Market Overview
Home Prices in Montrose, WV
The median home value in Montrose, WV is $149,029 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montrose are priced64% below average. Montrose is part of the Elkins, WV metro area.
Over the past five years, Montrose home values have risen by approximately11.2%, reflecting steady appreciation in this market.
Price History
Montrose Home Price Trend
City Comparison
Montrose vs. National Median
At $149,029, homes in Montrose cost 64% 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
$29,806
on $149,029
Monthly P&I
$777/mo
30-yr @ 6.8%
Total Monthly Est.
~$987/mo
incl. taxes & insurance
Income Needed
$39,480
gross annual (30% rule)
10% Down Option
$14,903
+ PMI applies
Loan Amount (20% dn)
$119,223
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, WV?
The median home value in Montrose is $149,029 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1% year-over-year.
How much have home prices changed in Montrose?
Over the past year, home values in Montrose have decreased by 1%. Over five years, prices have risen approximately 11.2%.
How much do I need to earn to buy a home in Montrose?
To comfortably afford the median home price of $149,029 with a 20% down payment ($29,806) at today's rates (6.8%), you'd need a gross annual income of approximately $39,480. 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 $149,029, homes in Montrose are 64% below the national average.
What metro area is Montrose part of?
Montrose is part of the Elkins, WV metropolitan area. Home prices and market conditions can vary across the broader metro region.