Market Overview
Home Prices in Montrose, IA
The median home value in Montrose, IA is $195,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.7% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montrose are priced52% below average. Montrose is part of the Fort Madison-Keokuk, IA-IL-MO metro area.
Price History
Montrose Home Price Trend
2022
$164,576
$165K
—
2023
$167,728
$168K
+1.9%
2024
$169,247
$169K
+0.9%
2025
$175,446
$175K
+3.7%
2026
$195,894
$196K
+11.7%
City Comparison
Montrose vs. National Median
🏠 Montrose
$195,894
National Median
$410,000
At $195,894, homes in Montrose cost 52% below the national median of $410,000. This makes Montrose a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Montrose?
20% Down Payment
$39,179
on $195,894
Monthly P&I
$1,022/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,298/mo
incl. taxes & insurance
Income Needed
$51,920
gross annual (30% rule)
10% Down Option
$19,589
+ PMI applies
Loan Amount (20% dn)
$156,715
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Montrose, IA?
The median home value in Montrose is $195,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.7% year-over-year.
How much have home prices changed in Montrose?
Over the past year, home values in Montrose have increased by 11.7%.
How much do I need to earn to buy a home in Montrose?
To comfortably afford the median home price of $195,894 with a 20% down payment ($39,179) at today's rates (6.8%), you'd need a gross annual income of approximately $51,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Montrose compare to the national average home price?
The national median home value is approximately $410,000. At $195,894, homes in Montrose are 52% below the national average.
What metro area is Montrose part of?
Montrose is part of the Fort Madison-Keokuk, IA-IL-MO metropolitan area. Home prices and market conditions can vary across the broader metro region.