Montgomery County
Maryland · Pop. 1,062,061
Ranked #162 of 200 counties
30Crisis
Median Home Price
🏠$550K
2.5% YoY
Median Rent
🔑$2,000
Median Income
💰$110K
Rent Burden
📊26.0%
% of income to rent
Housing Shortage
🏗️8,000
estimated unit deficit
Building Permits (2024)
📋4,500
Price-to-Income Ratio
⚖️5.0x
Homeownership Rate
🏡66.0%
How Montgomery County Compares
| Metric | Montgomery County | Maryland | National |
|---|---|---|---|
| Home Price | $550K | $414K | $410K |
| Rent | $2,000 | $1,651 | $1,500 |
| Income | $110K | $99K | $75K |
| Rent Burden | 26.0% | 33.5% | 30.0% |
| Homeownership | 66.0% | 68.0% | 65.0% |
Key Takeaways
- • Home prices are 34% above the national average.
- • Rent is 33% above the national average.
- • The county has an estimated housing shortage of 8,000 units.
- • 4,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 2.5%.