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Montgomery County, TN

RANK #833 / 996  ·  POP 222,305  ·  TN

PROJECTED GROWTH: -0.9%

Montgomery County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Montgomery County?

Montgomery County, Tennessee, is distinguished by Dunbar Cave State Park, home to an eight-mile cave system with historical and archaeological significance, including prehistoric Native American petroglyphs. Located in northern Tennessee, bordering Kentucky, the county seat of Clarksville is approximately 45 minutes northwest of Nashville. The community offers a mix of suburban and rural living with hilly, tree-covered terrain and the Cumberland River flowing through it. Outdoor recreation is accessible through numerous state and local parks, trails, and the Wade Bourne Nature Center. Commute options include local bus services and regional express buses to Nashville.

Life in Montgomery County attracts families and young professionals, with many residents owning their homes. The Clarksville-Montgomery County School System serves a large student population and includes specialized programs like a Spanish Immersion School and various College and Career Academies. The local economy is experiencing growth, driven by investments in advanced manufacturing and data centers. This has led to the creation of new jobs, some of which offer higher wages, and has contributed to the area's increasing population. Austin Peay State University also contributes to the local educational and economic landscape.

[02] Market Snapshot

Housing Ratio
6.9x

Above national median (4.7x)

GDP Growth
+4.1%

Well above national median

Home Prices
-0.4%

Prices declining

Climate & Terrain
-0.5

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 6.9x 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
222,305
+2.84% YoY
Median Household Income
$67,890
Median Home Value
$226,400
-0.43% 12mo
Median Rent
$1,128
Average Annual Pay
$52,099
+5.5% YoY
Employment
64,469
+3.4% YoY
Income-to-Home-Value
0.2999
More affordable than average
Migration Inflow
2.74%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$337,900
Days on Market
98
Slower market
Months of Supply
4.6
Balanced market
Sale-to-List Ratio
98.1%
Near asking price
Sold Above List
8.8%
Listings w/ Price Drops
16.8%
Building Permits (2024)
2,583
Single-Family Permits
1,842

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

[05] Capital Investment

$10,690M
TOTAL
PROJECT AMOUNT STATUS
Project Crucible (Integrated Non-Ferrous Metal Refinery)
Korea Zinc (Crucible Metals LLC)
$6,600M Under Construction
Google Data Center Campus Expansion
Google
$2,500M Operating
Meta Data Center Campus Expansion
Meta
$1,500M Under Construction
T.RAD Manufacturing Facility
T.RAD
$90M Planned

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

[06] Score Breakdown

GDP Growth +4.1% 74 percentile
Population Growth +2.8% 95 percentile
Income Growth +6.5% 12 percentile
Vacancy Rate 1.4% 24 percentile
Home Price Change -0.4% 26 percentile
Rent Growth +0.5% 14 percentile
Price/Rent 14x 47 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Montgomery County has a Boom Town Index score of 16/100, ranking #833 among 996 U.S. counties. With job growth at +3.4% and a median household income of $67,890, it faces some economic headwinds compared to faster-growing counties.

Is Montgomery County affordable?

The median home value in Montgomery County is $226,400 with median rent at $1,128/month. The income-to-home-value ratio is 0.2999, which is more affordable than the national average.

Is Montgomery County growing or shrinking?

Population growth: +2.8% year-over-year. Job growth: +3.4%. Home values changed -0.4% in the past 12 months.

Are people moving to Montgomery County?

Yes — 2.74% of Montgomery County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

San Bernardino County, CA 26 San Benito County, CA 26 Lancaster County, SC 26 Vermilion County, IL 26 Santa Fe County, NM 26 Queens County, NY 26 Sumner County, TN 26 Spokane County, WA 26