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

$194,300

  • 3.8% 1-year change
  • None 1-year forecast

The median home value in Montrose is $194,300. Montrose home values have gone up 3.8% over the past year. The median list price per square foot in Montrose is $135, which is higher than the Montrose Metro average of $131. The median price of homes currently listed in Montrose is $274,950 while the median price of homes that sold is $201,050. The median rent price in Montrose is $800, which is the same as the Montrose Metro median of $800.

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 4.2

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 3.5%, which is lower than the national value of 6.4%. 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 20.3%.

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Relative ZHVI
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Montrose Market Overview

Data through Nov 30, 2014
  • $194,300 ZHVI
  • No data 1-yr forecast
  • $274,950 Median listing price
  • $201,050 Median sale price
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Montrose Market Health

Data through Nov 30, 2014
  • 5.0/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 20.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Crawford $203,900
Olathe $196,100
Cedaredge $190,300
Name Median ZHVI
Hotchkiss $174,300
Paonia $169,100
Orchard City $164,900
Name Median ZHVI
Delta $148,400
 
 

Listings & Sales

Data through Nov 30, 2014
  • $135 Median list price / sq ft
  • $123 Median sale price / sq ft
  • No data Listings with price cut
28.3%
Sold below listing
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Montrose Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,140 Montrose
    $1,119 Montrose Metro
    $1,342 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)
  • $800 Rent list price
  • $0.72 Rent list price / sq ft
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