40 / 100

Montgomery County, PA

RANK #595 / 996  ·  POP 856,399  ·  PA

PROJECTED GROWTH: +0.4%

Montgomery County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Montgomery County?

Valley Forge National Historical Park, a site where George Washington's Continental Army encamped during the Revolutionary War, is a significant landmark in Montgomery County, Pennsylvania. Located northwest of Philadelphia, the county offers a blend of suburban and natural settings. Commute options to Philadelphia are available via regional rail and major highways, with towns like Conshohocken and Jenkintown offering direct train access. The county features numerous parks and trails, including the Schuylkill River Trail and Perkiomen Trail, providing opportunities for hiking, biking, and other outdoor activities.

Life in Montgomery County is characterized by a strong sense of community and highly-rated public schools, making it attractive to families. The county's economy is diverse, with a history rooted in agriculture and manufacturing, evolving into a hub for various industries. Recent economic developments show continued investment in sectors such as life sciences and advanced manufacturing, contributing to job creation and a stable economic environment. The county also focuses on developing skilled trades and nursing pathways, and community planning initiatives aim for sustainable growth.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+1.6%

Below national median

Home Prices
+1.5%

Above national median

Climate & Terrain
-0.5

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 3.6x — home prices are low 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
856,399
+0.65% YoY
Median Household Income
$107,441
Median Home Value
$382,300
+1.53% 12mo
Median Rent
$1,514
Average Annual Pay
$88,412
+4.0% YoY
Employment
505,821
+0.5% YoY
Income-to-Home-Value
0.281
More affordable than average
Migration Inflow
3.28%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$430,000
Days on Market
42
Moderate pace
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
99.5%
Near asking price
Sold Above List
35.9%
Listings w/ Price Drops
19.1%
Building Permits (2024)
2,490
Single-Family Permits
1,877

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

[05] Capital Investment

$1,378M
TOTAL
PROJECT AMOUNT STATUS
Montgomery County Justice Center
Montgomery County
$500M Under Construction
Proposed AI Data Center (Plymouth Township)
Brian O'Neill
$500M Proposed
County Campus Plan (2026-2030)
Montgomery County
$242M Planned
West Point (PA) Natural Gas Plant expansion
Merck & Co Inc-West Point
$86M Operating
Lafayette Street Extension Project (Phase 4)
Montgomery County, Pennsylvania Turnpike Commission
$50M Planned

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

[06] Score Breakdown

GDP Growth +1.6% 27 percentile
Population Growth +0.7% 59 percentile
Income Growth +8.1% 39 percentile
Vacancy Rate 1.3% 32 percentile
Home Price Change +1.5% 53 percentile
Rent Growth +3.6% 62 percentile
Price/Rent 16x 26 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Montgomery County has a Boom Town Index score of 40/100, ranking #595 among 996 U.S. counties. With job growth at +0.5% and a median household income of $107,441, it faces some economic headwinds compared to faster-growing counties.

Is Montgomery County affordable?

The median home value in Montgomery County is $382,300 with median rent at $1,514/month. The income-to-home-value ratio is 0.281, which is more affordable than the national average.

Is Montgomery County growing or shrinking?

Population growth: +0.7% year-over-year. Job growth: +0.5%. Home values changed +1.5% in the past 12 months.

Are people moving to Montgomery County?

Yes — 3.28% of Montgomery County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Hillsborough County, NH 50 Delaware County, PA 50 Aiken County, SC 50 Minnehaha County, SD 50 Richmond city, VA 50 Livingston Parish, LA 50 Franklin County, NC 50 Frederick County, VA 50