Montrose, SD housing market
The median sale price was $275,000 in May 2026.
Home values, sales, trends and how Montrose compares with the towns next door — updated as new data is published.
Montrose at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
No new homes permitted in 2025
No permits for new homes were issued in Montrose in 2025. The last year with any was 2024 (1 new home).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 1 | 1 | 0 | $150,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 1 | 1 | 0 | $180,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $176,000 |
| 2018 | 1 | 1 | 0 | $220,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $235,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 3 | 3 | 0 | $450,000 |
| 2006 | 1 | 1 | 0 | $229,000 |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 3 | 0 | 3 | — |
| 2002 | 3 | 0 | 3 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 8 | 8 | 0 | $792,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
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. Renters already in Montrose pay a median of $663, so moving in tends to cost more than staying put.
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.
Recent listings in Montrose
Home values: Zillow Home Value Index (ZHVI), Zillow Research. 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.