Montgomery County, IN

Comprehensive housing, income, and cost of living data for Montgomery County, Indiana. Population: 38.0K.

Median Home Price
$205.1K

Based on 10 cities

Median Household Income
$66.6K

Annual household income

Price-to-Income Ratio
3.1x

Moderately affordable

Salary Needed to Buy
$51.8K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,047

Average annual amount

Effective Tax Rate
0.51%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,037
Property Tax$87.25
Insurance$85.45
Total Monthly$1,210
Historical Home Prices
2015
$107.9K
2016
$112.0K
+3.8%%
2017
$118.4K
+5.7%%
2018
$124.8K
+5.4%%
2019
$135.2K
+8.3%%
2020
$147.1K
+8.8%%
2021
$170.3K
+15.7%%
2022
$186.0K
+9.3%%
2023
$189.7K
+2.0%%
2024
$204.4K
+7.7%%
2025
$210.1K
+2.8%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
4.0%%

Near national average

Population Density
75

People per square mile

Homicide Rate
3.7

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
89.1%
Black
0.5%
Hispanic
6.1%
Asian
0.5%
Two or More Races
2.8%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
51°F

Annual average

Sunny Days
187

Days per year

Annual Rainfall
42.7"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 41/100

Frequently Asked Questions

What is the median home price in Montgomery County, IN?

The median home price in Montgomery County, Indiana is $205.1K. The price-to-income ratio is 3.1x, meaning the median home costs 3.1 times the median household income.

What salary do you need to buy a home in Montgomery County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $51.8K per year to buy the median home in Montgomery County, IN. Monthly housing costs break down to $1,037 for mortgage, $87.25 for property tax, and $85.45 for insurance.

What is the property tax rate in Montgomery County?

The effective property tax rate in Montgomery County is 0.51%, which comes to approximately $1,047 per year on the median home.

What is the median household income in Montgomery County?

The median household income in Montgomery County, Indiana is $66.6K per year, based on Census Bureau American Community Survey data. The unemployment rate is 4.0%%.

Is Montgomery County a good place to live?

Montgomery County, Indiana has a population of 38.0K. Housing affordability is strong with a price-to-income ratio of 3.1x. The climate averages 51 degrees F with 187 sunny days per year. Compare Montgomery County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.