The housing market in Montrose, MI is currently valued at $175,400, which is significantly lower than the national median of $338,100. Despite being lower than the national median, the housing market in Montrose has still experienced an appreciation rate of 6.41%, over the last year, which is slightly lower than the national appreciation rate of 8.27%. This shows that Montrose is still a viable option for potential home buyers who are looking for good value and steady appreciation rates.
The median home cost in Montrose is $175,400. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Montrose is up 12.8%.
Average Age of Homes
- The median age of Montrose real estate is 57 years old
The Rental Market in Montrose
- Renters make up 35.0% of the Montrose population
- 0.7% of houses and apartments in Montrose, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.