Montrose, CO home prices
Typical home $492,731 · +2.3% in a year · income needed $130,500
The Montrose, CO metro area ranks 77 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.3% in a year and +24.1% over five years. With 20% down at 7.11%, the typical home costs about $3,044 a month including 0.36% property tax (Montrose County rate).
Mortgage on the typical Montrose home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $98,546 | $394,185 | $2,652 | $0 | $393 | $3,044 | $130,500 |
| 10% down | $49,273 | $443,458 | $2,983 | $185 | $393 | $3,561 | $152,600 |
| 5% down | $24,637 | $468,094 | $3,149 | $195 | $393 | $3,737 | $160,100 |
| 3.5% down (FHA) | $17,246 | $483,806 | $3,255 | $218 | $393 | $3,865 | $165,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.36% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Montrose area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Montrose County, CO | $455,743 | +2.2% | 0.36% |
| Ouray County, CO | $791,603 | +4.4% | 0.28% |
What can you afford in Colorado on your salary? · Colorado home prices · Salaries in Colorado
Frequently asked questions
How much is a house in Montrose?
The typical home in the Montrose, CO metro area is worth $492,731 (Zillow, September 2026).
What salary do you need to buy a house in Montrose?
About $130,500 a year for the typical home with 20% down at 7.11%.