Montgomery Village, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montgomery Village Neighborhoods Since 2000




Montgomery Village, MD Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Montgomery Village Housing Market Information

With 33,801 people, 11,633 houses or apartments, and a median cost of homes of $280,036, 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 48.67% of the town's housing units. Other types of housing that are prevalent in Montgomery Village include large apartment complexes or high rise apartments ( 27.80%), single-family detached homes ( 22.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.40%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 69.71% of Montgomery Village's homes, and 58.92% 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 ( 8.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.73%).

Montgomery Village Home Appreciation Rates

Homes have actually lost value in Montgomery Village over the last then years, as home values have seen a decline of 23.76% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Montgomery Village home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

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 0.48%, 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 -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Montgomery Village's latest annual appreciation rate is lower than 80% 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:
$280,036

Montgomery Village, MD HOME PRICES

Value Range
> $1,050,000 0.4
$788,001 - $1,050,000 0.3
$525,001 - $788,000 7.3
$420,001 - $525,000 13.0
$315,001 - $420,000 15.6
$210,001 - $315,000 32.3
$105,001 - $210,000 25.4
$53,001 - $105,000 3.6
$0 - $53,000 2.0

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
18.4870502754014 56.1068702290076

Number Of Homes And Apartments:
11,633

Montgomery Village Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
74.03% 3.26% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,765 / per month

Homeownership Rate

Homeownership
Owners 69.71
Renters 30.29
Vacant 6.94

Housing Market Details

 

Age of Homes

AGE OF Montgomery Village HOMES
2000 or Newer 2.7
1970 - 1999 87.9
1940 - 1969 8.7
1939 or Older 0.7

Types of Homes

TYPE OF Montgomery Village HOMES
Single-Family 22.0
Townhomes 48.7
Small Apt. Buildings 1.4
Apt. Complexes 27.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Montgomery Village HOMES
No Bedroom 1.33
1 Bedroom 11.59
2 Bedrooms 23.11
3 Bedrooms 36.46
4 Bedrooms 22.46
5 or more bedrooms 5.05