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Featured local agent — Montrose, GA
Sarah Mitchell
Compass Real Estate · Montrose, GA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Montrose, GA Housing Market
The last median sale price Redfin published was $518,150 (through May 2026). On the supply and pace-of-sale data we hold, Montrose is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $518,150 home is about $2,664/mo in principal and interest.
Key numbers for Montrose, GA
Median sale price
$518,150
Last published period
Redfin, through May 2025
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$67,292
Home costs 7.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
102.0%
Selling above asking
Redfin, through May 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Montrose a buyer's or seller's market?
Montrose, GA is a balanced market. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Montrose housing market data show?
Every row below is Redfin's final published month for Montrose, GA. Redfin, through May 2025
| Metric | Value |
|---|---|
| Median sale price | $518,150 |
| Median price per sq ft | $155/sq ft |
| Sale-to-list price ratio | 102.0% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Montrose is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Montrose is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Montrose home prices moved?
Across the 3 months we hold for Montrose, GA, the median sale price rose 100.8%, from $258,000 in October 2021 to $518,150.
Redfin, through May 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Montrose?
Priced off the median sale price of $518,150 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $103,630 | $414,520 | $2,664/mo |
| 5% | $25,908 | $492,243 | $3,163/mo |
Redfin, through May 2025 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,664, that implies roughly $114,164 a year before you add taxes and insurance. The median household in Montrose earns $67,292, about $46,872 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 7.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Montrose in the next 12 months?
Tell us your timeline. We send the Montrose market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Montrose?
Zillow does not publish a rent index (ZORI) for Montrose, GA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Montrose?
We hold fewer than two months of inventory readings for Montrose, GA, so there is no trend to report yet.
How does Montrose compare to Georgia and the U.S.?
Montrose homes sell for $518,150 — 33% above the Georgia median of $389,000. Against the national median of $410,700, Montrose runs 26% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Montrose, GA | $518,150 | not published | not published |
| Georgia statewide | $389,000 | +1.6% | 49 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Montrose
What buyers should watch
- The gap between 5% and 20% down here is $499 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $518,150 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- Homes here close at 102.0% of asking. Price at the number you want and let competition do the rest.
- Comparable ZIP-level pricing inside Montrose varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Montrose
Explore homes currently listed for sale in Montrose, Georgia across major real estate platforms.
How much do homes cost in Montrose by property type?
How the Montrose, GA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $518,150 | $155/sq ft | 1 | not published |
Who lives in Montrose?
American Community Survey estimates for Montrose. U.S. Census ACS, 2023
Population
291
Households
94
Median income
$67,292/yr
Median age
44.8 years
Owner-occupied
88.3%
Mean commute
38.5 min
88.3% of occupied homes in Montrose are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Montrose, GA?
Ordered by distance from Montrose, not by size. Compare Montrose side by side with any of them.
Montrose housing market FAQ
Is Montrose a buyer's or seller's market?
Montrose, GA is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Montrose?
The median sale price in the last month Redfin published was $518,150, about $155 per square foot.
Is Montrose cheaper than the rest of Georgia?
Montrose's median sale price of $518,150 is 33% higher than the Georgia statewide median of $389,000, and 26% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Montrose?
We do not hold a days-on-market figure for Montrose, GA. Redfin stopped publishing its public market tracker in June 2026, so this metric is frozen wherever it exists and missing where it never landed.
What income do you need to buy a home in Montrose?
At the current 30-year fixed rate of 6.66%, 20% down on a $518,150 home is about $2,664 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $114,164 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $67,292.
Are home prices rising in Montrose?
We do not hold a complete 12-month value series for Montrose, GA yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Montrose?
Montrose ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Montrose?
That depends on your timeline, not on a headline. What the data says today: Montrose, GA is a balanced market, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $518,150, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.