How much do homeowners pay a month in Montgomery Village, MD?

Name: Homeowner costs in Montgomery Village, MD, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Homeowners with a mortgage in Montgomery Village, MD pay a median of $2,226 (±$98) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $728 (±$57).

76.4% of owned homes carry a mortgage.

In Montgomery Village, the median monthly cost with a mortgage went from $1,943 in 2015–2019 to $2,226 in 2020–2024 (+14.6%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

Figures last updated on November 12, 2026.

With a mortgage: $2,226 (±$98)
Without a mortgage: $728 (±$57)
Owned with a mortgage: 76.4%

Monthly owner costs in Montgomery Village

Median selected monthly owner costs, estimate (90% margin of error)
	Montgomery Village	Montgomery County	Maryland	United States
With a mortgage	$2,226 (±$98)	$2,929 (±$28)	$2,347 (±$8)	$1,963
Without a mortgage	$728 (±$57)	$986 (±$14)	$753 (±$4)	$638
Owned homes with a mortgage	76.4% (±3.8 points)	70.4% (±0.7 points)	71.0% (±0.3 points)	60.6%
Median real estate taxes (a year)	$3,025 (±$241)	$5,539 (±$62)	$4,093 (±$21)	$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Montgomery Village, the median cost with a mortgage is lower than in Montgomery County ($2,929).

It is also lower than in Maryland ($2,347).

It is higher than the national figure ($1,963).

In Montgomery County, Montgomery Village ranks 58 of 59 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 204 of 381.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in Montgomery Village have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median owner cost with a mortgage	$1,943 (±$63)	$2,226 (±$98)	+14.6%	Down after inflation
Median real estate taxes	$2,591 (±$107)	$3,025 (±$241)	+16.8%	No measurable change after inflation
Median home value	$305,400 (±$10,955)	$388,900 (±$12,668)	+27.3%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median monthly cost with a mortgage in places near Montgomery Village

Nearest places with a published estimate, compared with Montgomery Village
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Montgomery Village	—	$2,226 (±$98)	—
Flower Hill	1.8 mi	$2,503 (±$138)	Higher
Gaithersburg	2.8 mi	$2,777 (±$97)	Higher
Germantown	3.3 mi	$2,259 (±$73)	Not measurably different
Washington Grove	3.7 mi	$2,868 (±$355)	Higher
Laytonsville	4.0 mi	$4,000 or more	—
Clarksburg	4.0 mi	$3,084 (±$126)	Higher
Redland	5.0 mi	$2,747 (±$124)	Higher
Damascus	5.7 mi	$2,671 (±$186)	Higher

Nearby places with a measurably higher figure: Flower Hill, MD ($2,503), Gaithersburg, MD ($2,777), Washington Grove, MD ($2,868).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across Montgomery County, place by place

Rank	Place	Median monthly cost with a mortgage
52	Aspen Hill	$2,593 (±$93)
53	Calverton	$2,560 (±$172)
54	Flower Hill	$2,503 (±$138)
55	Wheaton	$2,489 (±$89)
56	Fairland	$2,344 (±$134)
57	Germantown	$2,259 (±$73)
58	Montgomery Village	$2,226 (±$98)
59	Leisure World	$2,039 (±$243)

Showing 8 of 59 places in Montgomery County, ranked from highest to lowest.

Montgomery Village is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Montgomery Village

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Montgomery Village beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Montgomery Village, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Montgomery Village, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Montgomery Village

What is the average mortgage payment in Montgomery Village?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Montgomery Village, MD is $2,226 (±$98) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Montgomery Village?

Owners without a mortgage in Montgomery Village pay a median of $728 (±$57) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Montgomery Village gone up?

In Montgomery Village, the median monthly cost with a mortgage went from $1,943 in 2015–2019 to $2,226 in 2020–2024 (+14.6%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Montgomery Village CDP, Maryland (place:53325, in state:24).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.