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Montrose, CO—81403

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$588,000
3.1% YoY Growth
Household Income
$73,600
21.9% YoY Growth
Days on Market
116
19.0% Longer YoY
Home Price Forecast
3.1%
Median Rent
$2,480
4.1% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,480
8.1% YoY Growth

Other Zip Codes in Montrose, CO

81401
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Montrose, CO

As of Dec '25, the median home price in Montrose, CO is $588,000, with a year-over-year change of 3.1%. This indicates that home prices in Montrose, CO are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$588,0003.1%
Single Family $588,0003.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $439,000
    2.8%
    2 Bed
    		$510,0002.6%
    3 Bed
    		$584,0003.0%
    4 Bed
    		$751,0002.7%
    5 Bed $917,2902.0%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    4.4%
    2 Bedrooms
    13.6%
    3 Bedrooms
    60.1%
    4 Bedrooms
    14.0%
    5+ Bedrooms
    6.7%

    Rental Trends — Montrose, CO

    As of July '25, Rentcast reports the average rent in Montrose, CO is $2,590, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Montrose, CO is 3-bedrooms: $2,480, 4-bedrooms: $2,700. The most common rental property sizes in Montrose, CO are 3-bedroom and 2-bedroom, accounting for 71.1% and 17.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,480$2,590
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,480$2,480
    4 Bed Rent $2,700$2,700
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    % of Rental Stock

    1 Bedroom
    7.8%
    2 Bedrooms
    17.9%
    3 Bedrooms
    71.1%
    4 Bedrooms
    2.2%
    5+ Bedrooms
    1.0%

    Property Listings — Montrose, CO

    As of Dec '25, Realtor.com reports that the median days on market for a home in Montrose, CO is 101. This is a increase of 18.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$762,000-5.0%
    Listing Count
    		10238.0%
    Listings as % of Homes0.9%38.0%
    Days on Market
    		11619.0%
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    Demographics — Montrose, CO

    As of the latest ACS Survey released in 2023, Montrose, CO has a population of 12,000, which has increased by 11.9% 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 35.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,00011.9%
    % Under 18
    		20.8%-2.8%
    % Seniors
    		27.8%13.5%
    % WFH
    		8.5%54.5%
    % w/ College Degree
    		35.2%8.3%
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    As of the latest ACS Survey released in 2023, Montrose, CO is a predominantly white area, with 73.1% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Montrose, CO is hispanic, making up 22.2% of the population. Foreign-born residents account for 6.7% of the population in Montrose, CO, and this percentage has increased by 11.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		73.1%-12.6%
    % Black
    		0.7%-30.0%
    % Hispanic
    		22.2%56.3%
    % Asian
    		0.3%0.0%
    % Foreign Born
    		6.7%11.7%
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    Mortgage and Risk — Montrose, CO

    According to HUD data as of 2023, there were 196 mortgage originations in Montrose, CO, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% 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. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		196
    % Conventional Loans
    		80.0%
    % Government Loans
    		20.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Montrose, CO

    Montrose, CO lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		12
    Total Units Section 8
    		12
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		87.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,220
    2 BedroomN/AN/A$1,600
    3 Bedroom-$330$2,480$2,150
    4 Bedroom-$530$2,700$2,170

    Affordability — Montrose, CO

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.3
    Median Home Price$588,000
    Median Household Income$73,600

    Montrose, CO — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions