Montrose, VA housing market
The typical Montrose home is worth about $260,000, up 2% in a year, 37% below the Virginia typical home. Homes typically sell in 10 days, a little above 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 strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Montrose | Virginia |
|---|---|---|
| 2017 | $110,000 | $253,000 |
| 2018 | $124,000 | $263,000 |
| 2019 | $132,000 | $271,000 |
| 2020 | $142,000 | $284,000 |
| 2021 | $163,000 | $311,000 |
| 2022 | $187,000 | $345,000 |
| 2023 | $254,000 | $367,000 |
| 2024 | $245,000 | $386,000 |
| 2025 | $257,000 | $405,000 |
| 2026 | $257,000 | $411,000 |
| August 2026 | $260,000 | $415,000 |
Montrose and its neighbors
5.2 years of income
The typical Montrose home costs about 5.2 years of the town's median household income, more than across Virginia (4.5 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 $1,540
HUD's Fair Market Rent for a two-bedroom in Montrose is $1,540 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Montrose pay a median of $1,297, so moving in tends to cost more than staying put. A two-bedroom takes about 37% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,340 · 4 bedrooms $2,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (23223, 23231; Richmond, VA 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, May 2026. 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.