Market Overview
Home Prices in Montrose, MO
The median home value in Montrose, MO is $312,358 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.3% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montrose are priced24% below average. Montrose is part of the Kansas City, MO-KS metro area.
Over the past five years, Montrose home values have risen by approximately36.8%, reflecting strong long-term appreciation in this market.
Price History
Montrose Home Price Trend
City Comparison
Montrose vs. National Median
At $312,358, homes in Montrose cost 24% 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
$62,472
on $312,358
Monthly P&I
$1,629/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,069/mo
incl. taxes & insurance
Income Needed
$82,760
gross annual (30% rule)
10% Down Option
$31,236
+ PMI applies
Loan Amount (20% dn)
$249,886
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, MO?
The median home value in Montrose is $312,358 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.3% year-over-year.
How much have home prices changed in Montrose?
Over the past year, home values in Montrose have increased by 7.3%. Over five years, prices have risen approximately 36.8%.
How much do I need to earn to buy a home in Montrose?
To comfortably afford the median home price of $312,358 with a 20% down payment ($62,472) at today's rates (6.8%), you'd need a gross annual income of approximately $82,760. 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 $312,358, homes in Montrose are 24% below the national average.
What metro area is Montrose part of?
Montrose is part of the Kansas City, MO-KS metropolitan area. Home prices and market conditions can vary across the broader metro region.