Where Are People Moving in Montgomery, MD?
IRS county-to-county migration, 2023 tax year (released about two years after the tax year it covers).
People moving in
22,280
People moving out
27,889
Net migration
-8,935
Montgomery, MD is a net loser of residents. In the latest IRS data (2023 tax year), 22,280 people moved in and 27,889 moved out, for a net loss of -8,935. Net outflows can soften local rent and price growth over time, though the cause matters as much as the number.
Migration is most useful read alongside the rest of the market. People move for jobs, affordability, climate, and lifestyle, and where they come from and go to says a lot about what a county is competing on. Below are the specific counties driving Montgomery, MD’s flows in each direction.
Top counties people moved to Montgomery, MD from
| Origin county | Returns | People |
|---|---|---|
| Prince George's, MDMaryland | 3,735 | 6,486 |
| District of Columbia, DCDistrict of Columbia | 3,120 | 5,079 |
| Fairfax, VAVirginia | 1,040 | 1,651 |
| Frederick, MDMaryland | 941 | 1,492 |
| Howard, MDMaryland | 856 | 1,342 |
| Arlington, VAVirginia | 625 | 870 |
| Anne Arundel, MDMaryland | 622 | 928 |
| Baltimore, MDMaryland | 558 | 854 |
| Baltimore, MDMaryland | 527 | 720 |
| Alexandria, VAVirginia | 303 | 474 |
Top counties people left Montgomery, MD for
| Destination county | Returns | People |
|---|---|---|
| Prince George's, MDMaryland | 3,823 | 6,334 |
| District of Columbia, DCDistrict of Columbia | 2,420 | 3,096 |
| Frederick, MDMaryland | 2,352 | 4,543 |
| Fairfax, VAVirginia | 1,396 | 2,168 |
| Howard, MDMaryland | 1,293 | 2,311 |
| Anne Arundel, MDMaryland | 997 | 1,671 |
| Arlington, VAVirginia | 754 | 864 |
| Baltimore, MDMaryland | 701 | 909 |
| Baltimore, MDMaryland | 666 | 978 |
| New York, NYNew York | 645 | 703 |
“Returns” counts tax returns (a household proxy) that moved along each flow; “People” counts the individuals on those returns, when reported. IRS aggregate and foreign pseudo-rows are excluded. Informational only, not financial advice.
Frequently asked questions
Are people moving to Montgomery, MD or leaving?
Montgomery, MD had a net loss of -8,935 residents in the latest IRS data (2023 tax year), with 22,280 people moving in and 27,889 moving out. Net migration is inflow minus outflow.
Where are people moving to Montgomery, MD from?
The largest sources of new Montgomery, MD residents are Prince George's, MD, District of Columbia, DC, Fairfax, VA. The full top-ten list of origin counties is in the table above.
Where do people leaving Montgomery, MD go?
People leaving Montgomery, MD most often move to Prince George's, MD, District of Columbia, DC, Frederick, MD. The full top-ten list of destination counties is in the table above.
What does Montgomery, MD migration mean for housing?
Migration is a leading demand signal. Sustained net inflows tend to support rents and home prices when supply cannot keep up, while net outflows can soften them. Read this alongside Montgomery, MD's price forecast, building permits, and affordability on the full county dashboard before drawing a conclusion.
How current is this Montgomery, MD migration data?
It comes from IRS Statistics of Income county-to-county migration data, which is released about two years after the tax year it covers; the figures above reflect the 2023 tax year. That lag is normal for this dataset, which counts actual tax returns rather than survey estimates.