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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Montgomery Village, MD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Montgomery Village, MD Housing Market Trends

With 34,893 people, 12,132 houses or apartments, and a median cost of homes of $413,286, Montgomery Village real estate prices are well above average cost compared to national prices.

Row houses and other attached homes are the single most common housing type in Montgomery Village, accounting for 50.91% of the town's housing units. Other types of housing that are prevalent in Montgomery Village include large apartment complexes or high rise apartments ( 25.09%), single-family detached homes ( 21.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.91%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Montgomery Village. Owner-occupied housing accounts for 66.52% of Montgomery Village's homes, and 60.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Montgomery Village built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Montgomery Village built between 1940-1969 ( 8.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.11%).

Montgomery Village Home Appreciation Rates

Montgomery Village's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Montgomery Village during the period has been just 4.27%, which is lower than 80% of US communities.

Over the last year, Montgomery Village appreciation rates have trailed the rest of the nation. In the last twelve months, Montgomery Village's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Montgomery Village were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Maryland, our data show that Montgomery Village's latest annual appreciation rate is lower than 60% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Montgomery Village differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Montgomery Village - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Montgomery Village real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$413,286

Montgomery Village, MD Home Prices
> $1,160,000
$870,001 - $1,160,000
$580,001 - $870,000
$464,001 - $580,000
$348,001 - $464,000
$232,001 - $348,000
$116,001 - $232,000
$58,001 - $116,000
$0 - $58,000
0.6%
0.6%
1.6%
1.6%
15.8%
15.8%
15.7%
15.7%
29.0%
29.0%
25.0%
25.0%
8.6%
8.6%
0.3%
0.3%
3.4%
3.4%
0% 100.0%
% of Homes
Low

for Maryland

High

for nation

Number of Homes And Apartments:

12,132

Montgomery Village Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,437 / per month

Homeownership Rate

Owners
Renters
66.5%
66.5%
33.5%
33.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.8%
4.8%
95.2%
95.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.1%
3.1%
88.3%
88.3%
8.1%
8.1%
0.4%
0.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
21.8%
21.8%
50.9%
50.9%
1.9%
1.9%
25.1%
25.1%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
10.7%
10.7%
20.9%
20.9%
39.5%
39.5%
21.3%
21.3%
6.0%
6.0%
0% 100.0%
% of Homes