Olathe, Colorado.
Typical home $457,567 (+3.9% in a year). Montrose, CO metro.
to buy the typical home at today's mortgage rate — +$1,405 (+141%) since Jan 2020.
- 1 year
- Up $17,011 +4%
- $440,556$457,567 since Sep 2025
- 5 years
- Up $106,630 +30%
- $350,937$457,567 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Olathe$2,402
- Colorado$2,777
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Olathe, CO rose 3.9% over the past year — faster than the nation's +1.2%.
Living in Olathe, Montrose County, Colorado
Olathe is a town of 2,019 people in Montrose County. Unemployment in Montrose County was 4.8% in August 2026, and the county had 2.8% more jobs in 2025 than the year before. The most people in Montrose County work in schools and health care, then construction.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Olathe is a small town in Montrose County, Colorado, with a population that is younger than many small towns. Few adults here hold a four-year degree compared with most places, and homes cost a good deal more than the county's incomes might suggest. Winters are cold, with January the coldest month, and summers are hot, with July the warmest; precipitation is light, mostly a mix of rain and melted snow.
Work. Residents work mainly in schools, hospitals and social care, the building trades, shops, and professional and business services. Across Montrose County, the largest workplaces include the school district, Montrose Memorial Hospital and Walmart. The typical commute is short, and job numbers across the county grew over the past year, though unemployment there has risen somewhat from a year earlier.
Things to do. Sweitzer Lake State Park and Gunnison Gorge National Conservation Area are both a short drive away, one a state park and the other a protected area. For a longer drive, Black Canyon of the Gunnison National Park is the best known of the nearby places, and the Montrose Botanic Gardens offer a quieter outing.
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- 507households
- 8%of adults have a degree
- 19 mintypical commute
What people in Montrose County work in
Employed residents by industry, from the Census survey. Montrose County had 17,492 jobs in 2025, 2.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 16°; warmest in July, with highs near 90° and lows near 58°. About 8 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Montrose Regional Airport weather station, 8 miles away (NOAA).
Largest workplaces in Montrose County
- Montrose County School District Re-1JSchool district746FTE
- Montrose Memorial HospitalGeneral hospital607FTE
- WalmartWarehouse clubs and supercenters300
- Summit SealantsWaterproofing contractors228
- King SoopersSupermarkets and other grocery except convenience stores149
- Montrose PrimaryDistribution of electric power130
- TargetDiscount department stores109
- Colorow Health CareHomes for the elderly with nursing care106
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 43 workplaces with 20 or more staff, 2,808 people in all across the county; Olathe has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningVery high
- Inland floodingRelatively high
- DroughtRelatively moderate
- WildfireRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Olathe’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Montrose County and the Montrose, CO metro.
Olathe home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Olathe$457,567
- Colorado$529,013
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Olathe listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Olathe31.29%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Olathe22
New listings per month
Sellers arriving at the market.
- Olathe5
Zip codes with a Olathe address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Olathe — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.