Montrose, SD Real Estate
According to census data in the year 2000 there were 197 housing units in Montrose.
This represents a 11.9% growth from 176 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 197 were located in what is classified as a rural area.
Homeownership rate in Montrose is about 73.8%.
Montrose's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Montrose were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.10% |
| Two Bedrooms | 30.50% |
| Three Bedrooms | 36% |
| Four Bedrooms | 20.30% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $64,700 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $175 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.40% |
| Home Equity Loan | 8.50% |
| Simple Mortgage | 49.20% |
| Debt Free | 39% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
