Home Values

Montrose Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$200,200

  • 7.1% 1-year change
  • None 1-year forecast

The median home value in Montrose is $200,200. Montrose home values have gone up 7.1% over the past year. The median list price per square foot in Montrose is None.

Foreclosures will be a factor impacting home values in the next several years. In Montrose 0.5 homes are foreclosed (per 10,000). This is lower than the national value of 3.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Montrose is 2.4%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Montrose homeowners underwater on their mortgage is 18.0%.

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Relative ZHVI
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Montrose Market Overview

Data through Mar 31, 2015
  • $200,200 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $177,475 Median sale price (Feb 28, 2015)
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Montrose Market Health

Data through Mar 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 18.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Olathe $182,600
Crawford $177,000
Cedaredge $165,000
Name Median ZHVI
Hotchkiss $161,700
Orchard City $159,600
Paonia $156,000
Name Median ZHVI
Delta $142,000
 
 

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $109 Median sale price / sq ft
  • No data Listings with price cut
38.4%
Sold below listing
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Montrose Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,195 Montrose
    $1,186 Montrose Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.74 Rent list price / sq ft
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