Montgomery County, IN

Home values #

Typical home $229,248 (Aug 2026), +4.0% over one year, +31.8% over five

• 48th pct · 1,592nd of 3,063 US counties · median $234,566
• 43rd pct · 52nd of 92 Indiana counties · median $234,055

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

Typical rent $889/mo (Aug 2026), +4.0% over one year; price-to-rent 21.5

• 3rd pct · 1,350th of 1,399 US counties · median $1,496
• 2nd pct · 36th of 37 Indiana counties · median $1,174

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

Principal and interest of $1,255 a month on $229,248 at 7.28%, against an average weekly wage worth $5,139 a month: 24.4% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $229,248 × 80% = $183,399, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,255/mo principal and interest
• wage share = payment / (avg weekly wage $1,186 × 52 / 12 = $5,139) = 24% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $229,248 / ($1,186 × 52) = 3.7
• price-to-rent = $229,248 / ($889 × 12) = 21.5

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

15,921 jobs at 932 employers (2026 Q1); +0.1% jobs and +3.2% average weekly wage over the year

• 66th pct · 1,090th of 3,221 US counties · median 8,232
• 61st pct · 36th of 92 Indiana counties · median 12,958

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

No drought class at this point (USDM covers the United States only)

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

2 USGS reservoir gauges, no capacity figures to weight

Sites found: 2, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

102 gauges · 0 flooding · 16 with quality panels averaging 97 % · 21 stale

Sites found: 102, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

33 wells in 0 named aquifers:

Sites found: 33, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

low (0.01)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.03 / 0.55

Banks & federal dollars #

$926.5 m in deposits at 15 offices of 7 banks (SOD June 2026); HHI 2,024, highly concentrated. $243.4 m federal obligations in FY2026 (direct payments $238.4 m, grants $4.4 m), $15,288 per covered job

Deposit concentration is 2,024 across 7 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 7 banks with deposits in the county = 34.0² + 18.3² + 16.7² + … (4 more) = 2,024

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

USAspending place-of-performance obligations for FY2026, by awarding agency.

That is $15,288 per covered job, against 15,921 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $243.4 m / 15,921 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $15,288

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

National context, not this county #

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

Montgomery County, IN: 9 findings, 9 noted

1. noteMontgomery County, IN's average weekly wage was 3.2% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +3.2 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

2. noteMontgomery County, IN's typical home value rose 0.7% from $227,651 in July 2026 to $229,248 in August 2026, on Zillow ZHVI.

   Period 2026-08.
   Show the arithmetic

   • +0.7% = (229248.21566744964 - 227651.27883939724) / 227651.27883939724 × 100
   • 229248.21566744964 = Zillow ZHVI, 2026-08
   • 227651.27883939724 = Zillow ZHVI, 2026-07

3. noteMontgomery County, IN's covered employment was 0.1% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +0.1 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

4. noteMontgomery County, IN's typical asking rent of $889 ranks 36th of 37 Indiana counties, against a median of $1,174.

   Period 2026-08.
   Show the arithmetic

   • 3 on the 0-to-100 scale across 37 Indiana counties that published rent.latest

   position among the entities that published this metric this period; not an official level

5. noteMontgomery County, IN's price-to-rent ratio of 21.5 ranks 2nd of 37 Indiana counties, against a median of 16.9.

   Period 2026-08.
   Show the arithmetic

   • 97 on the 0-to-100 scale across 37 Indiana counties that published priceToRent
   • typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month

   position among the entities that published this metric this period; not an official level

Read all 9 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.