Montrose, SD housing market
The typical Montrose home is worth about $383,000, up 6.4% in a year, 19% above the South Dakota typical home.
Home values, sales, trends and how Montrose compares with the towns next door — updated as new data is published.
Montrose at a glance
Typical home value, 2016–2026
Show as a table
| January | Montrose | South Dakota |
|---|---|---|
| 2017 | $193,000 | $186,000 |
| 2018 | $212,000 | $195,000 |
| 2019 | $215,000 | $203,000 |
| 2020 | $230,000 | $215,000 |
| 2021 | $254,000 | $235,000 |
| 2022 | $294,000 | $272,000 |
| 2023 | $324,000 | $297,000 |
| 2024 | $328,000 | $301,000 |
| 2025 | $357,000 | $312,000 |
| 2026 | $369,000 | $319,000 |
| August 2026 | $383,000 | $322,000 |
A two-bedroom rents for about $930
HUD's Fair Market Rent for a two-bedroom in Montrose is $930 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $690 · 4 bedrooms $1,560
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57048; Sioux Falls, SD HUD Metro FMR Area), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.