Montgomery County, Indiana Housing Market
In Montgomery County, Indiana, the median home value is $171,800, with a median monthly rent of $858. This places Montgomery County at #1765 nationally out of 3134 counties by median home value, and #56 within Indiana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,182
- Establishments: 877
- BLS QCEW, 2025
Housing Supply
- Single-family: 89
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 15,939 (avg $64,312)
- Outflow: 15,323 (avg $64,930)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Montgomery County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46172 | 222.1 | +8.88% | 2025 |
| 2 | 47981 | 167.1 | +14.00% | 2021 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Montgomery County Compares
| Metric | Montgomery County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $171,800 | $191,898 | $227,706 |
| Median Gross Rent | $858 | $910 | $968 |
| Owner Occupancy Rate | 80.3% | 76.3% | 73.3% |
| Price/Rent Ratio | 16.7 | 17.5 | 18.7 |
Market Analysis
The median home value in Montgomery County is 10.5% below the Indiana state average and 24.6% below the U.S. national average. The median rent of $858/month is 5.7% below the state average.
With a price-to-rent ratio of 16.7, the buy-vs-rent decision in Montgomery County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Montgomery County has an owner-occupancy rate of 80.3%, compared to 76.3% in Indiana and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Schuyler County | New York | $171,800 | $899 |
| Montgomery County | Alabama | $171,900 | $1,092 |
| Jersey County | Illinois | $171,900 | $846 |
| Henderson County | Kentucky | $171,900 | $777 |
| Stone County | Arkansas | $171,600 | $626 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Newton County | $171,500 | $918 | 81.1% |
| Washington County | $172,200 | $780 | 82.1% |
| Owen County | $172,400 | $911 | 81.4% |
| Union County | $173,500 | $760 | 79.8% |
| Tipton County | $174,600 | $842 | 81.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).