Montgomery County, Iowa Housing Market
In Montgomery County, Iowa, the median home value is $121,400, with a median monthly rent of $814. This places Montgomery County at #2613 nationally out of 3134 counties by median home value, and #88 within Iowa.
📈 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: $955
- Establishments: 329
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 23
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,203 (avg $66,037)
- Outflow: 3,876 (avg $66,920)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Montgomery County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 51566 | 232.2 | +18.84% | 2025 |
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 | Iowa Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $121,400 | $171,037 | $227,706 |
| Median Gross Rent | $814 | $832 | $968 |
| Owner Occupancy Rate | 69.1% | 75.8% | 73.3% |
| Price/Rent Ratio | 12.4 | 17.0 | 18.7 |
Market Analysis
The median home value in Montgomery County is 29.0% below the Iowa state average and 46.7% below the U.S. national average. The median rent of $814/month is 2.2% below the state average.
With a price-to-rent ratio of 12.4, buying a home in Montgomery County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Montgomery County has an owner-occupancy rate of 69.1%, compared to 75.8% in Iowa and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Colquitt County | Georgia | $121,400 | $818 |
| Ohio County | Kentucky | $121,400 | $739 |
| Harrison County | Ohio | $121,500 | $785 |
| Potter County | South Dakota | $121,300 | $1,008 |
| Red River County | Texas | $121,500 | $1,044 |
Other Counties in Iowa
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Audubon County | $121,900 | $759 | 76.2% |
| Union County | $122,000 | $721 | 72.1% |
| Hardin County | $122,500 | $795 | 73.6% |
| Lucas County | $120,200 | $709 | 78.8% |
| Osceola County | $122,600 | $797 | 77.9% |
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).