Zip 55363 (Montrose, MN) Housing

The housing market in 55363 Montrose, MN is currently valued at $278,700. This is significantly lower than the US median house value of $338,100. The US housing market has seen an appreciation of 8.27% over the past year, while the appreciation rate for housing in Montrose is 6.82%. This suggests that Montrose's housing market is slightly cooler than the national average, but local property owners can still benefit from a healthy amount of appreciation.

The median home cost in Montrose (zip 55363) is $278,700. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Montrose (zip 55363) is up 11.0%.

Average Age of Homes

- The median age of Montrose (zip 55363) real estate is 16 years old

The Rental Market in Montrose (zip 55363)

- Renters make up 13.6% of the Montrose (zip 55363) population
- 2.5% of houses and apartments in Montrose (zip 55363), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Montrose, Minnesota	United States
	2,012.0	139,647,020.0
	22	42
	$278,700	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$11.01	$10.98
	$2,465	$2,690
	76.1%	57.4%
	6.8%	11.2%
	17.1%	31.4%
Vacant Housing
	2.5%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.4%	0.4%
	2.4%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	2.9%	2.4%
	1.0%	2.8%
	2.2%	3.9%
	0.7%	4.5%
	7.3%	11.3%
	17.6%	13.0%
	48.2%	20.1%
	7.3%	13.6%
	6.1%	8.3%
	1.5%	9.7%
	2.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	38.7%	13.6%
	38.7%	13.6%
	9.7%	13.6%
	10.4%	13.2%
	14.9%	14.8%
	9.7%	13.6%
	3.1%	10.0%
	1.2%	4.7%
	8.8%	12.2%

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