Montrose, CO 81403 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Montrose, CO—81403

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$604,000

2.8% YoY Growth

Household Income

$73,600

21.9% YoY Growth

Days on Market

7.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$2,480

4.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,480

8.1% YoY Growth

Other Zip Codes in Montrose, CO

81401

Home Price Trends — Montrose, CO

As of May '26, the median home price in Montrose, CO is $604,000, with a year-over-year change of 2.8%. This indicates that home prices in Montrose, CO are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$604,000	2.8%
Single Family	$605,000	2.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$2,480	$2,590
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/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 May '26, Realtor.com reports that the median days on market for a home in Montrose, CO is 53. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$785,000	-4.0%
Listing Count	102	11.0%
Listings as % of Homes	0.9%	11.0%
Days on Market	53	-7.0%

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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.

Metric	Latest Census	YoY % Change
Population	12,000	11.9%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,220
2 Bedroom	N/A	N/A	$1,600
3 Bedroom	-$330	$2,480	$2,150
4 Bedroom	-$530	$2,700	$2,170

Montrose, CO—81403

Key Metrics at a Glance

Other Zip Codes in Montrose, CO

Home Price Trends — Montrose, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Montrose, CO

% of Rental Stock

Property Listings — Montrose, CO

Demographics — Montrose, CO

Race and Ethnicity

Mortgage and Risk — Montrose, CO

Mortgages

Rentals and Section 8 — Montrose, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Montrose, CO

Home Price to Income Ratio

Montrose, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Montrose, CO

Olathe, CO

Ridgway, CO

Crawford, CO

Ouray

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.4
Median Home Price	$604,000
Median Household Income	$73,600

Montrose, CO—81403

Key Metrics at a Glance

Other Zip Codes in Montrose, CO

Home Price Trends — Montrose, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Montrose, CO

% of Rental Stock

Property Listings — Montrose, CO

Demographics — Montrose, CO

Race and Ethnicity

Mortgage and Risk — Montrose, CO

Mortgages

Rentals and Section 8 — Montrose, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Montrose, CO

Home Price to Income Ratio

Montrose, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Montrose, CO

Olathe, CO

Ridgway, CO

Crawford, CO

Ouray

Frequently Asked Questions

What is the average home price in Montrose, CO 81403?

How have home prices in Montrose, CO 81403 changed over the past year?

What is the home price projection for Montrose, CO 81403?

What are the demographics of Montrose, CO 81403?

How long does it take homes to sell in Montrose, CO 81403?

What is the average rent price in Montrose, CO 81403?