Cost of Living/ Housing Sales Price

The Montrose area enjoys a reasonable cost of living.  The average cost of living is 95.5, compared to the state average, according to the 2005 Colorado School District Cost of Living Results.

Housing costs is one of the larger components of cost of living. The average sale price of a single family home in Montrose was $220,334 in 2007.

 

Montrose Housing Sold Statistics 2006 - 2007
Not including Olathe and West End
Source:  Montrose Association of Realtors

                                               2006                 2007
New Homes
 # of Sales                                137                   103
Average Sale Price                    $238,353           $234,198
Median Sale Price                     $208,000           $221,679

Total Homes
# of Sales                                 797                   678
Average Sale Price                    $218,171           $220,334
Median Sale Price                     $186,000           $192,095

Commercial Property              
# of Sales                                 39                     26
Average Sale Price                    $447,598           $749,180
Median Sale Price                     $337,653           $265,500  

Vacant Land
# of Sales                                 240                   165
Average Sale Price                    $253,417           $183,554
Median Sale Price                     $119,000           $102,000

Farm & Ranch
# of Sales                                 16                     13
Average Sale Price                    $2,127,593        $1,625,992
Median Sale Price                     $861,250           $725,000

  Demographics    Quality of Life    Education    Real Estate