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Montrose

Learn about the people, housing, costs and businesses in Montrose, Arkansas

Median Home$73,800
Median Rent$633/month
Population199
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade18% construction
Home Value Growth+3.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners85% of occupied units
NotableAffordable Market$74k median home · lower cost than 98% of the country
Montrose
AR

Frequently Asked Questions

What are today's mortgage rates in Montrose?

As of today, the 30-year fixed mortgage rate for Montrose is approximately 6.992% (7.035% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Montrose?

The median home value in Montrose is $74k. The median monthly rent is $633. Annual property taxes average $425. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montrose?

Home values in Montrose have increased 3.0% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Montrose?

Based on a typical all-in ownership cost of $441/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $19k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montrose is $59k/year.

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What industries drive the economy in Montrose?

The largest employment sectors in Montrose are agriculture and mining (18%) and construction (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.