Montrose, MN Real Estate
According to census data in the year 2000 there were 480 housing units in Montrose.
This represents a 20% growth from 400 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 480 were located in what is classified as a rural area.
Homeownership rate in Montrose is about 74.4%.
Montrose's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Montrose were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 16.70% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 40.20% |
| Four Bedrooms | 10% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $105,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $533 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 14% |
| Home Equity Loan | 11.70% |
| Simple Mortgage | 62.60% |
| Debt Free | 11.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.2% |
