What is the median home value in Montgomery County, TX?

The median home value in Montgomery County, TX is $317,500, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Montgomery County, TX?

The cap rate proxy in Montgomery County, TX is 5.9% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is moderate — deal-by-deal analysis recommended.

How much new construction is happening in Montgomery County, TX?

Montgomery County has 654,722 residents and issued 12,525 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Houston-The Woodlands-Sugar Land, TX · Texas

Montgomery County

654,722 residents12,525 permits TTM$97,266 median HHI22 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$317,500

ACS 5-Year

Cap rate proxy

5.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.1%

HUD FMR ÷ ACS HHI

Net migration

+3.54%

IRS SOI

Permits (TTM)

12,525

Census BPS

Climate risk

95.7

FEMA NRI (0–100)

ZIP code breakdown22 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
77301	$236,804	$1,420	7.2%	7.7%	-6.5%
77372	$237,273	$1,440	7.3%	7.4%	-2.1%
77378	$241,850	$1,550	7.7%	8.3%	-8.3%
77306	$224,766	$1,070	5.7%	9.1%	-59.5%
77303	$263,958	$1,400	6.4%	7.3%	-15.1%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$262,418	$1,490	6.8%	8.3%	-21.8%
$324,144	$1,590	5.9%	7.7%	-30.8%
$308,552	$1,550	6.0%	7.0%	-16.8%
$329,182	$1,480	5.4%	6.7%	-23.9%
$360,540	$1,880	6.3%	6.3%	-1.4%
$345,541	$1,950	6.8%	6.2%	8.8%
$365,560	$1,590	5.2%	6.0%	-14.6%
$364,922	$2,160	7.1%	5.9%	16.3%
$377,873	$1,870	5.9%	5.4%	8.3%
$381,239	$1,990	6.3%	5.1%	18.4%
$329,244	$1,570	5.7%	5.0%	11.8%
$561,223	$2,060	4.4%	4.9%	-12.1%
$420,036	$1,690	4.8%	4.8%	0.2%
$392,117	$1,750	5.4%	4.5%	15.9%
$410,293	$1,660	4.9%	4.5%	7.3%
$581,046	$2,260	4.7%	4.5%	4.5%
$413,134	$1,310	3.8%	4.3%	-12.3%

Demographics

Owner-occupied

71.7%

Census ACS

Vacancy rate

7.2%

Census ACS

Bachelor's degree +

37.9%

Census ACS

Rent burdened

43.0%

Census ACS (>30% income)

Median age

37.2

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Montgomery County

See all 22 ZIPs ranked by yield and cap rate