Montrose, CO—81401
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Montrose, CO
Home Price Trends — Montrose, CO
As of Oct '25, the median home price in Montrose, CO is $418,000, with a year-over-year change of 2.0%. This indicates that home prices in Montrose, CO are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $418,000 | 2.0% |
| Single Family | $420,000 | 1.9% |
| Condos | $292,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $262,000 | 7.4% |
2 Bed | $328,000 | 3.1% |
3 Bed | $431,000 | 1.9% |
4 Bed | $491,000 | 1.9% |
| 5 Bed | $618,000 | 2.1% |
% of Housing Stock
Rental Trends — Montrose, CO
As of July '25, Rentcast reports the average rent in Montrose, CO is $1,660, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Montrose, CO is 1-bedrooms: $1,200, 2-bedrooms: $1,630, 3-bedrooms: $1,760, 4-bedrooms: $2,150. The most common rental property sizes in Montrose, CO are 3-bedroom and 2-bedroom, accounting for 36.9% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,200 |
| 2 Bed Rent | $1,300 | $1,630 |
| 3 Bed Rent | $1,700 | $1,760 |
| 4 Bed Rent | $2,000 | $2,150 |
% of Rental Stock
Property Listings — Montrose, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Montrose, CO is 71. This is a increase of 10.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $488,000 | -2.0% |
Listing Count | 158 | -1.0% |
| Listings as % of Homes | 0.7% | -1.0% |
Days on Market | 71 | 10.0% |
Demographics — Montrose, CO
As of the latest ACS Survey released in 2023, Montrose, CO has a population of 23,700, which has increased by 4.8% over the past 5 years. Montrose, CO is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,700 | 4.8% |
% Under 18 | 20.8% | -2.8% |
% Seniors | 25.5% | 16.4% |
% WFH | 11.2% | 100.0% |
% w/ College Degree | 29.2% | 24.8% |
As of the latest ACS Survey released in 2023, Montrose, CO is a predominantly white area, with 74.2% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Montrose, CO is hispanic, making up 20.5% of the population. Foreign-born residents account for 6.5% of the population in Montrose, CO, and this percentage has increased by 3.2% 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 | 74.2% | 1.0% |
% Black | 0.2% | 100.0% |
% Hispanic | 20.5% | -6.4% |
% Asian | 0.8% | -46.7% |
% Foreign Born | 6.5% | 3.2% |
Mortgage and Risk — Montrose, CO
According to HUD data as of 2023, there were 533 mortgage originations in Montrose, CO, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Montrose, CO. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 533 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Montrose, CO
Montrose, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 483 |
Total Units Section 8 | 376 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,150 | $880 |
| 2 Bedroom | -$140 | $1,300 | $1,160 |
| 3 Bedroom | -$70 | $1,700 | $1,630 |
| 4 Bedroom | -$50 | $2,000 | $1,950 |
Affordability — Montrose, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $418,000 |
| Median Household Income | $63,500 |