Montrose, IA Real Estate
According to census data in the year 2000 there were 406 housing units in Montrose.
This represents a 12.2% growth from 362 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 406 were located in what is classified as a rural area.
Homeownership rate in Montrose is about 78.3%.
Montrose's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Montrose were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 8.90% |
| Two Bedrooms | 28.80% |
| Three Bedrooms | 50.50% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $59,600 |
| Median Price asked for vacant units | $106,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 6.60% |
| Simple Mortgage | 43.20% |
| Debt Free | 44% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
