Montrose County, Colorado: commercial real estate data.
Montrose County, Colorado had an estimated 44,806 residents on July 1, 2024, up 5.0 percent since the 2020 census base of 42,678, across 2,241 square miles. County output reached $2.41 bn in 2024, 1,501 establishments operate here, and the SBA record carries 64 7(a) approvals worth $43.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Montrose County
How many people live in Montrose County
- Population, American Community Survey 2020-202443,807
- Households18,069
- Average household size2.42
- Median household income$72,120
- Median age46.1
- Median gross rent$1,188 per month
- Median owner-occupied home value$388,400
- Home value to household income5.4 times
- Annual rent as a share of median income19.8 percent
- Adults 25 and over with a bachelor degree or higher28.7 percent
- Adults 25 and over with a graduate degree11.0 percent
- Adults 25 and over31,946
- Population under 188,775
- Share under 1820.0 percent
- Population 65 and over11,400
- Share 65 and over26.0 percent
- Working age population, 18 to 6423,632
- Civilian labor force20,641
- Unemployment rate4.4 percent
- Labor force participation, adults 18 and over58.9 percent
- Rank by population among Colorado counties17th of 64
- Rank by population among US county-equivalents, Puerto Rico included1121st of 3,222
Montrose County is the 17th largest of 64 Colorado counties by population. A median home costs 5.4 times median household income, which is severely unaffordable by national standards. Residents 65 and over outnumber those under 18, at 26.0 percent against 20.0 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Montrose County
Is Montrose County's population growing?
- Population, July 1, 202444,806
- Census 2020 base population42,678
- Population change since the 2020 census base4.99 percent
- Population change, 2023 to 2024487
- Births, 2024411
- Deaths, 2024512
- Natural change, 2024-101
- Net domestic migration, 2024415
- Net international migration, 2024174
- Total net migration, 2024589
- Cumulative net domestic migration, 2021 to 20242,067
- Rank by growth among US county-equivalents532nd of 3,144
The county has grown 4.99 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Montrose County
Where are people moving to Montrose County from?
- Tax returns filed by households arriving1,525
- People arriving, from those returns2,648
- Tax returns filed by households leaving1,199
- Net household movement326
- Adjusted gross income arriving$113.4 m
- Net adjusted gross income movement$41.0 m
- Average income of an arriving household$74,346
- Average income of a leaving household$60,403
- Largest single originDelta County (151 households)
- Largest single destinationDelta County (167 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Delta County | 151 | 308 | $7.4 m |
| Mesa County | 129 | 216 | $7.6 m |
| Jefferson County | 64 | 104 | $5.4 m |
| Ouray County | 54 | 101 | $4.0 m |
| Maricopa County | 40 | 56 | $2.4 m |
| San Miguel County | 40 | 65 | $2.0 m |
| El Paso County | 38 | 63 | $2.3 m |
| Adams County | 36 | 62 | $2.3 m |
Households arriving report $13,943 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Delta County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Montrose County
What is the Montrose County economy?
- County GDP, 2024$2.41 bn
- County GDP, 2023$2.24 bn
- GDP change, 2023 to 20247.5 percent
- GDP change over five years42.4 percent
- Rank by GDP among the Colorado areas BEA publishes19th of 64
- Rank by GDP among the US county areas BEA publishes1124th of 3,127
- GDP per resident$54,970
Output grew 7.5 percent in the latest year and 42.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Montrose County
Employment by industry in Montrose County
- Covered employment, annual average17,014
- Establishments reporting1,725
- Average annual pay$52,650
- Average weekly wage$1,013
- Retail trade, employment2,341
- Retail trade, average annual pay$40,751
- Health care and social assistance, employment2,230
- Health care and social assistance, average annual pay$49,503
- Construction, employment2,065
- Construction, average annual pay$60,663
- Accommodation and food services, employment1,740
- Accommodation and food services, average annual pay$26,233
- Manufacturing, employment1,106
- Transportation and warehousing, employment662
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 2,341 | 164 | $40,751 |
| Health care and social assistance | 2,230 | 212 | $49,503 |
| Construction | 2,065 | 288 | $60,663 |
| Accommodation and food services | 1,740 | 114 | $26,233 |
| Manufacturing | 1,106 | 82 | $51,709 |
| Transportation and warehousing | 662 | 51 | $47,534 |
| Professional, scientific and technical services | 586 | 176 | $64,376 |
| Administrative and support and waste management services | 479 | 91 | $47,254 |
Retail trade is the largest private sector at 2,341 jobs, 13.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Montrose County
How many businesses are in Montrose County?
- Establishments, all industries1,501
- Employment at those establishments14,612
- Annual payroll$718.7 m
- Establishments per 1,000 residents34.3
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Montrose County
Building permits in Montrose County
- Housing units authorized by permit, 2024270
- Declared construction value permitted$48.1 m
- Single family units authorized240
- Multifamily units authorized30
- Multifamily share of units11.1 percent
- Average declared value per unit$178,028
- Units authorized per 1,000 households14.9
Single-family homes are 88.9 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Montrose County
SBA loans in Montrose County (7(a) and 504)
- 7(a) approvals recorded64
- 7(a) gross approval dollars$43.6 m
- Average 7(a) approval$681,059
- Median 7(a) approval$237,400
- 10th percentile approval$26,500
- 90th percentile approval$1,740,150
- Largest single approval$4,900,000
- Jobs reported supported, 7(a)949
- Jobs per approval14.8
- Distinct 7(a) lenders active23
- Distinct industries receiving approvals35
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer26.6 percent
- Loans on real estate terms17
- Loans on working capital terms, 120 months or shorter46
- Franchise loans8
- Franchise share of approvals12.5 percent
- Most active lenderTimberline Bank (14)
- 504 approvals recorded23
- 504 gross approval dollars$10.1 m
- Average 504 approval$440,391
- Median 504 approval$291,000
- Distinct CDCs active5
- 504 jobs per approval8.5
- 504 jobs per million dollars approved19.4
- Most active CDCB:Side Capital (13)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$53.7 m
The average approval of $681,059 sits well above the median of $237,400, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 26.6 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Montrose County
SBA loan default and charge-off rates in Montrose County
Do SBA loans in Montrose County get paid back?
- Loans with a final outcome recorded11
- Paid in full11
- Charged off0
- Status: Cancelled7
- Status: Paid in full11
- Status: Exempt from disclosure43
- Status: Committed, not yet disbursed3
Only 11 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Montrose County
SBA lending by place in Montrose County
- Borrower cities with recorded lending4
- Montrose, approvals58
- Olathe, approvals4
- Delta, approvals1
- Redvale, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Montrose | 58 | $42,486,200 |
| Olathe | 4 | $1,001,600 |
| Delta | 1 | $50,000 |
| Redvale | 1 | $50,000 |
Montrose accounts for 58 approvals against 4 in Olathe. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Montrose County
How large is Montrose County?
- Land area2,241 sq mi
- Rank by land area among Colorado counties16th of 64
- Width, east to west84.6 mi
- Height, north to south35.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land20
- Establishments per square mile0.67
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Montrose County
Flood risk in Montrose County
- Participation of the county's own NFIP community Montrose County, unincorporated areasParticipating, community 080124
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP4
- NFIP participation rate80.0 percent
- Communities carrying a CRS class0
- Radon levels in Montrose County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Montrose County (community 080124), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Montrose County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 80.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Montrose County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Montrose County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202443,807
- Households18,069
- Average household size2.42
- Median household income$72,120
- Median age46.1
Common questions
Montrose County questions, answered from the record.
How many people live in Montrose County, Colorado?
The Census Bureau estimates 44,806 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 43,807, in 18,069 households, ranking 17th of 64 Colorado counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Montrose County's population growing?
The population has grown 4.99 percent since the 2020 census base of 42,678, to 44,806 on July 1, 2024. In 2024 there were 411 births against 512 deaths, with net migration of 589. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Montrose County?
$72,120. The median owner-occupied home is valued at $388,400, which is 5.4 times income, and median gross rent is $1,188 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Montrose County?
1,501 establishments, employing 14,612 people with an annual payroll of $718.7 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Montrose County?
Retail trade is the largest private sector at 2,341 jobs, 13.8 percent of covered employment. Covered employment averages 17,014 jobs at an average annual pay of $52,650, or $1,013 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Montrose County?
64 7(a) approvals totaling $43.6 m since FY2020, across 23 lenders, with a median approval of $237,400, plus 23 504 approvals worth $10.1 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Montrose County?
270 housing units were authorized by permit in 2024, with a declared construction value of $48.1 m. Multifamily was 11.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Montrose County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Montrose County come from?
The largest single origin is Delta County, with 151 households. Arriving households report an average income of $74,346 against $60,403 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Montrose County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Montrose County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Montrose County
Cities and places in Montrose.
5 Census places lie wholly or partly in Montrose County. All 5 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Montrose | city | 21,044 | 58 | Wholly in this county |
| Olathe | town | 1,793 | 4 | Wholly in this county |
| Nucla | town | 598 | None recorded | Wholly in this county |
| Naturita | town | 589 | None recorded | Wholly in this county |
| Redvale | CDP | 389 | 1 | Wholly in this county |
A further 1 of the county's 64 SBA 7(a) approvals are to borrowers in cities that match no Census place in Montrose County, the largest being Delta (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby