Home prices
The median home in Montrose is valued at $176,200. Compared to other places in this area this is approximately $22,960 (11%) lower.In comparison to the entire nation it is roughly $41,300 (18%) lower, and is about $75,400 (29%) lower compared to the city of Minneapolis.
Rents
Montrose's median monthly rent is $1,002. This is about $120 (13%) higher compared to its surrounding areas.It is about $60 (5%) lower compared to the rest of the nation, and in comparison to the city of Minneapolis it is approximately $25 (2%) lower.
Nearby places
Waverly
Waverly is Montrose's neighbor to the west. The real estate prices there are somewhat more expensive. The median home in Waverly is valued at $193,100, which comes out to $16,900 (8%) higher than Montrose. Rent there is somewhat more expensive. The median monthly rent in Waverly is $1,116, which works out to $114 (10%) higher than Montrose.
Delano
Delano is approximately 5 miles east from Montrose. The real estate prices there are somewhat more expensive. Delano's median home price is $258,700, which is $82,500 (31%) higher than Montrose. Rent there is a little less expensive. In Delano the median rent is $851 a month, which is $151 (17%) lower than Montrose.
Howard Lake
Howard Lake is about 6 miles west of Montrose. Its housing prices are somewhat less expensive. The price of the median home in Howard Lake is $153,800, which comes out to $22,400 (14%) lower than Montrose. Rent there is a little less expensive. Howard Lake's median monthly rent is $774, which works out to $228 (29%) lower than Montrose.
Rockford
Rockford is about 7 miles east from Montrose. Its real estate prices are similar. The median home price in Rockford is $181,900, which works out to $5,700 (3%) higher than Montrose. Rents there are fairly similar. Rockford's median monthly rent is $974, which comes out to $28 (2%) lower than Montrose.
Watertown
Watertown is about 7 miles southeast of Montrose. Real estate prices there are a little more expensive. The value of the median home in Watertown is $208,300, which is $32,100 (15%) higher than Montrose. Its rents are substantially less expensive. In Watertown the median rent is $694 per month, which is $308 (44%) lower than Montrose.
