Montgomery County, New York Housing Market
In Montgomery County, New York, the median home value is $157,500, with a median monthly rent of $940. This places Montgomery County at #2079 nationally out of 3134 counties by median home value, and #49 within New York.
📈 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: $1,038
- Establishments: 1,149
- BLS QCEW, 2025
Housing Supply
- Single-family: 41
- Multi-family: 64
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 20,313 (avg $62,011)
- Outflow: 19,671 (avg $62,557)
- IRS Statistics of Income
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| Metric | Montgomery County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $157,500 | $281,200 | $227,706 |
| Median Gross Rent | $940 | $1,168 | $968 |
| Owner Occupancy Rate | 70.4% | 69.3% | 73.3% |
| Price/Rent Ratio | 14.0 | 18.4 | 18.7 |
Market Analysis
The median home value in Montgomery County is 44.0% below the New York state average and 30.8% below the U.S. national average. The median rent of $940/month is 19.5% below the state average.
With a price-to-rent ratio of 14.0, 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 70.4%, compared to 69.3% in New York 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 |
|---|---|---|---|
| Cook County | Georgia | $157,500 | $956 |
| Shannon County | Missouri | $157,500 | $574 |
| Pike County | Alabama | $157,600 | $856 |
| Pulaski County | Georgia | $157,600 | $883 |
| Coffey County | Kansas | $157,400 | $836 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Seneca County | $155,400 | $957 | 71.0% |
| Broome County | $154,900 | $941 | 64.5% |
| Tioga County | $160,800 | $928 | 79.1% |
| Cortland County | $162,100 | $984 | 66.3% |
| Wyoming County | $162,300 | $802 | 75.9% |
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).