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Montrose city, CO

ZIP 81403 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 81403

Median Home Value
$481,900
Median Rent
$1,111
Affordability Snapshot
$133,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,096/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

36.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 81403 in Montrose city, CO, a household would need roughly $133,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,096. That is about 81% above the local median household income ($73,636), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
80.8%+24% vs US avg
x
Vacancy Rate
7.8%-24% vs US avg
x
Broadband Access
88.3%+1% vs US avg
x
4+ Bedrooms
6.7%-54% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
28.5%-43% vs US avg
x
Mortgage-Free
49.5%+29% vs US avg
x
$481,900
Home Value
$1,111
Rent
1995
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.1%
  • 1-unit attached0.9%
  • 2-9 units1.8%
  • 10+ units0.0%
  • Mobile home & other24.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$481,900
Median rent$1,111
Owner-occupied80.8%
Vacant7.8%
Price-to-income6.5x
Est. income to buy$133,000