The housing market in Montrose, CO is experiencing a much higher rate of appreciation than the national average. The median value of homes in the area is $421,400, which is significantly higher than the US house median value of $338,100. In fact, over the past year house appreciation has been 20.57% in Montrose compared to 8.27% nationally. This trend indicates that the real estate market in Montrose is booming and could be an attractive prospect for potential buyers looking to invest in property or for residents looking to increase their home equity.
The median home cost in Montrose is $421,400. Home appreciation the last 10 years has been 104.1%. Home Appreciation in Montrose is up 17.7%.
Average Age of Homes
- The median age of Montrose real estate is 25 years old
The Rental Market in Montrose
- Renters make up 35.9% of the Montrose population
- 3.5% of houses and apartments in Montrose, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.