Montgomery Village, MD
Population 34,161 · Maryland
About Montgomery Village, MD
Montgomery Village is a mid-sized city located in Maryland with a population of 34,161 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,487 per year, which is 28% above the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Montgomery Village features a median home value of $367,100, which is 50% above the national median of $244,900. This positions Montgomery Village in a moderately priced market relative to the rest of the country. Median monthly rent is $1,883, 62% above the national average of $1,163/month. Of the 12,908 total housing units, 66% are owner-occupied (8,111 units) and 34% are renter-occupied (4,112 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Montgomery Village shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Montgomery Village have an average one-way commute time of 33.9 minutes.
Education & Demographics
42.7% of Montgomery Village residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.6% White, 2.0% Hispanic or Latino, 2.2% Black or African American, and 29.5% Asian residents, with 34.6% of the population being foreign-born.
How Montgomery Village Ranks in Maryland
Cost of Living in Montgomery Village, MD
Compared to national averages, Montgomery Village has a median household income of $96,487 (28% above the national median of $75,149). Home values average $367,100, which is 50% above the national median. Monthly rent at $1,883 is 62% above the US average of $1,163. Within Maryland, Montgomery Village's income is 11% below the state average of $107,956, and home values are 9% below the state median of $402,447.
Why Live in Montgomery Village, MD?
Montgomery Village offers a strong local economy with a median household income of $96,487, well above the national average, and a well-educated community where 42.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.0%, better than the national average.
Montgomery Village has a population of 34,161 with a median age of 37.4 years. Compare Montgomery Village with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Montgomery Village
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pikesville | 34,253 | $97,218 | $404,100 | Compare |
| College Park | 34,397 | $74,867 | $429,000 | Compare |
| Chillum | 35,163 | $78,513 | $383,900 | Compare |
| Salisbury | 33,080 | $56,402 | $217,500 | Compare |
| Pasadena | 32,717 | $119,393 | $406,900 | Compare |
| Owings Mills | 35,626 | $94,046 | $335,000 | Compare |
| Randallstown | 35,975 | $88,544 | $306,000 | Compare |
| Olney | 36,000 | $171,766 | $632,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Montgomery Village With Other Cities
Frequently Asked Questions about Montgomery Village
What is the population of Montgomery Village, MD?
The population of Montgomery Village, MD is 34,161 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Maryland.
What is the median household income in Montgomery Village?
The median household income in Montgomery Village, MD is $96,487 per year, which is 28% above the national median of $75,149.
What is the median home value in Montgomery Village?
The median home value in Montgomery Village, MD is $367,100, which is 50% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Montgomery Village?
The median monthly rent in Montgomery Village, MD is $1,883, which is 62% above the national average of $1,163/month.
What is the unemployment rate in Montgomery Village?
The unemployment rate in Montgomery Village, MD is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Montgomery Village, MD a good place to live?
Montgomery Village offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 34,161 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Montgomery Village, MD?
42.7% of residents in Montgomery Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Montgomery Village?
Key cost-of-living indicators for Montgomery Village, MD: median home value is $367,100 (50% above national), median rent is $1,883/month, and median household income is $96,487. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Montgomery Village?
The poverty rate in Montgomery Village, MD is 11.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Montgomery Village, MD?
Montgomery Village's population is 2.6% White, 2.0% Hispanic or Latino, 2.2% Black or African American, 29.5% Asian, and 23.6% two or more races. 34.6% of residents are foreign-born.