City · 21,044 residents · Montrose County, Colorado
Montrose, Colorado
In Montrose, a typical home is worth $387,900 and typical rent is $1,197 a month. Home values, rent and income are very close to those of all of Montrose County.
Typical home value from Zillow, September 2021 to September 2026: from $376,222 to $466,953.
Typical rent
$1,903a month
▲ 6.1% more than 12 months ago
Typical rent from Zillow, June 2023 to September 2026: from $1,572 to $1,903.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Montrose is in Montrose County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Montrose County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Clifton, the typical home value is $250,500: 35% less than in Montrose ($387,900).
2
Nearby, in Delta, the typical rent is $990: 17% less than in Montrose ($1,197).
3
According to Zillow, in the 12 months to September 2026 the typical home value in Montrose rose 2%; in Colorado, it fell 1.3%.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Montrose
What homes there are in Montrose, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Montrose
Montrose County
Colorado
United States
Kind of home: Montrose and its comparisons
Measure
Montrose
Montrose County
Colorado
United States
Detached house
68%
68%
61%
61%
Attached house
6%
4%
8%
6%
Building of 2 to 4
8%
5%
5%
8%
Apartments (5 or more)
9%
5%
23%
19%
Mobile home
9%
19%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is the most common home in Montrose: 68% of homes, near the figure in Montrose County (68%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Montrose
Montrose County
Colorado
United States
Year built: Montrose and its comparisons
Measure
Montrose
Montrose County
Colorado
United States
Before 1960
12%
14%
16%
26%
1960–1979
24%
23%
24%
24%
1980–1999
23%
26%
28%
25%
2000–2009
25%
24%
17%
14%
2010 or later
17%
13%
16%
11%
By age, homes in Montrose look like those in Montrose County: the typical year built is 1994.
There are fewer big homes in Montrose than in Montrose County: 68% have 3 bedrooms or more, against 73%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K7%
$100K–$200K8%
$200K–$300K13%
$300K–$500K50%
$500K–$750K15%
FHA limit: $541,287
$750K–$1M6%
$1M or moreUnreliable
Value of owner-occupied homes: Montrose and its comparisons
Measure
Montrose
Under $100K
7%
$100K–$200K
8%
$200K–$300K
13%
$300K–$500K
50%
$500K–$750K
15%
$750K–$1M
6%
$1M or more
Unreliable estimate
By price, most homes in Montrose sit under the FHA limit for Montrose County ($541,287): about 80%.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50020%
$500–$99919%
$1,000–$1,49926%
HUD fair market rent, 2 bedrooms: $1,321
$1,500–$1,99922%
$2,000–$2,49910%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Montrose and its comparisons
Measure
Montrose
Under $500
20%
$500–$999
19%
$1,000–$1,499
26%
$1,500–$1,999
22%
$2,000–$2,499
10%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent (FMR) for Montrose County is $1,321: about 56% of rents in Montrose are below it.
With a mortgage
$1,555 a month
Montrose County: $1,593 a month
Without a mortgage
$487 a month
Montrose County: $473 a month
Owners with a mortgage
57%
Montrose County: 52%
In Montrose, 57% of owners have a mortgage; their typical cost is $1,555 a month, about the same as in Montrose County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Montrose+83%
Montrose County+73%
Colorado+57%
United States+53%
Typical rent
Montrose+32%
Montrose County+32%
Colorado+39%
United States+33%
Typical household income
Montrose+52%
Montrose County+43%
Colorado+32%
United States+29%
Change since 2015–2019: Montrose and its comparisons
Measure
Montrose
Montrose County
Colorado
United States
Typical home value
+83%
+73%
+57%
+53%
Typical rent
+32%
+32%
+39%
+33%
Typical household income
+52%
+43%
+32%
+29%
From 2015–2019 to 2020–2024, the typical home value in Montrose rose 83%; in Montrose County, it rose 73%.
Rents in Montrose rose at about the same pace as in Montrose County: 32% since 2015–2019, against 32%.
To compare: typical income in Montrose rose 52%; the home, +83%; the rent, +32%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Montrose and its comparisons
Measure
Montrose
Montrose County
Colorado
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
2.4%
3.4%
People per household
2.28
2.38
2.42
2.53
Drive alone
76%
77%
65%
69%
Carpool
7%
8%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
2%
3%
Walk or bike
5%
3%
3%
3%
Work from home
11%
12%
21%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Montrose look like those in Montrose County: 2.28 people on average.
The car rules in Montrose: 76% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Montrose?
A typical home costs more than the typical income allows
We start with a typical home in Montrose, worth $387,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 52% of the typical household income in Montrose, which is $70,386 a year. For that payment to be 28% of income, a household would need to earn about $129,984 a year.
The calculator's FHA and conventional loan limits are those of all of Montrose County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Montrose. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $13,577 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,033
at 7.18% · 30 years
Loan amount
$380,874
Total interest
$547,988
Paid off in
November 2056
Includes $6,551 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,642 a month
Tight
$1,642 to $2,112 a month
Hard
more than $2,112 a month
Your payment · 52%
Compared with the typical household income in Montrose ($70,386 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,580
Property tax
$120
Home insurance
$162
FHA mortgage insurance (MIP)
$172
You need at least $13,577 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,033; principal and interest $2,580.
The city and its county
Montrose and Montrose County
Montrose is in Montrose County, Colorado. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Montrose
Map of Montrose County, Colorado, with Montrose marked. Around it, the neighboring counties.
Montrose
Montrose County
Other cities with a page
Montrose's own numbers
Typical home value
$387,900
Typical monthly rent
$1,197
Typical yearly household income
$70,386
Households that own their home
71%
Effective property tax rate
0.37%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Montrose County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,321
Price change over 5 years (FHFA)
+55%
Homes in a high flood-risk zone
3%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Montrose County.
A typical home in Montrose is worth $387,900: about the same as the county and 28% below Colorado. With the typical household income in Montrose ($70,386 a year), a typical home costs 5.5 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Montrose5.5 years
County5.4 years
Colorado5.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Montrose County
According to FHFA’s house price index, home prices in Montrose County rose 114% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Montrose County.
Yearly change in FHFA’s price index in Montrose County, 2016 to 2025
2016: +3.6% +3.6% 2016
2017: +8.2% +8.2% 2017
2018: +8.8% +8.8% 2018
2019: +7.3% +7.3% 2019
2020: +5.5% +5.5% 2020
2021: +13.0% +13.0% 2021
2022: +20.6% +20.6% 2022
2023: +7.9% +7.9% 2023
2024: +0.5% +0.5% 2024
2025: +4.9% +4.9% 2025
Change in FHFA’s price index in Montrose County, Colorado and the United States
Period
County
Colorado
U.S.
Last year (2025)
+4.9%
+0.1%
+2.9%
5 years (2020–2025)
+55%
+38%
+47%
10 years (2015–2025)
+114%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Montrose next to Montrose County, Colorado and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Montrose$387,900
County$388,400
Colorado$539,400
United States$332,700
Typical monthly rent
Montrose$1,197
County$1,188
Colorado$1,761
United States$1,413
Typical yearly household income
Montrose$70,386
County$72,120
Colorado$95,470
United States$80,734
See the full table
Montrose next to Montrose County and Colorado
Measure
Montrose
Montrose County
Colorado
U.S.
Typical home value
$387,900
$388,400
$539,400
$332,700
Typical monthly rent
$1,197
$1,188
$1,761
$1,413
Typical yearly household income
$70,386 ▼2% below the county
$72,120
$95,470
$80,734
Households that own their home
71% ▼5 points below the county
75%
66%
65%
Typical yearly property tax
$1,450 ▲5% above the county
$1,385
$2,602
$3,119
Effective property tax rate
0.37% ▲0.01 points above the county
0.36%
0.48%
0.94%
Renters with high rent for their income
53% ▲4 points above the county
49%
53%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Montrose County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Montrose
For a typical $387,900 home in Montrose, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Montrose's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,033a month
Least cash to close
Down payment
$13,577
Cash to close
$25,214
Rate
7.18%
Mortgage insurance
FHA MIP · $172
Conventional, 5% down$2,962a month
Down payment
$19,395
Cash to close
$31,032
Rate
7.18%
Mortgage insurance
PMI · $184
Conventional, 20% down, no PMI$2,383a month
Down payment
$77,580
Cash to close
$89,217
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,742a month
Down payment
$58,185
Cash to close
$69,822
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Montrose
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,033
$13,577
$380,874
7.18%
FHA MIP · $172
$25,214
580
Conventional, 5% down
$2,962
$19,395
$368,505
7.18%
PMI · $184
$31,032
620*
Conventional, 20% down, no PMI
$2,383
$77,580
$310,320
7.18%
None
$89,217
620*
ITIN, 15% down (example)
$2,742
$58,185
$329,715
8.18%
None
$69,822
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Montrose is $1,197 a month: about the same as the county. In Montrose, 53% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Montrose County, by unit size. To pay the 2-bedroom one ($1,321 a month) without spending more than 30% of your income, you would need to earn $25.40 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Montrose County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$995
$19.13
$39,800
1 bedroom
$1,054
$20.27
$42,160
2 bedrooms
$1,321
$25.40
$52,840
3 bedrooms
$1,829
$35.17
$73,160
4 bedrooms
$2,208
$42.46
$88,320
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Montrose
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Montrose has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,350 in 81401 to $1,430 in 81403.
2 of the 2 are above the fair market rent for Montrose County ($1,321).
Fair market rent by ZIP code and size in Montrose, fiscal year 2027.
81401
$1,020
$1,080
$1,350
$1,870
$2,260
81403
$1,080
$1,150
$1,430
$1,980
$2,390
ZIP code2 bd3 bd
81401 $1,350$1,870
81403 $1,430$1,980
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Montrose when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Montrose County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Montrose or Montrose County. The ones below are statewide in Colorado: they work in Montrose the same as in the rest of the state.
Colorado state agency help with the down payment or closing costs: a grant of up to 3% of the mortgage or a deferred second mortgage of up to 4%, both capped at $25,000.Offered by Colorado Housing and Finance Authority (CHFA).
$25,000 from the Colorado state agency for the down payment of first-generation buyers (neither you nor your parents have owned a home); repaid when you sell, refinance or pay off the mortgage.Offered by Colorado Housing and Finance Authority (CHFA).
No legal help resource on our list is for Montrose or Montrose County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Montrose and all of Montrose County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Montrose?
The typical home value in Montrose is $387,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Montrose County it is $388,400.
How much does it cost to rent in Montrose?
Typical rent in Montrose is $1,197 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Montrose County is $1,321.
What is the FHA loan limit in Montrose?
Montrose uses the FHA limit for all of Montrose County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Montrose?
The typical homeowner in Montrose pays $1,450 a year, according to the U.S. Census Bureau. That is 0.37% of the home’s value; in Montrose County, the rate is 0.36%.
Where can I find free help to buy or rent in Montrose?
We found no HUD-approved counseling agencies with an office in Montrose County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
