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Sarah Mitchell
Compass Real Estate · ZIP 81401
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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81401 ZIP Code Housing Market
$435,000median sale price
What is the 81401 housing market like right now?
The median home sale price in ZIP code 81401 is $435,000, up 2.5% year-over-year. Homes sell in an average of 37 days with 151 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 81401 ZIP code a buyer's or seller's market?
ZIP code 81401 is currently a balanced market and homes selling in about 37 days. How we determine this →
What are the latest 81401 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $435,000 |
| Median list price | $481,000 |
| Year-over-year price change | +2.5% |
| Average days on market | 37 days |
| Active inventory | 151 listings |
| Sale-to-list price ratio | 98.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 81401 zip code, located in Montrose, CO, is currently classified as a balanced market. The median sale price stands at $435,000, representing a +2.5% change year over year. Homes in this area spend an average of 37 days on the market before going under contract. There are currently 151 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 81401 sits in the Montrose, CO area, roughly 5.9 miles from downtown Montrose. Because home prices are set street by street, this ZIP can move differently from Montrose's citywide averages. The figures below reflect 81401 specifically — drawn from Redfin transactions, U.S. Census data for its 24,228 residents, and Zillow value estimates.
Homes sold
88
Last 12 weeks
Days on market
37
Average pace
Active listings
151
Sale-to-list
98.2%
Below asking
What is driving the 81401 housing market?
The 81401 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 81401 have increased +2.5% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 81401 stands at $430,160, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,974 per month. This gives a price-to-rent ratio of approximately 18.2, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 81401?
Population
24,228
Median income
$71,286/yr
Median age
46.3 years
Owner-occupied
71.5%
College grads
29.5%
Avg commute
18.98 min
What is it like living in 81401?
Zip code 81401 is home to approximately 24,228 residents. The median household income is $71,286 per year, which shapes the types of homes and amenities available in the area. With a median age of 46.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 71.5% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 29.5% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 18.98 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 81401.
Which public schools serve ZIP 81401?
12 schools tracked · 5,017 students
The largest public schools serving ZIP code 81401 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Montrose High School
Grades 9-12 · 1,275 students
Centennial Middle School
Grades 6-8 · 555 students
Johnson Elementary School
Grades PK-5 · 528 students
Columbine Middle School
Grades 6-8 · 508 students
Cottonwood Elementary School
Grades K-5 · 412 students
Oak Grove Elementary School
Grades K-5 · 387 students
Northside Elementary School
Grades K-5 · 338 students
Pomona Elementary School
Grades K-5 · 328 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 81401
What is the median home price in 81401?
The current median sale price in 81401 is $435,000, based on recent Redfin transaction data. Prices have changed +2.5% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 81401 a buyer's or seller's market?
The 81401 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 81401?
Zip code 81401 has a population of approximately 24,228 residents. The median household income is $71,286 per year. About 71.5% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 81401?
Properties Incorporated provides comprehensive data for 81401 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 81401 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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