Montrose, MN is a great place to live in terms of housing. The median value for homes in Montrose is $293,900 which is lower than the median value of houses across the US at $338,100. Montrose has seen an appreciation rate of 6.82% for houses over the past year, while the national rate was 8.27%. This makes Montrose a more affordable option when compared to other areas of the US and provides a great opportunity for those looking to buy or invest in property.
The median home cost in Montrose is $293,900. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Montrose is up 11.0%.
Average Age of Homes
- The median age of Montrose real estate is 14 years old
The Rental Market in Montrose
- Renters make up 17.6% of the Montrose population
- 3.5% 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.