Montgomery County, Missouri Housing Market
In Montgomery County, Missouri, the median home value is $178,700, with a median monthly rent of $788. This places Montgomery County at #1655 nationally out of 3134 counties by median home value, and #43 within Missouri.
📈 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: $1,018
- Establishments: 296
- BLS QCEW, 2025
Housing Supply
- Single-family: 57
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,608 (avg $57,796)
- Outflow: 4,338 (avg $58,665)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Montgomery County Compares
| Metric | Montgomery County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $178,700 | $175,712 | $227,706 |
| Median Gross Rent | $788 | $782 | $968 |
| Owner Occupancy Rate | 73.4% | 73.7% | 73.3% |
| Price/Rent Ratio | 18.9 | 18.8 | 18.7 |
Market Analysis
The median home value in Montgomery County is 1.7% above the Missouri state average and 21.5% below the U.S. national average. The median rent of $788/month is 0.8% above the state average.
With a price-to-rent ratio of 18.9, 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 73.4%, compared to 73.7% in Missouri 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 |
|---|---|---|---|
| Wayne County | North Carolina | $178,700 | $965 |
| Clay County | Iowa | $178,600 | $811 |
| Cuming County | Nebraska | $178,800 | $789 |
| Abbeville County | South Carolina | $178,800 | $799 |
| Johnson County | Tennessee | $178,600 | $674 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Benton County | $177,900 | $773 | 83.8% |
| Bollinger County | $179,800 | $694 | 82.3% |
| Nodaway County | $177,500 | $786 | 62.3% |
| Gasconade County | $179,900 | $743 | 80.9% |
| Hickory County | $176,100 | $648 | 82.4% |
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).