Montrose, CO

Population: 19,015
Average annual home appreciation rate: 1.86%
Total of homes for sale in this market: 357
Median home price: $189,024
Median Rent: $909 per room
Home price range: 41.61% of homes are between $105,001 – $209,000
Median sales price: Still gathering data
Number of homes: 73
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 71.30% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.33%
Number of renters: 36.89%
Number of owner occupied: 63.11%
Number people living below poverty level: 19.17%
Unemployment rate: 5.80%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Montrose area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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