Montgomery Village, MD—20886
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montgomery Village, MD
As of Oct '25, the median home price in Montgomery Village, MD is $384,000, with a year-over-year change of 1.2%. This indicates that home prices in Montgomery Village, MD are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | 1.2% |
| Single Family | $415,000 | 0.5% |
| Condos | $226,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $182,000 | -1.1% |
2 Bed | $267,000 | 0.8% |
3 Bed | $391,000 | 0.8% |
4 Bed | $516,000 | -0.4% |
| 5 Bed | $677,000 | -0.9% |
% of Housing Stock
Rental Trends — Montgomery Village, MD
As of July '25, Rentcast reports the average rent in Montgomery Village, MD is $2,410, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Montgomery Village, MD is studios: $1,400, 1-bedrooms: $1,510, 2-bedrooms: $2,130, 3-bedrooms: $2,720, 4-bedrooms: $2,990. The most common rental property sizes in Montgomery Village, MD are 2-bedroom and 3-bedroom, accounting for 41.3% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,410 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,700 | $1,510 |
| 2 Bed Rent | $2,100 | $2,130 |
| 3 Bed Rent | $2,650 | $2,720 |
| 4 Bed Rent | $2,900 | $2,990 |
% of Rental Stock
Property Listings — Montgomery Village, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Montgomery Village, MD is 28. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | 16.0% |
Listing Count | 113 | 32.0% |
| Listings as % of Homes | 0.9% | 32.0% |
Days on Market | 28 | 22.0% |
Demographics — Montgomery Village, MD
As of the latest ACS Survey released in 2023, Montgomery Village, MD has a population of 34,400, which has remained stable by 0.9% over the past 5 years. Montgomery Village, MD is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 43.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,400 | 0.9% |
% Under 18 | 23.6% | -4.1% |
% Seniors | 13.6% | 27.1% |
% WFH | 17.6% | 282.6% |
% w/ College Degree | 43.4% | 0.9% |
As of the latest ACS Survey released in 2023, Montgomery Village, MD is a predominantly hispanic area, with 34.7% of the population identifying as hispanic. The hispanic population has grown by 5.2% in the last 5 years. The second most common race or ethnicity in Montgomery Village, MD is black, making up 23.8% of the population. Foreign-born residents account for 35.5% of the population in Montgomery Village, MD, and this percentage has decreased by 5.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 23.0% | -23.3% |
% Black | 23.8% | 9.2% |
% Hispanic | 34.7% | 5.2% |
% Asian | 13.7% | 16.1% |
% Foreign Born | 35.5% | -5.3% |
Mortgage and Risk — Montgomery Village, MD
According to HUD data as of 2023, there were 603 mortgage originations in Montgomery Village, MD, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Montgomery Village, MD. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 603 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Montgomery Village, MD
As of 2024, the percent of homes in Montgomery Village, MD under the Section 8 program is 6.7%. 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. In Montgomery Village, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 273 |
Total Units Section 8 | 266 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,700 | $1,910 |
| 2 Bedroom | $50 | $2,100 | $2,150 |
| 3 Bedroom | $40 | $2,650 | $2,690 |
| 4 Bedroom | $270 | $2,900 | $3,170 |
Affordability — Montgomery Village, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $384,000 |
| Median Household Income | $98,800 |