Montrose, CO housing market
The typical Montrose home is worth about $467,000, up 2.1% in a year, 12% below the Colorado typical home. Homes typically sell in 30 days, below asking.
Home values, sales, trends and how Montrose compares with the towns next door — updated as new data is published.
Montrose at a glance
A seller's market
Supply is tight — about 3.6 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Montrose | Colorado |
|---|---|---|
| 2017 | $235,000 | $339,000 |
| 2018 | $253,000 | $366,000 |
| 2019 | $275,000 | $389,000 |
| 2020 | $295,000 | $406,000 |
| 2021 | $325,000 | $444,000 |
| 2022 | $395,000 | $523,000 |
| 2023 | $426,000 | $548,000 |
| 2024 | $437,000 | $549,000 |
| 2025 | $456,000 | $555,000 |
| 2026 | $466,000 | $542,000 |
| August 2026 | $467,000 | $533,000 |
165 new homes permitted in 2025
Builders were permitted 165 new homes in Montrose in 2025: 93 single-family houses and 72 in buildings with two or more homes, worth about $29.3 million to build. That's 7.8 per 1,000 residents, about the pace of Colorado as a whole. Over the past 10 years, Montrose has permitted 1,798 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Montrose gained 1,159 residents while 717 new homes were permitted: about 1.6 new residents per new home. Building and growth moved roughly in step. Across Colorado: 2.5 new residents per new home.
How Montrose ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 90 | 74 | 16 | $13.4 million |
| 2025 | 165 | 93 | 72 | $29.3 million |
| 2024 | 155 | 125 | 30 | $26.9 million |
| 2023 | 233 | 159 | 74 | $30.5 million |
| 2022 | 278 | 211 | 67 | $42 million |
| 2021 | 285 | 222 | 63 | $43 million |
| 2020 | 165 | 153 | 12 | $24.6 million |
| 2019 | 141 | 125 | 16 | $23.3 million |
| 2018 | 218 | 141 | 77 | $30.2 million |
| 2017 | 102 | 99 | 3 | $17 million |
| 2016 | 56 | 56 | 0 | $10.5 million |
| 2015 | 55 | 55 | 0 | $8.6 million |
| 2014 | 42 | 42 | 0 | $8 million |
| 2013 | 30 | 30 | 0 | $6.2 million |
| 2012 | 19 | 19 | 0 | $3.7 million |
| 2011 | 22 | 22 | 0 | $4.8 million |
| 2010 | 32 | 32 | 0 | $6 million |
| 2009 | 78 | 47 | 31 | $11.6 million |
| 2008 | 140 | 97 | 43 | $17.4 million |
| 2007 | 283 | 241 | 42 | $42.7 million |
| 2006 | 422 | 362 | 60 | $52.5 million |
| 2005 | 466 | 401 | 65 | $56.6 million |
| 2004 | 362 | 291 | 71 | $43.9 million |
| 2003 | 271 | 245 | 26 | $31.9 million |
| 2002 | 197 | 181 | 16 | $21.9 million |
| 2001 | 291 | 194 | 97 | $22.6 million |
| 2000 | 196 | 181 | 15 | $16.8 million |
How Montrose ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
6.6 years of income
The typical Montrose home costs about 6.6 years of the town's median household income, more than across Colorado (5.6 years).
How Montrose ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,240
HUD's Fair Market Rent for a two-bedroom in Montrose is $1,240 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Montrose pay a median of $1,197. A two-bedroom takes about 21% of the town's median household income.
Studio $930 · 4 bedrooms $2,050
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (81401, 81403; Montrose County, CO), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Montrose
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.