Montrose, MI Real Estate
According to census data in the year 2000 there were 668 housing units in Montrose.
This represents a 4.6% decline from 700 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 668 were located in what is classified as a rural area.
Homeownership rate in Montrose is about 70.7%.
Montrose's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.56 people.
The majority of houses, apartments or condos in Montrose were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 12.30% |
| Two Bedrooms | 28.30% |
| Three Bedrooms | 47.50% |
| Four Bedrooms | 9.60% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $80,300 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.8 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $395 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 4.60% |
| Home Equity Loan | 4.80% |
| Simple Mortgage | 59.70% |
| Debt Free | 30.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
