It is a large, planned suburban community, developed in the late 1960s and 1970s just outside Gaithersburg's city limits.

Montgomery Village's population was 34,893 at the time of the 2020 U.S. Census,[11] and it is a part of the Washington metropolitan area.

It was 412 acres (1.67 km2) and now is Walkers Choice, Cider Mill, Horizon Run, Christopher Court, Dockside, Nathan's Hill, Millrace, the Montgomery Village Library, Montgomery Village Day-Care Center, the Off-Price Centers, Bayberry, the Verandahs, Grover's Forge, Lake Whetstone, South Valley Park, and part of Lakeforest Mall.

[12] On February 28, 1966, the Kettler brothers broke ground for the first house in Montgomery Village.

[17] The Montgomery Village Golf Club closed November 30, 2014[18] and will be turned into a neighborhood.

The groundbreaking is scheduled for March 2020 with the first model homes opening in fall 2020.

Montgomery Village currently has a farmer's market on Saturdays from May through October, free summer concerts selling beer & wine, 3 summer youth swim teams, All Comers Swim Meet, 3 Community Centers (2 are rentable), annual art show, 4 July parade and carnival and 5k, A great Pumpkin race and fall festival, Brunch with a Bunny, flashlight Easter Egg Hunt, seasonal indoor/outdoor flea markets, Holiday craft bazaar, Annual Thanksgiving morning workout, Community Christmas Tree lighting, Breakfast with Santa, Holiday Toys for Tots Concert, a full year-round recreation program, summer youth camp program, an Active Seniors group with weekly activities, daddy-daughter Valentines Day Dance, wine & paint nights, Bingo nights, September annual dog swim (in one of the many pools) several tennis courts, 7 seasonal swimming pools, a heated pool (extends summer swimming season) paved bike and walking trails, ponds for non-motorized boating and fishing, pedestrian tunnels located under busy roads throughout for pedestrian safety, several parks and tot lots, protected natural streams, public transportation, a new renovated County Library, 2 exits to I-270 (Montgomery Village Ave & Watkins Mill Rd/2020) Although Montgomery Village is an unincorporated area, its boundaries are defined according to Montgomery County zoning rules and by its own unique ZIP code.

Montgomery Village is recognized by the U.S. Census Bureau and by the U.S. Geological Survey as a census-designated place.

24.0% of all households were made up of individuals, and 4.9% had someone living alone who was 65 years of age or older.