31 / 100

Montgomery County, PA

RANK #688 / 1001 NAT  ·  #39 / 44 PA  ·  POP 867,573

1YR FORECAST: +0.3%

5YR OUTLOOK: +26%

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.

MARKET PROFILE

Educated Suburban Growth

Montgomery County is one of 110 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +1.7% runs below the profile's typical +2.4%.

See all 110 Educated Suburban Growth counties →

[02] Market Snapshot

Housing Ratio
8.3x

Overvalued relative to economy

Home Prices
+1.7%

Above national median

Climate & Terrain
-0.5

Below-average climate & terrain

Price/Rent
18x

Above national median (15x)

Housing looks overvalued at 8.3x — home prices are high 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

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
867,573
+0.74% YoY
Median Household Income
$113,915
Median Home Value
$436,700
+1.73% 12mo
Median Rent
$1,683
Average Annual Pay
$90,924
+2.8% YoY
Employment
504,115
-0.3% YoY
Income-to-Home-Value
0.2609
More affordable than average
Migration Inflow
3.16%
of pop. from another state
Bachelor's Degree+
53.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$485,000
Days on Market
22
Active market
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
102.0%
Homes selling above asking
Sold Above List
51.2%
Listings w/ Price Drops
27.1%
Building Permits (2025)
2,231
Single-Family Permits
1,223

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

Population Growth +0.7% 56 percentile
Income Growth +2.1% 34 percentile
Vacancy Rate 1.1% 42 percentile
Home Price Change +1.7% 52 percentile
Rent Growth +3.5% 60 percentile
Price/Rent 18x 25 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

At 31/100, Montgomery County faces headwinds that place it in the lower third of the 1001 counties we track. Median income of $113,915 combined with job growth of -0.3% 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 $436,700 and the income-to-home-value ratio sits at 0.26, with rents averaging $1,683/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 -0.3%). Home values shifted +1.7% 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 3.16% 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

Delaware County, PA 31 Washington County, PA 32 Cumberland County, PA 33 Lehigh County, PA 29 Westmoreland County, PA 34 Allegheny County, PA 28 Polk County, FL 31 Worcester County, MA 32