Montrose, Houston, TX—77006
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montrose, Houston, TX
As of Oct '25, the median home price in Montrose, Houston, TX is $556,000, with a year-over-year change of -1.9%. This indicates that home prices in Montrose, Houston, TX are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $556,000 | -1.9% |
| Single Family | $620,000 | -2.1% |
| Condos | $256,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $205,000 | -0.5% |
2 Bed | $402,000 | -3.1% |
3 Bed | $630,000 | -2.5% |
4 Bed | $1,006,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montrose, Houston, TX
As of July '25, Rentcast reports the average rent in Montrose, Houston, TX is $2,100, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Montrose, Houston, TX is studios: $1,270, 1-bedrooms: $1,610, 2-bedrooms: $2,610, 3-bedrooms: $3,830, 4-bedrooms: $5,120. The most common rental property sizes in Montrose, Houston, TX are 1-bedroom and 2-bedroom, accounting for 57.4% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,770 | $2,100 |
| Studio Rent | $1,220 | $1,270 |
| 1 Bed Rent | $1,560 | $1,610 |
| 2 Bed Rent | $2,340 | $2,610 |
| 3 Bed Rent | $3,500 | $3,830 |
| 4 Bed Rent | $4,200 | $5,120 |
% of Rental Stock
Property Listings — Montrose, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Montrose, Houston, TX is 53. This is a decrease of -3.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $675,000 | 2.0% |
Listing Count | 207 | 39.0% |
| Listings as % of Homes | 0.8% | 39.0% |
Days on Market | 53 | -3.0% |
Demographics — Montrose, Houston, TX
As of the latest ACS Survey released in 2023, Montrose, Houston, TX has a population of 23,900, which has increased by 5.7% over the past 5 years. Montrose, Houston, TX is a less popular place for families, as children make up 7.8% of the population. The area has a highly educated workforce, with 80.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,900 | 5.7% |
% Under 18 | 7.8% | -10.3% |
% Seniors | 11.9% | 28.0% |
% WFH | 21.9% | 212.9% |
% w/ College Degree | 80.2% | 11.9% |
As of the latest ACS Survey released in 2023, Montrose, Houston, TX is a predominantly white area, with 60.7% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Montrose, Houston, TX is hispanic, making up 15.7% of the population. Foreign-born residents account for 16.5% of the population in Montrose, Houston, TX, and this percentage has decreased by 9.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.7% | -11.9% |
% Black | 8.0% | 56.9% |
% Hispanic | 15.7% | 0.0% |
% Asian | 9.5% | 20.3% |
% Foreign Born | 16.5% | -9.8% |
Mortgage and Risk — Montrose, Houston, TX
According to HUD data as of 2023, there were 276 mortgage originations in Montrose, Houston, TX, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Montrose, Houston, TX. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 276 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Montrose, Houston, TX
As of 2024, the percent of homes in Montrose, Houston, TX under the Section 8 program is 0.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Montrose, Houston, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,560 | $1,920 |
| 2 Bedroom | -$50 | $2,340 | $2,290 |
| 3 Bedroom | -$450 | $3,500 | $3,050 |
| 4 Bedroom | -$350 | $4,200 | $3,850 |
Affordability — Montrose, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $556,000 |
| Median Household Income | $102,000 |