Market Overview
Home Prices in Montgomery Village, MD
The median home value in Montgomery Village, MD is $393,860 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.3% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montgomery Village are priced4% below average. Montgomery Village is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Over the past five years, Montgomery Village home values have risen by approximately15.4%, reflecting steady appreciation in this market.
Price History
Montgomery Village Home Price Trend
City Comparison
Montgomery Village vs. National Median
At $393,860, homes in Montgomery Village cost 4% below the national median of $410,000. This makes Montgomery Village a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Montgomery Village?
20% Down Payment
$78,772
on $393,860
Monthly P&I
$2,054/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,609/mo
incl. taxes & insurance
Income Needed
$104,360
gross annual (30% rule)
10% Down Option
$39,386
+ PMI applies
Loan Amount (20% dn)
$315,088
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Montgomery Village, MD?
The median home value in Montgomery Village is $393,860 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.3% year-over-year.
How much have home prices changed in Montgomery Village?
Over the past year, home values in Montgomery Village have decreased by 2.3%. Over five years, prices have risen approximately 15.4%.
How much do I need to earn to buy a home in Montgomery Village?
To comfortably afford the median home price of $393,860 with a 20% down payment ($78,772) at today's rates (6.8%), you'd need a gross annual income of approximately $104,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Montgomery Village compare to the national average home price?
The national median home value is approximately $410,000. At $393,860, homes in Montgomery Village are 4% below the national average.
What metro area is Montgomery Village part of?
Montgomery Village is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.