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Montgomery County, OH

RANK #564 / 1001 NAT  ·  #40 / 49 OH  ·  POP 536,096

1YR FORECAST: +1.6%

5YR OUTLOOK: +27%

Montgomery County's housing market is projected to grow +1.6% over the next year, below the national average.

[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.

MARKET PROFILE

Heartland Steady Growth

Montgomery County is one of 145 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +4.3% runs below the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
6.0x

Below national median (11.3x)

Home Prices
+4.3%

Outpacing national median

Climate & Terrain
-2.2

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing is fairly valued at 6.0x 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
536,096
+0.11% YoY
Median Household Income
$66,139
Median Home Value
$180,900
+4.26% 12mo
Median Rent
$1,026
Average Annual Pay
$63,759
+3.8% YoY
Employment
251,948
+0.7% YoY
Income-to-Home-Value
0.3656
More affordable than average
Migration Inflow
3.15%
of pop. from another state
Bachelor's Degree+
31.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$233,500
Days on Market
32
Active market
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
99.0%
Near asking price
Sold Above List
34.5%
Listings w/ Price Drops
30.8%
Building Permits (2025)
1,079
Single-Family Permits
630

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

Population Growth +0.1% 27 percentile
Income Growth +2.7% 48 percentile
Vacancy Rate 1.2% 31 percentile
Home Price Change +4.3% 80 percentile
Rent Growth +2.3% 39 percentile
Price/Rent 12x 89 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Montgomery County scores 43/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#564). Median household income is $66,139 and job growth is running at +0.7%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Montgomery County affordable?

By national standards, Montgomery County is quite affordable. Homes here have a median value of $180,900, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $1,026/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 +0.1% YoY and jobs +0.7%. Home values shifted +4.3% 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 3.15% 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

Lawrence County, OH 44 Butler County, OH 42 Lucas County, OH 47 Franklin County, OH 38 Erie County, OH 51 Hamilton County, OH 51 Cleveland County, OK 43 Dauphin County, PA 43