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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Montrose, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Montrose, NY Housing Market Trends

With a population of 2,862, 1,219 total housing units (homes and apartments), and a median house value of $486,822, Montrose real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Montrose, accounting for 64.83% of the town's housing units. Other types of housing that are prevalent in Montrose include large apartment complexes or high rise apartments ( 12.68%), row houses and other attached homes ( 12.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montrose. Owner-occupied housing accounts for 82.44% of Montrose's homes, and 68.75% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Montrose's housing was primarily built during this period, from the '40s through the '60s. A full 55.85% of the town's housing hails from this era. Other housing ages represented in Montrose include homes built before 1939 ( 19.92%) and housing constructed between 1970-1999 ( 18.19%). There's also some housing in Montrose built between 2000 and later ( 6.04%).

Montrose Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Montrose, where house values have increased just 47.56%, which is annualized rate of 3.97%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Montrose's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Montrose's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New York, our data show that Montrose's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

Median Home Value

$486,822

Montrose, NY Home Prices
> $1,211,000
$908,001 - $1,211,000
$606,001 - $908,000
$484,001 - $606,000
$363,001 - $484,000
$242,001 - $363,000
$121,001 - $242,000
$60,001 - $121,000
$0 - $60,000
0.0%
0.0%
0.1%
0.1%
18.4%
18.4%
34.2%
34.2%
16.7%
16.7%
20.4%
20.4%
5.2%
5.2%
0.0%
0.0%
5.0%
5.0%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

1,219

Montrose Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,803 / per month

Homeownership Rate

Owners
Renters
82.4%
82.4%
17.6%
17.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.0%
8.0%
92.0%
92.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.0%
6.0%
18.2%
18.2%
55.8%
55.8%
19.9%
19.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.8%
64.8%
12.4%
12.4%
6.1%
6.1%
12.7%
12.7%
4.0%
4.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
14.3%
14.3%
13.0%
13.0%
50.0%
50.0%
18.7%
18.7%
1.4%
1.4%
0% 100.0%
% of Homes