Housing affordability · NY · 2024
Montgomery Housing Affordability
21st most affordable of 62 New York counties · price-to-income ratio
Montgomery at a glance
Montgomery is among the more accessible housing markets in New York on both ownership and rental measures — home prices relative to income sit below the state median at 2.4×, and renters face a lower-than-average cost burden.
At Montgomery's median household income of $64,943, a renter paying the median monthly rent of $940 would commit 17% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
For owner-occupied households, 12% spend more than 30% of their income on housing costs — the standard definition of owner cost burden.
Montgomery FAQ
What is the median home price in Montgomery?
The median home value in Montgomery, NY is $157,500 (2024 ACS 5-year estimate). This is 63% below the New York state median of $423,800.
Is Montgomery an affordable place to buy a home?
Montgomery is rated Affordable on the USInsights affordability scale. The price-to-income ratio is 2.4×, meaning the median home costs roughly 2.4 years of median household income ($64,943). Under 3.5× is generally considered affordable.
What is the average rent in Montgomery?
The median gross rent in Montgomery is $940 per month (2024 ACS 5-year estimate). 41% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
Explore Montgomery on the map
See census-tract detail, compare neighbouring counties, and filter by metric across all of New York.
Open on the map