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ZipNumbers

Indiana · Census place 50688

Montgomery town, IN

Quick answer

Montgomery town has 1,184 residents, ranking #323 of 976 places in Indiana. Median household income is $93,750, the median home is worth $226,000 and median gross rent runs $827 a month.

Population
1,184Montgomery town residents
Median household income
$93,750Past 12 months, inflation adjusted
Median home value
$226,000Owner-occupied units
Median gross rent
$827Rent plus utilities, monthly
Median age
46.1 yrsAll residents
Homeownership rate
85.5%Owner-occupied households

What the numbers mean in Montgomery town

Housing cost measured against local earnings.

A household earning the Montgomery town median would spend about 10.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.6% of residents and 85.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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