Montgomery County, Maryland Housing Market
In Montgomery County, Maryland, the median home value is $640,300, with a median monthly rent of $2,068. This places Montgomery County at #68 nationally out of 3134 counties by median home value, and #1 within Maryland.
📈 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: $1,761
- Establishments: 36,232
- BLS QCEW, 2025
Housing Supply
- Single-family: 804
- Multi-family: 607
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 445,690 (avg $157,389)
- Outflow: 444,645 (avg $158,443)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Montgomery County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 20841 | 240.9 | -0.29% | 2025 |
| 2 | 20861 | 255.6 | -0.26% | 2025 |
| 3 | 20815 | 274.5 | -3.84% | 2025 |
| 4 | 20854 | 273.1 | +3.74% | 2025 |
| 5 | 20866 | 273.4 | +1.90% | 2025 |
| 6 | 20882 | 246.6 | +4.73% | 2025 |
| 7 | 20816 | 270.9 | -0.57% | 2025 |
| 8 | 20817 | 300.3 | +3.34% | 2025 |
| 9 | 20910 | 307.5 | -4.94% | 2025 |
| 10 | 20837 | 275.5 | +0.30% | 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.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Montgomery County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Montgomery County →How Montgomery County Compares
| Metric | Montgomery County | Maryland Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $640,300 | $370,016 | $227,706 |
| Median Gross Rent | $2,068 | $1,459 | $968 |
| Owner Occupancy Rate | 65.3% | 72.7% | 73.3% |
| Price/Rent Ratio | 25.8 | 21.1 | 18.7 |
Market Analysis
The median home value in Montgomery County is 73.0% above the Maryland state average and 181.2% above the U.S. national average. The median rent of $2,068/month is 41.7% above the state average.
With a price-to-rent ratio of 25.8, Montgomery County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Montgomery County has an owner-occupancy rate of 65.3%, compared to 72.7% in Maryland 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 |
|---|---|---|---|
| Mono County | California | $639,400 | $1,629 |
| Jefferson County | Colorado | $637,600 | $1,861 |
| Deschutes County | Oregon | $650,900 | $1,787 |
| Barnstable County | Massachusetts | $629,000 | $1,678 |
| Western Connecticut Planning Region | Connecticut | $652,900 | $2,110 |
Other Counties in Maryland
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Howard County | $597,900 | $2,099 | 71.5% |
| Anne Arundel County | $467,900 | $2,071 | 75.1% |
| Frederick County | $464,600 | $1,774 | 77.0% |
| Queen Anne's County | $462,700 | $1,619 | 82.9% |
| Calvert County | $460,200 | $1,759 | 87.2% |
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).