The typical owner-occupied home in Montgomery County is worth about $115,500, 62% below the Georgia median of $303,300 and 65% below the national median of $332,700. Owners pay a median $1,204 a year in property taxes, about 1.04% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $51,941 a year, so the median home costs 2.2 times the median income (3.9 times for Georgia). 76% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Montgomery County at a glance
| Montgomery County | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $115,500 | $303,300 | $332,700 |
| Median property tax paid per year | $1,204 | $2,341 | $3,119 |
| Property tax as a share of value | 1.04% | 0.77% | 0.94% |
| Median household income | $51,941 | $77,353 | $80,734 |
| Homes lived in by their owners | 76% | 66% | 65% |
| Owner homes with a mortgage | 40% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,238 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 23.0% | 20.0% | 21.0% |
| Median rent | $760 | $1,393 | $1,413 |
| Rent as a share of renters' income | 30.0% | 31.3% | 30.6% |
| Median year homes were built | 1989 | 1992 | 1980 |
| Vacant homes | 17.2% | 10.3% | 10.1% |
| Population | 8,640 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Montgomery County
At this week's average 30-year rate of 7.11%, buying the median Montgomery County home of $115,500 with 20% down costs about $770 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $962, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $32,992 for the 20%-down payment. That payment is 18% of the median Montgomery County household income of $51,941; at that income and 20% down, the 28% guideline points to a home of about $182,000.
The median rent here is $760 a month, so owning the median home costs about $10 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,100 |
|---|---|
| Loan amount | $92,400 |
| Principal and interest | $622 |
| Property taxes (1.04% a year) | $100 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $770 |
Change the numbers in the calculator
| Down payment | $4,042 |
|---|---|
| Loan amount | $113,408 |
| Principal and interest | $763 |
| Property taxes (1.04% a year) | $100 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $962 |
Change the numbers in the calculator
Questions about home buying in Montgomery County
What is the median home value in Montgomery County?
About $115,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Montgomery County?
Homeowners pay a median $1,204 a year, which is about 1.04% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Montgomery County?
For the median home with 20% down at 7.11%, the payment is about $770 a month. Keeping that under 28% of gross income takes about $32,992 a year.
More about Montgomery County
- Mortgage Refinance in Montgomery County
- Debt Relief in Montgomery County
- Home Equity Loans in Montgomery County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data