The housing market in Montrose, ND is quite affordable compared to the US median value. The median value of a house in Montrose is $146,000 versus the US median value of $338,100. However, although it is more affordable in Montrose, the 1-year house appreciation rate for both locations is similar with the US rate at 8.27%, and Montrose’s rate at 7.60%. This demonstrates that while housing costs remain lower in Montrose than other areas, housing values are still increasing year over year regardless of where you live.
The median home cost in Montrose is $146,000. Home appreciation the last 10 years has been 61.5%. Home Appreciation in Montrose is up 9.6%.
Average Age of Homes
- The median age of Montrose real estate is 35 years old
The Rental Market in Montrose
- Renters make up 0.0% of the Montrose population
- 0.0% 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.