The housing market in 57048 Montrose, SD is doing quite well compared to the national average. According to the data, the median value of a house in 57048 Montrose is $310,900, which is slightly lower than the US median house value of $338,100. However, over the past year, this region has seen an impressive increase in home appreciation at 12.74%, higher than the US average of 8.27%. This demonstrates that people are investing heavily in real estate in this area and it remains a strong housing market for buyers and sellers alike.
The median home cost in Montrose (zip 57048) is $310,900. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Montrose (zip 57048) is up 18.1%.
Average Age of Homes
- The median age of Montrose (zip 57048) real estate is 59 years old
The Rental Market in Montrose (zip 57048)
- Renters make up 18.5% of the Montrose (zip 57048) population
- 0.9% of houses and apartments in Montrose (zip 57048), 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.