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Montgomery County

Texas · Houston-Pasadena-The Woodlands, TX metro area · 781,194 residents (2025 est.)

FHFA annual index 1975–2025Developmental county indexPermits through August 2026
FHFA house price index for Montgomery County, 1975 to 2025, with the national index rebased to the same start and NBER recessions shadedRecession 1973–75Recession 1980Recession 1981–82Recession 1990–91Recession 2001Recession 2007–09Recession 202005001,0001,50019801990200020102020United States2025: 637
Montgomery County (100 = first year)United States, rebased to the same startNBER recession

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. FHFA describes its county indexes as developmental and subject to revision. The index does not give a dollar value for any home.

Montgomery County, Texas (Houston-Pasadena-The Woodlands, TX area), has an FHFA house price index from 1975. Through 2025 it has risen +536.6%, from 100 to 637.

Over the ten years to 2025 the index rose +84.0% (+6.3% a year), below Texas at +88.2% and close to the national +85.0%. The Houston-Pasadena-The Woodlands, TX area rose +66.3%. The latest one-year change is +2.2%.

The strongest decade was the 2010s (+49.8%); the weakest the 1980s (−0.5%).

Builders were authorised for 11,497 housing units in the county in the 12 months to August 2026 (−19.3% on the previous 12 months), 14.7 units per 1,000 residents; 93% were single-family houses. Since 1995 the county has authorised 213,071 units, most in 2022.

+2.2%1 year, 2024–2025Texas +0.8%
+53.8%5 yearsUS +47.0%
+84.0%10 years+6.3% a year annualised
+202.4%since 2000US +158.3%
11,497units permitted, 12 months14.7 per 1,000 residents

Same span, four levels

Change in the FHFA indexMontgomery CountyHouston-Pasadena-The Woodlands areaTexasUnited States
1 year (2024–2025)+2.2%+1.5%+0.8%+2.8%
5 years (2020–2025)+53.8%+36.9%+43.5%+47.0%
10 years (2015–2025)+84.0%+66.3%+88.2%+85.0%
20 years (2005–2025)+156.2%+139.2%+147.8%+79.1%
Since 2000+202.4%+193.1%+195.2%+158.3%
Since 1975+536.6%+660.1%+718.3%+960.7%
10-year annualised+6.3%+5.2%+6.5%+6.3%
20-year annualised+4.8%+4.5%+4.6%+3.0%

All columns are FHFA annual all-transactions indexes over the same years.

Decade by decade

DecadeChangeUnited States
1980s (1980–1990)−0.5%+68.2%
1990s (1990–2000)+39.8%+33.9%
2000s (2000–2010)+31.3%+29.7%
2010s (2010–2020)+49.8%+35.5%
2020s so far (2020–2025)+53.8%+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.

Peak-to-low declines

PeakLowDeclinePeak regained
19831988−24.8%1997

Building permits

Housing units authorised by building permits in Montgomery County, by month over the latest five years and by year since 1995.

Housing units authorised in Montgomery County by month, latest 12 months05001,0001,500Sep 2025: 852 units (850 single-family, 2 in multi-unit buildings)Sep 2025Oct 2025: 1,142 units (747 single-family, 395 in multi-unit buildings)Oct 2025Nov 2025: 697 units (695 single-family, 2 in multi-unit buildings)Nov 2025Dec 2025: 609 units (609 single-family, 0 in multi-unit buildings)Dec 2025Jan 2026: 651 units (646 single-family, 5 in multi-unit buildings)Jan 2026Feb 2026: 1,031 units (1,029 single-family, 2 in multi-unit buildings)Feb 2026Mar 2026: 1,183 units (1,177 single-family, 6 in multi-unit buildings)Mar 2026Apr 2026: 1,209 units (1,171 single-family, 38 in multi-unit buildings)Apr 2026May 2026: 964 units (943 single-family, 21 in multi-unit buildings)May 2026Jun 2026: 1,058 units (1,035 single-family, 23 in multi-unit buildings)Jun 2026Jul 2026: 1,273 units (946 single-family, 327 in multi-unit buildings)Jul 2026Aug 2026: 828 units (819 single-family, 9 in multi-unit buildings)Aug 2026

Housing units authorised in Montgomery County by month, latest 12 monthssingle-family2+ unit buildings

Housing units authorised in Montgomery County by month, latest 60 months01,0002,0003,000Sep 2021: 1,282 units (1,059 single-family, 223 in multi-unit buildings)Sep 2021Oct 2021: 920 units (884 single-family, 36 in multi-unit buildings)Nov 2021: 839 units (829 single-family, 10 in multi-unit buildings)Dec 2021: 1,090 units (1,086 single-family, 4 in multi-unit buildings)Jan 2022: 1,379 units (980 single-family, 399 in multi-unit buildings)Feb 2022: 1,229 units (1,224 single-family, 5 in multi-unit buildings)Mar 2022: 1,855 units (1,513 single-family, 342 in multi-unit buildings)Apr 2022: 1,422 units (1,154 single-family, 268 in multi-unit buildings)May 2022: 1,064 units (952 single-family, 112 in multi-unit buildings)Jun 2022: 1,394 units (1,392 single-family, 2 in multi-unit buildings)Jul 2022: 1,109 units (1,089 single-family, 20 in multi-unit buildings)Aug 2022: 1,431 units (857 single-family, 574 in multi-unit buildings)Sep 2022: 861 units (745 single-family, 116 in multi-unit buildings)Sep 2022Oct 2022: 1,398 units (719 single-family, 679 in multi-unit buildings)Nov 2022: 829 units (551 single-family, 278 in multi-unit buildings)Dec 2022: 1,048 units (522 single-family, 526 in multi-unit buildings)Jan 2023: 679 units (566 single-family, 113 in multi-unit buildings)Feb 2023: 837 units (759 single-family, 78 in multi-unit buildings)Mar 2023: 922 units (827 single-family, 95 in multi-unit buildings)Apr 2023: 1,066 units (915 single-family, 151 in multi-unit buildings)May 2023: 1,386 units (1,040 single-family, 346 in multi-unit buildings)Jun 2023: 1,480 units (1,252 single-family, 228 in multi-unit buildings)Jul 2023: 1,010 units (1,002 single-family, 8 in multi-unit buildings)Aug 2023: 2,481 units (1,505 single-family, 976 in multi-unit buildings)Sep 2023: 908 units (906 single-family, 2 in multi-unit buildings)Sep 2023Oct 2023: 1,371 units (954 single-family, 417 in multi-unit buildings)Nov 2023: 820 units (798 single-family, 22 in multi-unit buildings)Dec 2023: 829 units (763 single-family, 66 in multi-unit buildings)Jan 2024: 1,004 units (1,002 single-family, 2 in multi-unit buildings)Feb 2024: 1,478 units (1,237 single-family, 241 in multi-unit buildings)Mar 2024: 1,476 units (1,182 single-family, 294 in multi-unit buildings)Apr 2024: 1,182 units (1,136 single-family, 46 in multi-unit buildings)May 2024: 1,103 units (1,101 single-family, 2 in multi-unit buildings)Jun 2024: 909 units (539 single-family, 370 in multi-unit buildings)Jul 2024: 1,133 units (1,077 single-family, 56 in multi-unit buildings)Aug 2024: 958 units (944 single-family, 14 in multi-unit buildings)Sep 2024: 902 units (831 single-family, 71 in multi-unit buildings)Sep 2024Oct 2024: 1,107 units (991 single-family, 116 in multi-unit buildings)Nov 2024: 881 units (775 single-family, 106 in multi-unit buildings)Dec 2024: 1,167 units (803 single-family, 364 in multi-unit buildings)Jan 2025: 1,611 units (979 single-family, 632 in multi-unit buildings)Feb 2025: 1,148 units (1,046 single-family, 102 in multi-unit buildings)Mar 2025: 1,186 units (1,180 single-family, 6 in multi-unit buildings)Apr 2025: 1,485 units (1,063 single-family, 422 in multi-unit buildings)May 2025: 1,367 units (1,365 single-family, 2 in multi-unit buildings)Jun 2025: 894 units (894 single-family, 0 in multi-unit buildings)Jul 2025: 1,419 units (1,067 single-family, 352 in multi-unit buildings)Aug 2025: 1,075 units (1,069 single-family, 6 in multi-unit buildings)Sep 2025: 852 units (850 single-family, 2 in multi-unit buildings)Sep 2025Oct 2025: 1,142 units (747 single-family, 395 in multi-unit buildings)Nov 2025: 697 units (695 single-family, 2 in multi-unit buildings)Dec 2025: 609 units (609 single-family, 0 in multi-unit buildings)Jan 2026: 651 units (646 single-family, 5 in multi-unit buildings)Feb 2026: 1,031 units (1,029 single-family, 2 in multi-unit buildings)Mar 2026: 1,183 units (1,177 single-family, 6 in multi-unit buildings)Apr 2026: 1,209 units (1,171 single-family, 38 in multi-unit buildings)May 2026: 964 units (943 single-family, 21 in multi-unit buildings)Jun 2026: 1,058 units (1,035 single-family, 23 in multi-unit buildings)Jul 2026: 1,273 units (946 single-family, 327 in multi-unit buildings)Aug 2026: 828 units (819 single-family, 9 in multi-unit buildings)

Housing units authorised in Montgomery County by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in Montgomery County by year, 1995–2025010,00020,0001995: 2,496 units (2,496 single-family, 0 in multi-unit buildings)19951996: 3,259 units (3,259 single-family, 0 in multi-unit buildings)1997: 3,110 units (3,110 single-family, 0 in multi-unit buildings)1998: 3,674 units (3,674 single-family, 0 in multi-unit buildings)1999: 4,919 units (4,493 single-family, 426 in multi-unit buildings)2000: 4,197 units (4,067 single-family, 130 in multi-unit buildings)20002001: 4,117 units (3,997 single-family, 120 in multi-unit buildings)2002: 5,033 units (4,497 single-family, 536 in multi-unit buildings)2003: 6,313 units (5,581 single-family, 732 in multi-unit buildings)2004: 6,977 units (6,023 single-family, 954 in multi-unit buildings)2005: 7,441 units (6,586 single-family, 855 in multi-unit buildings)20052006: 8,885 units (7,417 single-family, 1,468 in multi-unit buildings)2007: 7,611 units (5,074 single-family, 2,537 in multi-unit buildings)2008: 4,437 units (3,583 single-family, 854 in multi-unit buildings)2009: 3,301 units (2,773 single-family, 528 in multi-unit buildings)2010: 2,932 units (2,723 single-family, 209 in multi-unit buildings)20102011: 4,009 units (2,795 single-family, 1,214 in multi-unit buildings)2012: 4,526 units (3,364 single-family, 1,162 in multi-unit buildings)2013: 6,340 units (4,976 single-family, 1,364 in multi-unit buildings)2014: 7,145 units (5,511 single-family, 1,634 in multi-unit buildings)2015: 7,024 units (4,970 single-family, 2,054 in multi-unit buildings)20152016: 5,537 units (4,175 single-family, 1,362 in multi-unit buildings)2017: 5,294 units (5,290 single-family, 4 in multi-unit buildings)2018: 7,062 units (6,663 single-family, 399 in multi-unit buildings)2019: 7,674 units (6,082 single-family, 1,592 in multi-unit buildings)2020: 10,219 units (8,901 single-family, 1,318 in multi-unit buildings)20202021: 13,750 units (12,227 single-family, 1,523 in multi-unit buildings)2022: 15,188 units (11,818 single-family, 3,370 in multi-unit buildings)2023: 13,741 units (11,259 single-family, 2,482 in multi-unit buildings)2024: 13,246 units (11,586 single-family, 1,660 in multi-unit buildings)2025: 13,614 units (11,597 single-family, 2,017 in multi-unit buildings)2025

Housing units authorised in Montgomery County by year, 1995–2025single-family2+ unit buildings

Permits, 12 months to August 2026Montgomery CountyTexasUnited States
Housing units authorised11,497194,1501,418,086
Units per 1,000 residents14.76.14.1
Single-family share93%70%63%
Change on previous 12 months−19.3%−10.8%−0.1%
Units authorised since 1995213,0715,276,89543,082,761

Population is the Census Bureau's vintage 2025 estimate. Permits authorise construction; they are not completions.

ZIP codes in Montgomery County

Ranked by ten-year change in the FHFA ZIP index. Where a ZIP's index ends before 2025, its spans end in that year.

ZIP1 year10 yearsSince 2000Index throughYears
77356+21.9%+149.3%+267.0%202541
77362—+146.5%+275.2%202532
77302+39.4%+140.8%+297.7%202539
77365+6.7%+125.5%+275.4%202528
77372+4.2%+102.9%—202524
77355+8.7%+101.1%+228.3%202540
77318−6.2%+100.7%+242.9%202532
77306—+100.4%—202522
77357+2.8%+91.3%+209.4%202534
77303+5.8%+90.1%+233.0%202531
77301+0.7%+89.1%+187.1%202543
77354+2.4%+84.3%+211.6%202539
77316+2.2%+80.6%+194.4%202528
77380+2.8%+80.6%+246.0%202550
77385+1.0%+80.6%+182.3%202540
77378−3.2%+79.8%—202525
77381−0.6%+77.5%+215.9%202547
77386−0.2%+73.3%+178.9%202543
77304+0.4%+71.7%+153.3%202547
77384+8.3%+65.4%+160.4%202532
77382+2.3%+61.7%+167.8%202532

Cities and permit-issuing places in Montgomery County

Housing units authorised in the 12 months to August 2026; places with at least 12 units in the year, or in the year before.

PlaceUnits, 12 monthsPer 1,000 residentsSingle-family
Montgomery County Unincorporated Area9,699—92%
Conroe1,1299.495%
Montgomery23876.7100%
Magnolia23529.0100%
Willis16922.180%
Woodbranch42.5100%

Questions and answers

How much have home values in Montgomery County risen over 10 years?

The FHFA index for Montgomery County rose +84.0% from 2015 to 2025, about +6.3% a year. Over 20 years: +156.2%; since 2000: +202.4%.

How does Montgomery County compare with Texas and the United States?

Over the ten years to 2025: Montgomery County +84.0%, Texas +88.2%, United States +85.0%, Houston-Pasadena-The Woodlands, TX +66.3%.

What happened to Montgomery County prices in 2008?

The county index shows no decline of 5% or more from a 2005–2008 peak. The Texas index fell — over —–—.

How many homes are being built in Montgomery County?

11,497 housing units were authorised by building permits in the 12 months to August 2026 (10,667 single-family, 704 in buildings of five or more units), or 14.7 per 1,000 residents against 6.1 for Texas.

Where does this data come from?

The index is FHFA's annual county house price index (all-transactions, developmental), last updated March 31, 2026, with values through 2025. Permits are from the Census Bureau Building Permits Survey through August 2026; population is the Census Bureau's vintage 2025 estimate.

Provenance

Index: Federal Housing Finance Agency, annual house price index for counties (all-transactions, developmental), last updated March 31, 2026, values 1975–2025; metro, state and national comparisons from FHFA's annual indexes in the same release. Permits: Census Bureau Building Permits Survey, county and place files, through August 2026. Population: Census Bureau vintage 2025 estimates. ZIP assignment: 2020 ZCTA-to-county relationship file. Public domain throughout. Corrections · FHFA HPI datasets · Building Permits Survey.