Montgomery, OH—45242
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montgomery, OH
As of Oct '25, the median home price in Montgomery, OH is $528,000, with a year-over-year change of 4.6%. This indicates that home prices in Montgomery, OH are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $528,000 | 4.6% |
| Single Family | $559,000 | 4.7% |
| Condos | $255,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $252,000 | 2.9% |
3 Bed | $399,000 | 3.4% |
4 Bed | $648,000 | 4.2% |
| 5 Bed | $879,000 | 2.8% |
% of Housing Stock
Rental Trends — Montgomery, OH
As of July '25, Rentcast reports the average rent in Montgomery, OH is $2,630, with a year-over-year rent change of -21.3%. Per bedroom, the median rent as of July '25 in Montgomery, OH is studios: $1,620, 1-bedrooms: $1,510, 2-bedrooms: $2,170, 3-bedrooms: $2,870, 4-bedrooms: $3,380. The most common rental property sizes in Montgomery, OH are 2-bedroom and 1-bedroom, accounting for 46.6% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,630 |
| Studio Rent | $1,540 | $1,620 |
| 1 Bed Rent | $1,460 | $1,510 |
| 2 Bed Rent | $2,200 | $2,170 |
| 3 Bed Rent | $2,600 | $2,870 |
| 4 Bed Rent | $2,900 | $3,380 |
% of Rental Stock
Property Listings — Montgomery, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Montgomery, OH is 40. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $800,000 | 6.0% |
Listing Count | 91 | -22.0% |
| Listings as % of Homes | 0.9% | -22.0% |
Days on Market | 40 | -10.0% |
Demographics — Montgomery, OH
As of the latest ACS Survey released in 2023, Montgomery, OH has a population of 22,300, which has decreased by -1.6% over the past 5 years. Montgomery, OH is a popular place for families, as children make up 25.7% of the population. The area has a highly educated workforce, with 70.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,300 | -1.6% |
% Under 18 | 25.7% | 2.8% |
% Seniors | 19.0% | -1.6% |
% WFH | 18.1% | 135.1% |
% w/ College Degree | 70.0% | 14.6% |
As of the latest ACS Survey released in 2023, Montgomery, OH is a predominantly white area, with 75.0% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Montgomery, OH is asian, making up 8.6% of the population. Foreign-born residents account for 12.3% of the population in Montgomery, OH, and this percentage has increased by 5.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.0% | -3.8% |
% Black | 6.5% | 20.4% |
% Hispanic | 6.0% | 33.3% |
% Asian | 8.6% | -8.5% |
% Foreign Born | 12.3% | 5.1% |
Mortgage and Risk — Montgomery, OH
According to HUD data as of 2023, there were 215 mortgage originations in Montgomery, OH, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Montgomery, OH. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 215 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Montgomery, OH
As of 2024, the percent of homes in Montgomery, OH under the Section 8 program is 0.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Montgomery, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 38 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,460 | $1,490 |
| 2 Bedroom | -$270 | $2,200 | $1,930 |
| 3 Bedroom | -$40 | $2,600 | $2,560 |
| 4 Bedroom | -$70 | $2,900 | $2,830 |
Affordability — Montgomery, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $528,000 |
| Median Household Income | $121,000 |