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  4. /Montrose, CO - 81401

Montrose, CO—81401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$434,000
2.2% YoY Growth
Household Income
$63,500
46.4% YoY Growth
Days on Market
54
1.0% Longer YoY
Home Price Forecast
1.6%
Median Rent
$1,700
0.0% YoY Growth
1-Bed Rent
$1,150
N/A
2-Bed Rent
$1,300
1.8% YoY Growth
3-Bed Rent
$1,700
6.0% YoY Growth

Other Zip Codes in Montrose, CO

81403
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Montrose, CO

As of May '26, the median home price in Montrose, CO is $434,000, with a year-over-year change of 2.2%. This indicates that home prices in Montrose, CO are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$434,0002.2%
Single Family $435,0002.1%
Condos $305,0000.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $282,000
    2.2%
    2 Bed
    		$339,0001.8%
    3 Bed
    		$445,0002.1%
    4 Bed
    		$508,0002.0%
    5 Bed $633,8923.2%
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    % of Housing Stock

    Studio
    2.9%
    1 Bedroom
    6.8%
    2 Bedrooms
    21.9%
    3 Bedrooms
    51.2%
    4 Bedrooms
    13.8%
    5+ Bedrooms
    3.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,660
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    7.9%
    1 Bedroom
    15.2%
    2 Bedrooms
    36.3%
    3 Bedrooms
    36.9%
    4 Bedrooms
    3.4%
    5+ Bedrooms
    0.3%

    Property Listings — Montrose, CO

    As of May '26, Realtor.com reports that the median days on market for a home in Montrose, CO is 54. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$530,000-2.0%
    Listing Count
    		18226.0%
    Listings as % of Homes0.7%26.0%
    Days on Market
    		541.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		23,7004.8%
    % Under 18
    		20.8%-2.8%
    % Seniors
    		25.5%16.4%
    % WFH
    		11.2%100.0%
    % w/ College Degree
    		29.2%24.8%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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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
    		483
    Total Units Section 8
    		376
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		92.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio6.2
    Median Home Price$434,000
    Median Household Income$63,500

    Montrose, CO — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    81432

    Frequently Asked Questions