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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 Type0.40%
One Bedroom16.70%
Two Bedrooms30.20%
Three Bedrooms40.20%
Four Bedrooms10%
Five Bedrooms or more2.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1980
Median Value of occupied units$105,800

Rented Homes, Apartments and Condos

Average Household Size1.77
Median year structure was built1983
Median Monthly Rent asked for vacant units$533

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage14%
Home Equity Loan11.70%
Simple Mortgage62.60%
Debt Free11.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs21.2%