Housing costs in Montgomery Village?
A typical home costs
$347,800, which is 2.9% more expensive than the national average of
$338,100 and 10.4% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Montgomery Village costs
$1,700 per month, which is 4.9% more than the national average of
$1,620 and 7.1% cheaper than the state average of
$1,820.
Can I afford Montgomery Village?
To live comfortably in Montgomery Village (zip 20886), Maryland, a minimum annual income of
$66,600 for a family, and
$60,000 for a single person is recommended.
What does A.I. say about Montgomery Village?
The cost of living in 20886 Montgomery Village, MD is relatively high compared to the national average. Housing prices in particular are quite expensive with the average home price in Montgomery Village sitting around $400,000. The median household income for Montgomery Village is also higher than the national median at $87,500. Despite the high costs of living, many find that the numerous amenities and benefits make it worth it. Restaurants, shopping centers, parks, public transportation options and more provide a great quality of life that is hard to find elsewhere.