Montrose, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montrose Neighborhoods Since 2000




Montrose, NY 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 2,812 people, 1,084 houses or apartments, and a median cost of homes of $349,125, real estate costs in Montrose are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Montrose, accounting for 71.75% of the town's housing units. Other types of housing that are prevalent in Montrose include large apartment complexes or high rise apartments ( 12.72%), duplexes, homes converted to apartments or other small apartment buildings ( 11.58%), and a few row houses and other attached homes ( 3.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montrose. Owner-occupied housing accounts for 80.44% of Montrose's homes, and 59.91% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Montrose's housing was primarily built during this period, from the '40s through the '60s. A full 49.74% of the town's housing hails from this era. Other housing ages represented in Montrose include homes built between 1970-1999 ( 27.54%) and housing constructed before 1939 ( 22.72%).

Montrose Home Appreciation Rates

Montrose's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Montrose during the period has been just -1.76%, which is lower than 80% of US communities.

Appreciation rates are so strong in Montrose that despite a nationwide downturn in the housing market, Montrose real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Montrose appreciation rates continue to be some of the highest in America, at 6.73%, which is higher than appreciation rates in 79.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Montrose. Montrose appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$349,125

Montrose, NY HOME PRICES

Value Range
> $1,088,000 0.5
$816,001 - $1,088,000 0.7
$544,001 - $816,000 5.4
$435,001 - $544,000 18.8
$326,001 - $435,000 34.6
$217,001 - $326,000 25.5
$109,001 - $217,000 7.4
$54,001 - $109,000 0.9
$0 - $54,000 6.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
12.2524317356147 28.6195286195286

Number Of Homes And Apartments:
1,084

Montrose Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
50.84% 2.41% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,952 / per month

Homeownership Rate

Homeownership
Owners 80.44
Renters 19.56
Vacant 4.91

Housing Market Details

 

Age of Homes

AGE OF Montrose HOMES
2000 or Newer 0.0
1970 - 1999 27.5
1940 - 1969 49.7
1939 or Older 22.7

Types of Homes

TYPE OF Montrose HOMES
Single-Family 71.8
Townhomes 3.9
Small Apt. Buildings 11.6
Apt. Complexes 12.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Montrose HOMES
No Bedroom 0.00
1 Bedroom 11.23
2 Bedrooms 24.12
3 Bedrooms 43.16
4 Bedrooms 16.75
5 or more bedrooms 4.74