Montgomery, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Montgomery Neighborhoods Since 2000




Montgomery, OH 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 Housing Market Information

With 10,506 people, 3,833 houses or apartments, and a median cost of homes of $369,806, Montgomery house prices are not only among the most expensive in Ohio, Montgomery real estate also is some of the most expensive in all of America.

Montgomery is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Montgomery than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montgomery. Owner-occupied housing accounts for 85.88% of Montgomery's homes, and 74.83% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Montgomery 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 built between 1940-1969 ( 32.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.87%).

Montgomery Home Appreciation Rates

Appreciation rates for homes in Montgomery have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.20%, which ranks in the top 30% nationwide. This equates to an annual average Montgomery house appreciation rate of 1.16%.

NeighborhoodScout's data show that during the latest twelve months, Montgomery's appreciation rate, at 5.16%, has been at or slightly above the national average. In the latest quarter, Montgomery's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Ohio, our data show that Montgomery's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$369,806

Montgomery, OH HOME PRICES

Value Range
> $1,156,000 1.7
$867,001 - $1,156,000 4.9
$578,001 - $867,000 10.4
$462,001 - $578,000 8.2
$347,001 - $462,000 22.0
$231,001 - $347,000 30.6
$116,001 - $231,000 16.5
$58,001 - $116,000 3.6
$0 - $58,000 2.1

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
10.8988632368452 2.23097112860892

Number Of Homes And Apartments:
3,833

Montgomery Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
37.56% 1.87% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,324 / per month

Homeownership Rate

Homeownership
Owners 85.88
Renters 14.12
Vacant 5.15

Housing Market Details

 

Age of Homes

AGE OF Montgomery HOMES
2000 or Newer 12.9
1970 - 1999 53.3
1940 - 1969 32.9
1939 or Older 0.9

Types of Homes

TYPE OF Montgomery HOMES
Single-Family 84.6
Townhomes 6.2
Small Apt. Buildings 0.5
Apt. Complexes 8.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Montgomery HOMES
No Bedroom 0.00
1 Bedroom 2.75
2 Bedrooms 13.09
3 Bedrooms 23.01
4 Bedrooms 51.82
5 or more bedrooms 9.33

Popular Neighborhoods in Montgomery

Zip Codes in Montgomery, OH