Montgomery County, Tennessee Housing Market
In Montgomery County, Tennessee, the median home value is $280,200, with a median monthly rent of $1,308. This places Montgomery County at #727 nationally out of 3134 counties by median home value, and #20 within Tennessee.
📈 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: $1,026
- Establishments: 4,430
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,635
- Multi-family: 1,088
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 91,943 (avg $63,536)
- Outflow: 81,420 (avg $64,829)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Montgomery County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 37191 | 306.3 | -6.24% | 2025 |
| 2 | 37010 | 321.7 | +11.39% | 2025 |
| 3 | 37040 | 292.8 | +3.75% | 2025 |
| 4 | 37042 | 295.7 | +1.18% | 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 | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $280,200 | $223,385 | $227,706 |
| Median Gross Rent | $1,308 | $892 | $968 |
| Owner Occupancy Rate | 61.9% | 74.1% | 73.3% |
| Price/Rent Ratio | 17.9 | 20.5 | 18.7 |
Market Analysis
The median home value in Montgomery County is 25.4% above the Tennessee state average and 23.1% above the U.S. national average. The median rent of $1,308/month is 46.6% above the state average.
With a price-to-rent ratio of 17.9, 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 61.9%, compared to 74.1% in Tennessee 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 |
|---|---|---|---|
| Cheshire County | New Hampshire | $280,100 | $1,276 |
| Klamath County | Oregon | $280,400 | $991 |
| Bennington County | Vermont | $279,900 | $1,109 |
| Marshall County | Tennessee | $279,800 | $946 |
| Ascension Parish | Louisiana | $279,600 | $1,318 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Marshall County | $279,800 | $946 | 76.8% |
| Bedford County | $281,200 | $1,051 | 71.9% |
| Putnam County | $282,500 | $908 | 61.2% |
| Moore County | $285,300 | $841 | 82.5% |
| Bradley County | $261,900 | $1,030 | 67.3% |
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).