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Montgomery County, MD

RANK #696 / 996  ·  POP 1,056,910  ·  MD

PROJECTED GROWTH: +0.0%

Montgomery County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Montgomery County?

Bethesda, a notable town in Montgomery County, Maryland, is recognized for its dining, shopping, and medical centers. The county itself is located directly north of Washington, D.C., and offers a mix of urban and suburban environments. Commuting to D.C. is possible via the Metro Red Line, Metrobus, and Ride On bus services, with many residents utilizing public transit. The county provides extensive green spaces, including over 400 parks and trails like those found at Rock Creek Regional Park and Sugarloaf Mountain, offering opportunities for hiking, biking, and water activities.

Life in Montgomery County appeals to families, professionals, and retirees due to its quality of life. The Montgomery County Public Schools district is Maryland's largest and is recognized for its educational offerings. The local economy is driven by sectors such as biotechnology, technology, and advanced communications, with significant investment flowing into these areas. The county also has a strong focus on workforce development and sustainable transportation initiatives.

[02] Market Snapshot

Housing Ratio
6.6x

Above national median (4.7x)

GDP Growth
+1.2%

Well below national median

Home Prices
-1.2%

Prices declining

Climate & Terrain
-0.6

Below-average climate & terrain

Price/Rent
22x

Prices detached from rents

Housing is fairly valued at 6.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Montgomery County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,056,910
-0.03% YoY
Median Household Income
$125,583
Median Home Value
$588,900
-1.24% 12mo
Median Rent
$1,957
Average Annual Pay
$94,473
+2.6% YoY
Employment
462,298
+0.7% YoY
Income-to-Home-Value
0.2133
Near national average
Migration Inflow
1.66%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$595,000
Days on Market
49
Moderate pace
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
99.7%
Near asking price
Sold Above List
34.5%
Listings w/ Price Drops
17.7%
Building Permits (2024)
3,656
Single-Family Permits
1,491

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$7,923M
TOTAL
PROJECT AMOUNT STATUS
County-Wide Capital Improvements Program (CIP)
Montgomery County Government
$6,600M Planned
Dickerson Data Center
Undisclosed (Terra Energy owns the former plant site)
$1,000M Proposed
X-Energy Headquarters and Advanced Reactor Development
X-Energy
$223M Under Construction
Brookville Smart Energy Bus Depot Microgrid
AlphaStruxure (Schneider Electric & Carlyle JV)
$50M Operating
Watkins Mill Station (Residential/Mixed-Use)
Pulte Homes
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.2% 21 percentile
Population Growth -0.0% 28 percentile
Income Growth +7.0% 18 percentile
Vacancy Rate 1.0% 57 percentile
Home Price Change -1.2% 20 percentile
Rent Growth +0.4% 14 percentile
Price/Rent 22x 4 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Montgomery County, MD a good place to move to?

Montgomery County has a Boom Town Index score of 30/100, ranking #696 among 996 U.S. counties. With job growth at +0.7% and a median household income of $125,583, it faces some economic headwinds compared to faster-growing counties.

Is Montgomery County affordable?

The median home value in Montgomery County is $588,900 with median rent at $1,957/month. The income-to-home-value ratio is 0.2133, which is less affordable than the national average.

Is Montgomery County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: +0.7%. Home values changed -1.2% in the past 12 months.

[08] Similar Metros

Marshall County, AL 40 Wyandotte County, KS 40 Montgomery County, PA 40 Gregg County, TX 40 Carver County, MN 40 Madison County, MS 40 Bristol County, RI 40 Pulaski County, AR 40