Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$213,640+3.3% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 12% have cut their price
Income needed to buy, per year$46,313About 0.8× the local median income ($61,581): affordable for a typical household
Days on market70 daysAbout the same pace as a year ago
The typical home in Montgomery County, NY is worth $213,640, up 3.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $185,960, so the area is 14.9% overvalued. It is a balanced market: homes take about 70 days to sell, listings are up 35% from a year ago, 12% of listings have had a price cut. A household needs about $46,313 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,581. Typical rent is $1,306 a month. In the latest IRS figures, 49 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$213,640
Change in 1 year
+3.3%
Overvalued %
+14.9%
Show 6 more
Fair home value
$185,960
Change in 5 years
+28.4%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,158
Income needed to afford it
$46,313
Property tax rate
2.46%
Rent and investing
Typical rent
$1,306
Price-to-rent ratio
13.6×
HUD Fair Market Rent, 2 bedrooms
$1,111
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Gross rental yield
7.33%
Cap rate (estimate)
4.77%
Market activity
Listings vs a year ago
+35.2%
Days on market
70
Listings with a price cut
12.1%
Show 3 more
Homes for sale
123
Pending sales per 100 listings
80
Asking price per sq ft
$135
People and jobs
Median household income
$61,581
Population change (1 year)
+0.9%
Unemployment rate
4.7%
Show 4 more
Population
50,046
Income adjusted for cost of living
$67,228
Net moves in (IRS)
+49
Cost of living (US = 100)
91.6
Schools, risk and environment
School rating (1 to 10)
3.6
FEMA hazard risk score (0 to 100)
65.2
Flood risk score
80.5
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Wildfire risk score
27.7
Walkability (1 to 20)
6.1
Road, rail and air noise
53 dB
Questions people ask
Is Montgomery County, NY overvalued?
Home prices in Montgomery County, NY are well above what local incomes have historically supported: fair value is about $185,960, so the area is 14.9% overvalued.
Is Montgomery County, NY a buyer's or seller's market?
Montgomery County, NY is a balanced market: homes take about 70 days to sell, listings are up 35% from a year ago, 12% of listings have had a price cut.
Are home prices going down in Montgomery County, NY?
Home values in Montgomery County, NY are up 3.3% over the last year.
How much do you need to earn to buy a home in Montgomery County, NY?
A household needs about $46,313 a year to afford the typical home in Montgomery County, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,581.