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Real Estate Prices & Overview

Montrose Southwest median real estate price is $364,309, which is less expensive than 74.5% of Colorado neighborhoods and 56.9% of all U.S. neighborhoods.

The average rental price in Montrose Southwest is currently $1,987, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.9% of Colorado neighborhoods.

Montrose Southwest is a rural neighborhood (based on population density) located in Montrose, Colorado.

Montrose Southwest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Montrose Southwest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Montrose Southwest are 3.3%, which is lower than one will find in 78.3% of American neighborhoods. Demand for real estate in Montrose Southwest is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Montrose, the Montrose Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 98.9% of all neighborhoods in America, with 48.1% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

Diversity

Did you know that the Montrose Southwest neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.7% of this neighborhood's residents have Native American ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Montrose Southwest neighborhood in Montrose are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 66.7% of U.S. neighborhoods. With 19.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.8% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Montrose Southwest neighborhood, 34.5% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 34.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.5%), and 8.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Montrose Southwest neighborhood is English, spoken by 65.8% of households. Some people also speak Spanish (32.0%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Montrose Southwest neighborhood in Montrose, CO, residents most commonly identify their ethnicity or ancestry as Mexican (29.5%). There are also a number of people of Irish ancestry (9.8%), and residents who report English roots (9.7%), and some of the residents are also of German ancestry (9.1%), along with some Native American ancestry residents (3.7%), among others. In addition, 16.6% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Montrose Southwest neighborhood spend under 15 minutes commuting one-way to work (46.8% of working residents), one of the shortest commutes across America.

Here most residents (81.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.0%) and 5.8% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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