How much do homeowners pay a month in Montgomery Township (Montgomery County), PA?
Homeowners with a mortgage in Montgomery Township (Montgomery County), PA pay a median of $2,408 (±$120) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $899 (±$42).
64.5% of owned homes carry a mortgage.
In Montgomery Township (Montgomery County), the median monthly cost with a mortgage went from $2,264 in 2015–2019 to $2,408 in 2020–2024 (+6.4%).
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 .
- With a mortgage
- $2,408 (±$120)
- Without a mortgage
- $899 (±$42)
- Owned with a mortgage
- 64.5%
Monthly owner costs in Montgomery Township (Montgomery County)
| Montgomery Township (Montgomery County) | Montgomery County | Pennsylvania | United States | |
|---|---|---|---|---|
| With a mortgage | $2,408 (±$120) | $2,441 (±$22) | $1,762 (±$6) | $1,963 |
| Without a mortgage | $899 (±$42) | $936 (±$12) | $644 (±$3) | $638 |
| Owned homes with a mortgage | 64.5% (±3.9 points) | 66.0% (±0.7 points) | 58.0% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $5,699 (±$222) | $5,875 (±$49) | $3,311 (±$12) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Montgomery Township (Montgomery County), the median cost with a mortgage is not measurably different from Montgomery County ($2,441).
It is also higher than in Pennsylvania ($1,762).
It is higher than the national figure ($1,963).
In Montgomery County, Montgomery Township (Montgomery County) ranks 22 of 62 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 138 of 2,539.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Montgomery Township (Montgomery County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,264 (±$64) | $2,408 (±$120) | +6.4% | Down after inflation |
| Median real estate taxes | $4,718 (±$176) | $5,699 (±$222) | +20.8% | No measurable change after inflation |
| Median home value | $358,400 (±$9,030) | $473,400 (±$16,600) | +32.1% | Up 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 Township (Montgomery County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Montgomery Township (Montgomery County) | — | $2,408 (±$120) | — |
| Brittany Farms-The Highlands | 1.9 mi | $2,179 (±$142) | Lower |
| Lansdale | 2.5 mi | $1,973 (±$91) | Lower |
| North Wales | 3.1 mi | $1,877 (±$182) | Lower |
| Chalfont | 3.4 mi | $2,331 (±$140) | Not measurably different |
| Hatfield Township | 3.7 mi | $2,270 (±$100) | Not measurably different |
| Lower Gwynedd Township | 3.8 mi | $3,436 (±$314) | Higher |
| Upper Gwynedd Township | 3.8 mi | $2,362 (±$115) | Not measurably different |
| Warrington Township (Bucks County) | 4.0 mi | $2,771 (±$140) | Higher |
Nearby places with a measurably lower figure: Brittany Farms-The Highlands, PA ($2,179), Lansdale, PA ($1,973), North Wales, PA ($1,877).
Nearby places with a measurably higher figure: Lower Gwynedd Township, PA ($3,436), Warrington Township (Bucks County), PA ($2,771).
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 |
|---|---|---|
| 16 | Upper Providence Township (Montgomery County) | $2,732 (±$210) |
| 17 | Lower Providence Township | $2,676 (±$190) |
| 18 | Springfield Township (Montgomery County) | $2,621 (±$89) |
| 19 | Horsham Township | $2,592 (±$187) |
| 20 | Marlborough Township | $2,549 (±$225) |
| 21 | Conshohocken | $2,441 (±$250) |
| 22 | Montgomery Township (Montgomery County) | $2,408 (±$120) |
| 23 | Perkiomen Township | $2,403 (±$109) |
| 24 | Upper Merion Township | $2,402 (±$84) |
| 25 | East Norriton Township | $2,396 (±$158) |
| 26 | New Hanover Township | $2,392 (±$109) |
| 27 | Limerick Township | $2,385 (±$109) |
| 28 | Upper Hanover Township | $2,376 (±$326) |
Showing 13 of 62 places in Montgomery County, ranked from highest to lowest.
The figures for Montgomery Township (Montgomery County) include the places inside it that have pages of their own: Montgomeryville.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Montgomery Township (Montgomery County)
What is the average mortgage payment in Montgomery Township (Montgomery County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Montgomery Township (Montgomery County), PA is $2,408 (±$120) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Montgomery Township (Montgomery County)?
Owners without a mortgage in Montgomery Township (Montgomery County) pay a median of $899 (±$42) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Montgomery Township (Montgomery County) gone up?
In Montgomery Township (Montgomery County), the median monthly cost with a mortgage went from $2,264 in 2015–2019 to $2,408 in 2020–2024 (+6.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Montgomery township, Montgomery County, Pennsylvania
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Montgomery township, Montgomery County, Pennsylvania
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Montgomery township, Montgomery County, Pennsylvania
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Montgomery township, Montgomery County, Pennsylvania
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Montgomery township, Montgomery County, Pennsylvania
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 township, Montgomery County, Pennsylvania (county subdivision:50640, in state:42 county:091).
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.
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.
Figures last updated on .
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