Cost of Living in Montgomery County, Tennessee

$1,219/mo

Median Monthly Rent

$248,300

Median Home Value

42% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,219/mo

42% above state average

Median Home Value

$248,300

12% below national

Rent-to-Income Ratio

28.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Montgomery County Compares

Median monthly rent comparison

Montgomery County$1,219/mo

Tennessee Average$860/mo

National Median$1,163/mo

Detailed Housing Stats

$1,219/mo

Median Gross Rent

$248,300

Median Home Value

$1,304/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Montgomery County, Tennessee

Montgomery renters stretch furthest in region

Montgomery County renters spend 20.2% of their income on housing—the highest ratio in this eight-county cluster and well above the national average. Despite a median household income of $72,365 near the national average, aggressive housing demand drives costs upward.

Montgomery ranks among Tennessee's priciest counties

Montgomery County's 20.2% rent-to-income ratio significantly exceeds Tennessee's state average of 17.6%, placing it among the state's least affordable counties. The median rent of $1,219 is 42% above the state median, driven by Clarksville's regional growth and military presence.

Most expensive rents and ownership costs regionally

Montgomery's $1,219 median rent tops every county in this comparison, with ownership costs of $1,304 monthly the highest as well. The median home value of $248,300 reflects strong appreciation tied to Fort Campbell's proximity and regional development.

Highest housing costs consume largest income share

Renters pay $1,219 and owners $1,304 monthly from a median household income of $72,365, combining for roughly 35% of household income. This split shows Montgomery's housing market running hotter than any regional peer, with both renters and owners paying premium prices.

Montgomery suits those with higher incomes and growth plans

Montgomery County's elevated housing costs reflect its appeal as a growing regional hub near Fort Campbell and Clarksville. If you prioritize affordability, compare lower-cost alternatives like Monroe, McMinn, or Marshall counties; if growth matters more than price, Montgomery delivers.

Affordability Calculator

See how your income compares to housing costs in Montgomery County

Your Annual Household Income

Rent Burden

20.2%

of gross income

Max Housing (28% Rule)

$1,689

per month

Owner Cost Burden

21.6%

of gross income

The median home in Montgomery County may be a stretch

Median home value is $248,300. Estimated monthly cost: $1,982 vs. your max of $1,689.

Rent Affordability Guide

Your rent-to-income ratio20.2%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Montgomery County, Tennessee?

Montgomery County, Tennessee has a median monthly rent of $1,219/mo and a median home value of $248,300. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Montgomery County?

The median gross rent in Montgomery County is $1,219/mo. This is 42% above state average for Tennessee.

Is Montgomery County affordable?

Montgomery County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Montgomery County's rent compare to the state average?

Montgomery County's median rent of $1,219/mo is 42% above state average of $860/mo for Tennessee.

What is the median home value in Montgomery County?

The median home value in Montgomery County, Tennessee is $248,300. This is 12% below the national median home value of $281,900.