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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, PA 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 Q2 2024. 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, PA Housing Market Trends

With a population of 1,276, 616 total housing units (homes and apartments), and a median house value of $301,925, Montrose real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Montrose, accounting for 62.67% of the borough's housing units. Other types of housing that are prevalent in Montrose include duplexes, homes converted to apartments or other small apartment buildings ( 18.67%), large apartment complexes or high rise apartments ( 15.60%), and a few mobile homes or trailers ( 1.73%).

People in Montrose primarily live in small (one, two or no bedroom) single-family detached homes. Montrose has a mixture of owner-occupied and renter-occupied housing.

The housing in Montrose was primarily built before 1939 ( 55.07%), making the housing stock in Montrose some of the oldest overall in America, although there is a range of ages of homes in Montrose. The next most important housing age is between 1970-1999 ( 23.20%), followed by between 1940-1969 ( 21.20%).

Vacant housing appears to be an issue in Montrose. Fully 17.87% of the housing stock is classified as vacant. Left unchecked, vacant Montrose homes and apartments can be a drag on the real estate market, holding Montrose real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Montrose Home Appreciation Rates

Real estate appreciation rates in Montrose's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.87% during the period.

NeighborhoodScout's data show that during the latest twelve months, Montrose's appreciation rate, at 7.27%, has been at or slightly above the national average. In the latest quarter, Montrose's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.

Relative to Pennsylvania, our data show that Montrose's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$301,925

Montrose, PA Home Prices
> $1,380,000
$1,035,001 - $1,380,000
$690,001 - $1,035,000
$552,001 - $690,000
$414,001 - $552,000
$276,001 - $414,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
1.1%
1.1%
0.6%
0.6%
6.8%
6.8%
8.4%
8.4%
9.9%
9.9%
29.0%
29.0%
23.2%
23.2%
14.7%
14.7%
6.5%
6.5%
0% 100.0%
% of Homes
High

for Pennsylvania

Average

for nation

Number of Homes And Apartments:

616

Montrose Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,234 / per month

Homeownership Rate

Owners
Renters
51.3%
51.3%
48.7%
48.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.9%
17.9%
82.1%
82.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.5%
0.5%
23.2%
23.2%
21.2%
21.2%
55.1%
55.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.7%
62.7%
0.9%
0.9%
18.7%
18.7%
15.6%
15.6%
1.7%
1.7%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
22.8%
22.8%
23.3%
23.3%
28.4%
28.4%
17.6%
17.6%
7.1%
7.1%
0% 100.0%
% of Homes