Montrose, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Montrose, CO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Montrose Housing Market Information

With 19,062 people, 8,162 houses or apartments, and a median cost of homes of $199,021, Montrose real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Montrose, accounting for 69.36% of the city's housing units. Other types of housing that are prevalent in Montrose include large apartment complexes or high rise apartments ( 9.77%), mobile homes or trailers ( 8.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.39%).

The most prevalent building size and type in Montrose are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.46% owning and 39.54% renting.

There is a lot of housing in Montrose built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Montrose built between 2000 and later ( 34.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.05%). There's also some housing in Montrose built before 1939 ( 7.47%).

Montrose Home Appreciation Rates

Real estate appreciation rates in Montrose's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.71% during the period.

Over the last year, Montrose appreciation rates have trailed the rest of the nation. In the last twelve months, Montrose's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Montrose were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Colorado, our data show that Montrose's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Montrose differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Montrose - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Montrose real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$199,021

Montrose, CO HOME PRICES

Value Range
> $1,136,000 1.2
$852,001 - $1,136,000 0.1
$568,001 - $852,000 2.0
$454,001 - $568,000 3.4
$341,001 - $454,000 7.9
$227,001 - $341,000 21.8
$114,001 - $227,000 47.8
$57,001 - $114,000 6.0
$0 - $57,000 9.7

Low for CO
High for Nation

Value Relative to Nation Value Relative to State
32.4915035743584 70.7423580786026

Number Of Homes And Apartments:
8,162

Montrose Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
43.74% 2.13% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,188 / per month

Homeownership Rate

Homeownership
Owners 60.46
Renters 39.54
Vacant 5.66

Housing Market Details

 

Age of Homes

AGE OF Montrose HOMES
2000 or Newer 34.9
1970 - 1999 44.6
1940 - 1969 13.0
1939 or Older 7.5

Types of Homes

TYPE OF Montrose HOMES
Single-Family 69.4
Townhomes 5.3
Small Apt. Buildings 7.4
Apt. Complexes 9.8
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Montrose HOMES
No Bedroom 1.68
1 Bedroom 6.13
2 Bedrooms 27.55
3 Bedrooms 46.76
4 Bedrooms 14.08
5 or more bedrooms 3.80

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Zip Codes in Montrose, CO