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Montrose, SD—57048

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$364,000
4.0% YoY Growth
Household Income
$94,400
45.2% YoY Growth
Days on Market
90
86.0% Longer YoY
Home Price Forecast
3.6%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Montrose, SD

As of Dec '25, the median home price in Montrose, SD is $364,000, with a year-over-year change of 4.0%. This indicates that home prices in Montrose, SD are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$364,0004.0%
Single Family $364,0003.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$310,0004.4%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.8%
    2 Bedrooms
    19.3%
    3 Bedrooms
    38.4%
    4 Bedrooms
    29.4%
    5+ Bedrooms
    9.2%

    Rental Trends — Montrose, SD

    Montrose, SD lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    23.3%
    2 Bedrooms
    43.8%
    3 Bedrooms
    16.4%
    4 Bedrooms
    16.4%

    Property Listings — Montrose, SD

    As of Dec '25, Realtor.com reports that the median days on market for a home in Montrose, SD is 67. This is a increase of 74.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$272,0002.0%
    Listing Count
    		728.0%
    Listings as % of Homes0.4%28.0%
    Days on Market
    		9086.0%
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    Demographics — Montrose, SD

    As of the latest ACS Survey released in 2023, Montrose, SD has a population of 1,350, which has increased by 14.5% over the past 5 years. Montrose, SD is a popular place for families, as children make up 27.9% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,35014.5%
    % Under 18
    		27.9%-15.7%
    % Seniors
    		12.5%-6.7%
    % WFH
    		8.7%155.9%
    % w/ College Degree
    		28.3%9.7%
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    As of the latest ACS Survey released in 2023, Montrose, SD is a predominantly white area, with 96.0% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Montrose, SD is hispanic, making up 3.7% of the population. Foreign-born residents account for 1.0% of the population in Montrose, SD, and this percentage has decreased by 70.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		96.0%0.8%
    % Black
    		0.0%-100.0%
    % Hispanic
    		3.7%311.1%
    % Asian
    		0.0%N/A
    % Foreign Born
    		1.0%-70.6%
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    Mortgage and Risk — Montrose, SD

    Montrose, SD lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
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    Rentals and Section 8 — Montrose, SD

    Montrose, SD 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
    		2.7%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$800
    2 BedroomN/AN/A$940
    3 BedroomN/AN/A$1,280
    4 BedroomN/AN/A$1,600

    Affordability — Montrose, SD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$364,000
    Median Household Income$94,400

    Montrose, SD — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Humboldt, SD

    57035

    Canistota, SD

    57012

    Salem, SD

    57058

    Monroe, SD

    57047

    Colton, SD

    57018

    Frequently Asked Questions