Montrose, VA
Population 8,624 · Virginia
About Montrose, VA
Montrose is a small town located in Virginia with a population of 8,624 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,063 per year, which is 40% below the national median of $75,149. The median age of 39.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Montrose features a median home value of $170,000, which is 31% below the national median of $244,900. This positions Montrose in a moderately priced market relative to the rest of the country. Median monthly rent is $1,260, 8% above the national average of $1,163/month. Of the 3,892 total housing units, 39% are owner-occupied (1,435 units) and 61% are renter-occupied (2,265 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Montrose shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 25.5%, above the national average of 12.4%. Workers in Montrose have an average one-way commute time of 19.2 minutes, one of the shorter commutes in the region.
Education & Demographics
18.6% of Montrose residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.8% White, 0.2% Hispanic or Latino, 0.7% Black or African American, and 0.8% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Montrose, VA
Compared to national averages, Montrose has a median household income of $45,063 (40% below the national median of $75,149). Home values average $170,000, which is 31% below the national median. Monthly rent at $1,260 is 8% above the US average of $1,163. Within Virginia, Montrose's income is 49% below the state average of $87,957, and home values are 48% below the state median of $327,514.
Why Live in Montrose, VA?
Montrose offers affordable housing with a median home value of $170,000, below the US average of $244,900, and short commute times averaging just 19.2 minutes.
Potential considerations include median household income ($45,063) that falls below the national average. However, Montrose’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montrose has a population of 8,624 with a median age of 39.5 years. Compare Montrose with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Montrose
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fair Lakes | 8,617 | $130,789 | $575,500 | Compare |
| Hollymead | 8,566 | $121,795 | $413,700 | Compare |
| Innsbrook | 8,559 | $130,534 | $445,600 | Compare |
| Smithfield | 8,729 | $110,182 | $358,100 | Compare |
| Bellwood | 8,489 | $50,172 | $192,600 | Compare |
| Dunn Loring | 8,782 | $236,563 | $935,000 | Compare |
| Rockwood | 8,834 | $90,804 | $312,500 | Compare |
| Dumbarton | 8,407 | $59,085 | $274,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Montrose With Other Cities
Frequently Asked Questions about Montrose
What is the population of Montrose, VA?
The population of Montrose, VA is 8,624 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Montrose?
The median household income in Montrose, VA is $45,063 per year, which is 40% below the national median of $75,149.
What is the median home value in Montrose?
The median home value in Montrose, VA is $170,000, which is 31% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Montrose?
The median monthly rent in Montrose, VA is $1,260, which is 8% above the national average of $1,163/month.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose, VA is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Montrose, VA a good place to live?
Montrose offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 8,624 and a median age of 39.5, the city appeals to a broad range of residents.
How educated is Montrose, VA?
18.6% of residents in Montrose aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Montrose?
Key cost-of-living indicators for Montrose, VA: median home value is $170,000 (31% below national), median rent is $1,260/month, and median household income is $45,063. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Montrose?
The poverty rate in Montrose, VA is 25.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Montrose, VA?
Montrose's population is 1.8% White, 0.2% Hispanic or Latino, 0.7% Black or African American, 0.8% Asian, and 69.7% two or more races. 5.2% of residents are foreign-born.