The housing market in Montrose, SD is thriving compared to the national average. The median value of a house in Montrose is $311,500, while the US median house value is $338,100. In addition, the US house appreciation rate over the past year was 8.27%, while in Montrose it was 12.74%. This indicates that housing prices in Montrose are increasing at a faster rate than in other parts of the country, making it a great investment opportunity for those looking to buy a home or invest in real estate.
The median home cost in Montrose is $311,500. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Montrose is up 18.1%.
Average Age of Homes
- The median age of Montrose real estate is 68 years old
The Rental Market in Montrose
- Renters make up 29.1% of the Montrose population
- 2.3% 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.