Montrose, MI—48457
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montrose, MI
As of Oct '25, the median home price in Montrose, MI is $204,000, with a year-over-year change of 6.0%. This indicates that home prices in Montrose, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 6.0% |
| Single Family | $203,000 | 6.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $143,000 | 6.7% |
3 Bed | $203,000 | 6.3% |
4 Bed | $244,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montrose, MI
As of July '25, Rentcast reports the average rent in Montrose, MI is $950, with a year-over-year rent change of -10.4%. Per bedroom, the median rent as of July '25 in Montrose, MI is 1-bedrooms: $775, 2-bedrooms: $938, 3-bedrooms: $1,050. The most common rental property sizes in Montrose, MI are 2-bedroom and 1-bedroom, accounting for 41.7% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $775 |
| 2 Bed Rent | $825 | $938 |
| 3 Bed Rent | $1,050 | $1,050 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Montrose, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Montrose, MI is 56. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | -6.0% |
Listing Count | 25 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 56 | 6.0% |
Demographics — Montrose, MI
As of the latest ACS Survey released in 2023, Montrose, MI has a population of 8,690, which has increased by 6.8% over the past 5 years. Montrose, MI is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,690 | 6.8% |
% Under 18 | 20.7% | -1.4% |
% Seniors | 19.5% | -6.2% |
% WFH | 7.4% | 94.7% |
% w/ College Degree | 13.9% | 0.7% |
As of the latest ACS Survey released in 2023, Montrose, MI is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Montrose, MI is black, making up 3.3% of the population. Foreign-born residents account for 0.6% of the population in Montrose, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.0% | -4.3% |
% Black | 3.3% | 94.1% |
% Hispanic | 2.7% | 28.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | 0.0% |
Mortgage and Risk — Montrose, MI
According to HUD data as of 2023, there were 153 mortgage originations in Montrose, MI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Montrose, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 153 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Montrose, MI
Montrose, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$5 | $775 | $770 |
| 2 Bedroom | $135 | $825 | $960 |
| 3 Bedroom | $140 | $1,050 | $1,190 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Montrose, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $204,000 |
| Median Household Income | $64,600 |