Montgomery Village, MD Real Estate
According to census data in the year 2000 there were 14,566 housing units in Montgomery Village.
This represents a 11% growth from 13,120 in 1990.
Of those housing units, 14,566 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Montgomery Village is about 72.1%.
Montgomery Village's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Montgomery Village were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 12.40% |
| Two Bedrooms | 17.40% |
| Three Bedrooms | 39.30% |
| Four Bedrooms | 23.60% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $145,800 |
| Median Price asked for vacant units | $113,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $957 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 11.50% |
| Home Equity Loan | 10% |
| Simple Mortgage | 70.80% |
| Debt Free | 7.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
