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These days, finding an affordable place to live in the Montrose area can be challenging. Home prices in Montrose are now at a median cost of $150,594, lower than the Iowa average of $226,062.
The average cost of rent is $672/mo in Montrose, primarily driven by the current value of real estate in the Montrose area. In Montrose, 8.54% of households rent, and 54.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montrose is $5,300 per month. Households that rent pay about 12.67% of their income on rent here. Montrose’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Nauvoo, IL: higher priced homes
- Summitville, IA: higher priced homes
- Charleston, IA: higher priced homes
- Argyle, IA: higher priced homes
- Mooar, IA: higher priced homes
- Fort Madison, IA: less expensive homes
- Old Niota, IL: equally priced homes
- Keokuk, IA: less expensive homes
- Donnellson, IA: higher priced homes
- Niota, IL: equally priced homes
Cities with Similar Populations
- Franklin Springs, GA: higher priced homes
- Coupland, TX: higher priced homes
- Cranesville, PA: higher priced homes
- Cumberland City, TN: higher priced homes
- Cumby, TX: higher priced homes
- DePew, OK: higher priced homes
- Dix, IL: equally priced homes
- Dowling, MI: higher priced homes
- Duck Hill, MS: higher priced homes
- Dunnigan, CA: higher priced homes
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