Montrose, CO—81403
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 $595,000, 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 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $595,000 | 3.1% |
| Single Family | $596,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $447,000 | 3.2% |
2 Bed | $519,000 | 2.8% |
3 Bed | $590,000 | 3.1% |
4 Bed | $758,000 | 2.8% |
| 5 Bed | $919,000 | 2.0% |
% of Housing Stock
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 |
% 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 89. 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $779,000 | -1.0% |
Listing Count | 127 | 39.0% |
| Listings as % of Homes | 0.9% | 39.0% |
Days on Market | 89 | 18.0% |
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% |
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% |
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% |
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 | 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 |
Affordability — Montrose, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $595,000 |
| Median Household Income | $73,600 |