.9%, while median household income rose about 48.7% 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 | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.1% | 60.1% | 58.5% |
| Rental Rate | 35.8% | 29.7% | 31.2% |
| Vacancy Rate | 6.1% | 10.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Montgomery County has a homeownership rate of 58.1%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 6.1%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Montgomery County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1994 | 1986 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Montgomery County was built around 1994. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Montgomery County, TN Housing Compared With Nearby Counties
Montgomery County, TN is the largest of the 4 counties compared here, 234,153 residents against a local median of 55,983. Where Montgomery County, TN breaks from the counties next to it is median home price, sitting 213% above the local median of $68,203 at $213,390.
Median rent tells the same story from another angle: $1,308 against a local median of $1,040, 26% above it. The one measure here that carries a verdict is homeownership, and at 23% below the local median it puts Montgomery County, TN at the weaker end of the local range. The counties themselves spread $226,245 on median home price, so Montgomery County, TN sits at one end of an already wide local range rather than apart from it. Montgomery County, TN has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, TN | 234,153 | $213,390 #2/4 | $1,308 #2/4 | 61.9% #3/4 |
| Dickson County, TN | 55,983 | $284,444 | $1,015 | 80.3% |
| Cheatham County, TN | 41,825 | $68,203 | $1,345 | 81.5% |
| Christian County, KY | 72,067 | $58,199 | $1,040 | 50.0% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Tennessee.
What is the median home price in Montgomery County, Tennessee?
The median home price in Montgomery County, Tennessee is $213,390, lower than the Tennessee average of $255,786.
What is the average home price in Montgomery County, Tennessee?
The typical home price in Montgomery County, Tennessee, reported as the median sale price, is $213,390. 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, Tennessee?
The median gross rent in Montgomery County, Tennessee is $1,308 per month, higher than the Tennessee average of $1,188.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Tennessee was $972 per month.
What is the price-to-rent ratio in Montgomery County, Tennessee?
The price-to-rent ratio in Montgomery County, Tennessee 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, Tennessee?
Both home prices and rent are rising in Montgomery County, up about 8.6% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Montgomery County, Tennessee?
58.1% of households in Montgomery County, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Montgomery County, Tennessee?
The housing vacancy rate in Montgomery County, Tennessee is 6.1%, lower than the Tennessee average of 10.2%.
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