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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 Type0.50%
One Bedroom8.90%
Two Bedrooms28.80%
Three Bedrooms50.50%
Four Bedrooms9.90%
Five Bedrooms or more1.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1964
Median Value of occupied units$59,600
Median Price asked for vacant units$106,300

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1970
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage5.30%
Home Equity Loan6.60%
Simple Mortgage43.20%
Debt Free44%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs15%