The housing in Montrose, MI (48457) is quite affordable compared to the US average. The median value of a house in this area is $163,900, which is more than half the US median house value of $338,100. Although the US house appreciation rate was 8.27% over the past year, it was slightly lower in Montrose at 6.41%. Despite this slight difference, Montrose remains a great place for those looking for an affordable home with plenty of potential for growth.
The median home cost in Montrose (zip 48457) is $163,900. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Montrose (zip 48457) is up 12.8%.
Average Age of Homes
- The median age of Montrose (zip 48457) real estate is 45 years old
The Rental Market in Montrose (zip 48457)
- Renters make up 13.7% of the Montrose (zip 48457) population
- 0.2% of houses and apartments in Montrose (zip 48457), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.