Montgomery Township Named Among Top Suburbs To Buy A House In Nation

Montgomery Township is one of the best suburban locations in the United States to buy a home, according to a new ranking by Niche Local.

Montgomery was ranked 84th in the nation and 21st in Pennsylvania.

“Niche ranks US suburbs based on home values, property taxes, housing costs, and age of new home buyers,” the study said. “A high ranking indicates that a suburb attracts residents with a good housing market where property taxes and housing costs are in line with value.”

A dozen factors were considered, the most important of which were home value to income ratio, median home value, monthly housing cost, and percentage of residents between the ages of 25 and 44.

Education grade was also given 10 percent of the weight in the overall calculation. Montgomery Township was given an “A+” in that category.

Several Philadelphia area suburbs did very well on the ranking. West Conshohocken was ranked first in the entire nation. Conshohocken (8), Narberth (17), Bridgeport (22), Ambler (62), Upper Merion (78), Upper Providence (96), and Hatboro (97) all scored in the top 100 countrywide.