74 / 100

Montgomery County, OH

Dayton

RANK #254 / 996 NAT  ·  #28 / 49 OH  ·  POP 536,121

1YR FORECAST: +2.4%

5YR OUTLOOK: +30%

Our model projects above-average housing market growth for Montgomery County at +2.4% over the next year.

[01] Why Montgomery County?

Montgomery County, Ohio, is often recognized for its aviation heritage, as it was home to the Wright brothers and a center for early innovation in flight. Located in southwestern Ohio, with Dayton as its county seat, the county offers a blend of urban and suburban living. Commute times are generally manageable, and public transportation options, including the Greater Dayton Regional Transit Authority, serve the area. The region also features extensive outdoor recreation opportunities through its Five Rivers MetroParks system, encompassing nearly 16,000 acres of green space with bike paths and natural areas.

Life in Montgomery County provides access to various amenities, including arts and cultural institutions. The public school systems in towns like Oakwood and Centerville are highly rated. The economy is driven by sectors such as aerospace, advanced manufacturing, and logistics, building on a history of innovation. Recent economic developments include investments in commercial and residential projects, as well as continued growth in technology-driven industries.

[02] Market Snapshot

Housing Ratio
2.6x

Undervalued relative to economy

GDP Growth
+1.9%

Below national median

Home Prices
+4.2%

Outpacing national median

Climate & Terrain
-2.2

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Wright-Patterson Air Force Base Military
    25,000+
  2. 2
    Premier Health Healthcare
  3. 3
    Kettering Health Healthcare
    10,000+
  4. 4
    Dayton Children's Hospital Healthcare
    2,500+
  5. 5
    Montgomery County Government
    1,000+
  6. 6
    University of Dayton Education
  7. 7
    Sinclair Community College Education
  8. 8
    LexisNexis Technology
  9. 9
    Fuyao Glass America Manufacturing
  10. 10
    Winsupply Inc. Other

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Montgomery County U.S. National

The Numbers

DEMOGRAPHICS
Population
536,121
0.0% YoY
Median Household Income
$61,942
Median Home Value
$154,300
+4.21% 12mo
Median Rent
$925
Average Annual Pay
$61,439
+3.3% YoY
Employment
250,085
+0.8% YoY
Income-to-Home-Value
0.4014
More affordable than average
Migration Inflow
3.37%
of pop. from another state
Bachelor's Degree+
30.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$206,950
Days on Market
58
Moderate pace
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
96.8%
Negotiation room for buyers
Sold Above List
19.2%
Listings w/ Price Drops
25.3%
Building Permits (2024)
933
Single-Family Permits
349

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

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
10.9
per 100K · nat avg 6.3
Firearm Fatalities
18.9
per 100K · nat avg 14.8
Injury Deaths
136.4
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
50.7
Moderate
Good Air Days
50%
543 of 1,085 days
Unhealthy+ Days (3yr)
14
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
53
2022
48
2023
51
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$430M
TOTAL
PROJECT AMOUNT STATUS
I-75 Rehabilitation in Dayton (S.R. 4/Needmore Rd.)
Ohio Department of Transportation
$105M Under Construction
onMain Mixed-Use Development (Former Fairgrounds)
University of Dayton and Premier Health
$100M Under Construction
Prairie Flyer Energy Storage Facility
Prairie Flyer Energy Storage LLC
$85M Planned
New Home Communities Portfolio
Various (e.g., Fischer Homes)
$75M Under Construction
Sewer Modernization and Revitalized Treatment (SMART) Project
Montgomery County Environmental Services
$65M Completed

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

[08] Score Breakdown

GDP Growth +1.9% 33 percentile
Population Growth 0.0% 30 percentile
Income Growth +9.6% 74 percentile
Vacancy Rate 1.3% 33 percentile
Home Price Change +4.2% 85 percentile
Rent Growth +2.8% 46 percentile
Price/Rent 10x 88 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 74/100, Montgomery County sits in the upper half of all 996 ranked counties. Employment is expanding at +0.8%, and median household income stands at $61,942 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in OH.

Is Montgomery County affordable?

By national standards, Montgomery County is quite affordable. Homes here have a median value of $154,300, and the income-to-home-value ratio of 0.40 is well above the U.S. average — especially with median rent at just $925/month. Residents can generally buy a home without being cost-burdened.

Is Montgomery County growing or shrinking?

Population and employment in Montgomery County are both close to flat — population 0.0% YoY and jobs +0.8%. Home values shifted +4.2% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Montgomery County?

There's a moderate stream of newcomers. About 3.37% of residents moved from another state, which is above average and suggests Montgomery County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Medina County, OH 74 Lorain County, OH 73 Jefferson County, OH 76 Miami County, OH 76 Summit County, OH 76 Erie County, OH 77 Polk County, IA 74 Allen County, IN 74