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Montgomery County, PA

Lower Merion

RANK #765 / 996 NAT  ·  #36 / 44 PA  ·  POP 856,399

1YR FORECAST: +0.3%

5YR OUTLOOK: +17%

Our model projects Montgomery County's housing market at +0.3% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    Merck Sharp & Dohme Corporation Other
  2. 2
    Abington Memorial Hospital Healthcare
  3. 3
    Main Line Hospitals Inc. Healthcare
  4. 4
    State Government Government
  5. 5
    SEI Investments Company Finance
  6. 6
    Albert Einstein Medical Center Healthcare
  7. 7
    SmithKline Beecham Corporation Other
  8. 8
    Giant Food Stores LLC Retail
  9. 9
    Lockheed Martin Corp. Technology
  10. 10
    United Parcel Service Inc. Logistics

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
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
Bachelor's Degree+
51.4%
of residents (national avg: 33%)

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] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.2
per 100K · nat avg 6.3
Firearm Fatalities
6.8
per 100K · nat avg 14.8
Injury Deaths
68.4
per 100K · nat avg 76.3
vs National Average
Well below 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

B
AIR QUALITY
GRADE
Median AQI (3yr)
45.0
Good
Good Air Days
62%
671 of 1,083 days
Unhealthy+ Days (3yr)
13
Includes 2 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
47
2022
44
2023
44
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

$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.

[08] 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.

[09] Frequently Asked Questions

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

At 22/100, Montgomery County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $107,441 combined with job growth of +0.5% suggests the local economy is struggling to keep pace with national trends.

Is Montgomery County affordable?

Housing in Montgomery County is roughly in line with national affordability norms. The median home costs $382,300 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,514/month. Not a bargain, but not a stretch for most local earners either.

Is Montgomery County growing or shrinking?

Montgomery County's population is growing — up +0.7% YoY — while the job market is roughly flat (employment change of +0.5%). Home values shifted +1.5% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Montgomery County?

There's a moderate stream of newcomers. About 3.28% 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

Centre County, PA 21 Butler County, PA 20 Carbon County, PA 19 Bucks County, PA 17 Allegheny County, PA 16 Dauphin County, PA 29 Norfolk County, MA 22 Morris County, NJ 22