Montrose, MN 55363 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Montrose, MN—55363

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$314,000

3.3% YoY Growth

Household Income

$98,300

32.0% YoY Growth

Days on Market

111

98.0% Longer YoY

Home Price Forecast

-0.2%

Median Rent

$1,940

14.1% YoY Growth

1-Bed Rent

$800

N/A

2-Bed Rent

$1,350

15.6% YoY Growth

3-Bed Rent

$2,200

6.4% YoY Growth

Home Price Trends — Montrose, MN

As of Dec '25, the median home price in Montrose, MN is $314,000, with a year-over-year change of 3.3%. This indicates that home prices in Montrose, MN are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$314,000	3.3%
Single Family	$315,000	2.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Montrose, MN

As of July '25, Rentcast reports the average rent in Montrose, MN is $1,770, with a year-over-year rent change of -14.1%. Per bedroom, the median rent as of July '25 in Montrose, MN is 1-bedrooms: $800, 2-bedrooms: $1,350, 3-bedrooms: $2,160, 4-bedrooms: $2,000. The most common rental property sizes in Montrose, MN are 3-bedroom and 2-bedroom, accounting for 45.8% and 22.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,940	$1,770
Studio Rent	N/A	N/A
1 Bed Rent	$800	$800
2 Bed Rent	$1,350	$1,350
3 Bed Rent	$2,200	$2,160
4 Bed Rent	$2,000	$2,000

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% of Rental Stock

1 Bedroom

11.4%

2 Bedrooms

22.8%

3 Bedrooms

45.8%

4 Bedrooms

15.0%

5+ Bedrooms

5.0%

Property Listings — Montrose, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Montrose, MN is 78. This is a increase of 90.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$382,000	26.0%
Listing Count	34	166.0%
Listings as % of Homes	0.3%	166.0%
Days on Market	111	98.0%

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Demographics — Montrose, MN

As of the latest ACS Survey released in 2023, Montrose, MN has a population of 5,660, which has increased by 17.8% over the past 5 years. Montrose, MN is a popular place for families, as children make up 31.4% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,660	17.8%
% Under 18	31.4%	-0.9%
% Seniors	8.7%	-3.3%
% WFH	8.3%	102.4%
% w/ College Degree	24.1%	18.1%

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As of the latest ACS Survey released in 2023, Montrose, MN is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Montrose, MN is hispanic, making up 11.4% of the population. Foreign-born residents account for 4.3% of the population in Montrose, MN, and this percentage has increased by 34.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	81.3%	-10.6%
% Black	0.1%	-90.0%
% Hispanic	11.4%	147.8%
% Asian	0.0%	-100.0%
% Foreign Born	4.3%	34.4%

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Mortgage and Risk — Montrose, MN

According to HUD data as of 2023, there were 211 mortgage originations in Montrose, MN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Montrose, MN. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	211
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Montrose, MN

As of 2024, the percent of homes in Montrose, MN under the Section 8 program is 0.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Montrose, MN, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	0.2%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$430	$800	$1,230
2 Bedroom	$150	$1,350	$1,500
3 Bedroom	-$200	$2,200	$2,000
4 Bedroom	$240	$2,000	$2,240

Montrose, MN—55363

Key Metrics at a Glance

Home Price Trends — Montrose, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Montrose, MN

% of Rental Stock

Property Listings — Montrose, MN

Demographics — Montrose, MN

Race and Ethnicity

Mortgage and Risk — Montrose, MN

Mortgages

Rentals and Section 8 — Montrose, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Montrose, MN

Home Price to Income Ratio

Montrose, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Waverly, MN

Delano, MN

Watertown, MN

Mayer, MN

Buffalo, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$314,000
Median Household Income	$98,300

Montrose, MN—55363

Key Metrics at a Glance

Home Price Trends — Montrose, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Montrose, MN

% of Rental Stock

Property Listings — Montrose, MN

Demographics — Montrose, MN

Race and Ethnicity

Mortgage and Risk — Montrose, MN

Mortgages

Rentals and Section 8 — Montrose, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Montrose, MN

Home Price to Income Ratio

Montrose, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Waverly, MN

Delano, MN

Watertown, MN

Mayer, MN

Buffalo, MN

Frequently Asked Questions

What is the average home price in Montrose, MN 55363?

How have home prices in Montrose, MN 55363 changed over the past year?

What is the home price projection for Montrose, MN 55363?

What are the demographics of Montrose, MN 55363?

How long does it take homes to sell in Montrose, MN 55363?

What is the average rent price in Montrose, MN 55363?