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Montrose, Virginia

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
8,285
Population
$49,550
Median Income
$194,100
Home Value
39.9
Median Age

Demographics

Montrose has a population of 8,285 with a median age of 39.9. Here is the racial and ethnic breakdown of the population:

Black
72.2%
White
17.4%
Other
6.1%
Hispanic
2.5%
Asian
1.8%
Demographic Value
Total Population8,285
Median Age39.9
White17.4%
Black or African American72.2%
Asian1.8%
Hispanic or Latino2.5%
Other / Two or More Races6.1%
Montrose, Virginia — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.Black: 72.2%White: 17.4%Other: 6.1%Hispanic/Latino: 2.5%Other: 1.8%8,285PopulationBlackBlack72.2%WhiteWhite17.4%OtherOther6.1%Hispanic/LatinoHispanic/Latino2.5%OtherOther1.8%

Income & Economy

The median household income in Montrose is $49,550, which is 38.5% below the national median of $80,610. The per capita income is $30,669. The poverty rate is 19.9%.

$49,550
Median Household Income
$30,669
Per Capita Income
19.9%
Poverty Rate

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Education

In Montrose, 85.2% of residents age 25+ have a high school diploma or higher, and 20.7% hold a bachelor's degree or higher (2.4% with a graduate or professional degree).

HS Diploma+
85.2%
Bachelor's+
20.7%
Graduate+
2.4%
Education Level % of Adults (25+)
High School Diploma or Higher85.2%
Bachelor's Degree or Higher20.7%
Graduate or Professional Degree2.4%

Housing

The median home value in Montrose is $194,100, below the national median of $303,400. The median monthly rent is $1,297. The homeownership rate is 37.7%.

$194,100
Median Home Value
$1,297/mo
Median Rent
37.7%
Homeownership Rate
Housing Metric Value
Median Home Value$194,100
Median Monthly Rent$1,297
Homeownership Rate37.7%
Vacancy Rate5.2%

Salaries in Virginia

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Frequently Asked Questions

What is the population of Montrose, Virginia?
The population of Montrose, Virginia is 8,285 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Montrose, Virginia?
The median household income in Montrose, Virginia is $49,550. This is 38.5% below the national median of $80,610.
What is the median home value in Montrose, Virginia?
The median home value in Montrose, Virginia is $194,100. The median monthly rent is $1,297.
What percentage of people in Montrose have a college degree?
In Montrose, Virginia, 20.7% of adults age 25 and older hold a bachelor's degree or higher, and 85.2% have a high school diploma or higher.
Is Montrose, Virginia an affordable place to live?
The home price-to-income ratio in Montrose, Virginia is 3.9x (median home value $194,100 vs. median income $49,550), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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