Montgomery Village, MD Real Estate

According to census data in the year 2000 there were 14,566 housing units in Montgomery Village. This represents a 11% growth from 13,120 in 1990.

Of those housing units, 14,566 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Montgomery Village is about 72.1%. Montgomery Village's vacancy rate, including seasonal lodging, is about 2.9%. Average household size is 2.67 people.

The majority of houses, apartments or condos in Montgomery Village were built after 1981.


Housing Size

Housing Units by Size
Studio Type2.70%
One Bedroom12.40%
Two Bedrooms17.40%
Three Bedrooms39.30%
Four Bedrooms23.60%
Five Bedrooms or more4.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1981
Median Value of occupied units$145,800
Median Price asked for vacant units$113,900

Rented Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1980
Median Monthly Rent asked for vacant units$957

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage11.50%
Home Equity Loan10%
Simple Mortgage70.80%
Debt Free7.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.2%