Montgomery County VA Data & Peer Group Rankings

HOUSING AFFORDABILITY INDEX
Montgomery County VA Housing Affordability Index is 114 State of Virginia Housing Affordability Index is 126
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Montgomery County VA Wealth Index is 84 State of Virginia Wealth Index is 124
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties / Independent Cities, and ZIP Codes.

POPULATION
Total Population	100,368
Population in Households	90,966
Population in Families	57,201
Population in Group Qrtrs	9,402
Population Density	259
Diversity Index¹	32

INCOME
Median Household Income	$58,583
Average Household Income	$79,410
Per Capita Income	$30,359
Wealth Index³	84

HOUSING
Total Housing Units	41,074 (100%)
Owner Occupied HU	18,953 (46.1%)
Renter Occupied HU	19,114 (46.5%)
Vacant Housing Units	3,007 ( 7.3%)
Median Home Value	$251,391
Housing Affordability Index²	114

HOUSEHOLDS
Total Households	38,067
Average Household Size	2.39
Family Households	19,877
Average Family Size	3

NOTES

The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Montgomery County VA - Peer Comparisons by Rank and Percentile

The table below compares Montgomery County to the other 133 counties / independent cities and county equivalents in Virginia by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	0.67%	0.64%
Households	0.68%	0.68%
Families	0.53%	0.56%
Median Household Income		2.89%
Per Capita Income		2.68%

Variable Description	Rank	Percentile
Total Population	# 18	87th
Population Density	# 49	64th
Diversity Index	# 90	33rd
Median Household Income	# 47	65th
Per Capita Income	# 54	60th

Montgomery County VA Information

Montgomery County VA Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Montgomery County VA - Peer Comparisons by Rank and Percentile

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