The typical owner-occupied home in Montgomery County is worth about $161,700, 44% below the North Carolina median of $288,900 and 51% below the national median of $332,700. Owners pay a median $1,037 a year in property taxes, about 0.64% of their home's value, close to the North Carolina rate of 0.66%. The median household earns $57,766 a year, so the median home costs 2.8 times the median income (4.0 times for North Carolina). 75% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Montgomery County at a glance
| Montgomery County | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $161,700 | $288,900 | $332,700 |
| Median property tax paid per year | $1,037 | $1,896 | $3,119 |
| Property tax as a share of value | 0.64% | 0.66% | 0.94% |
| Median household income | $57,766 | $72,388 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 43% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,383 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.4% | 21.0% |
| Median rent | $766 | $1,228 | $1,413 |
| Rent as a share of renters' income | 26.2% | 29.5% | 30.6% |
| Median year homes were built | 1984 | 1991 | 1980 |
| Vacant homes | 29.0% | 12.5% | 10.1% |
| Population | 26,007 | 10,730,404 | 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 $161,700 with 20% down costs about $1,024 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,293, 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 $43,878 for the 20%-down payment. That payment is 21% of the median Montgomery County household income of $57,766; at that income and 20% down, the 28% guideline points to a home of about $213,000.
The median rent here is $766 a month, so owning the median home costs about $258 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,340 |
|---|---|
| Loan amount | $129,360 |
| Principal and interest | $870 |
| Property taxes (0.64% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| PMI | $0 |
| Total per month | $1,024 |
Change the numbers in the calculator
| Down payment | $5,660 |
|---|---|
| Loan amount | $158,771 |
| Principal and interest | $1,068 |
| Property taxes (0.64% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| FHA mortgage insurance | $72 |
| Total per month | $1,293 |
Change the numbers in the calculator
Questions about home buying in Montgomery County
What is the median home value in Montgomery County?
About $161,700 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 $1,037 a year, which is about 0.64% 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 $1,024 a month. Keeping that under 28% of gross income takes about $43,878 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