There are currently 429 real estate properties in Montrose, SD, with a median automated valuation model (AVM) price of $362,903.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Montrose, SD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Montrose, SD, is $430,711.00, with the most expensive house in Montrose, SD, topping out at $3,712,100.00 and the cheapest home in Montrose, SD, clocking in at $22,996.00. In other words, there’s something for every potential homebuyer or savvy investor in Montrose, SD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Montrose, SD, is on a rollercoaster ride. The average rent price in Montrose, SD, is $1,441.00. Indeed, when looking to rent in Montrose, SD, you can expect to pay as little as $820.00 or as much as $2,820.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Montrose, SD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Montrose is located in McCook, South Dakota, with an estimated municipal population of 443 residents. All of the best foreclosed homes for sale in Montrose are located in the following zip code areas on Foreclosure.com: 57048. The estimated population per square kilometer (.62 miles) in Montrose is 415.
So, about how much do homes cost in Montrose? The most recent median value of resident-owned homes in Montrose is 111,103. An estimated 58.1 percent of households in Montrose own their homes, with an average family size of 3.09. The median household income in Montrose is 50,750, with16.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Montrose, the median commute time of resident workers (in minutes) is 31.6. And last, but certainly not least, are you looking for homes to rent in Montrose? If so, the average rent price paid by renters in Montrose is 405, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Montrose, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Montrose is 30.4, split between 45.4 percent male versus 54.6 female. The percentage of residents who report being married in Montrose is 50.9, with an average family size of 3.09.
The percentage of residents who report their race in Montrose is as follows:
| White | 92.6% |
| Black / African American | 6.8% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.6% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Montrose? Or maybe you are searching for 55+ active adult communities in and/or near Montrose?
The percentage of residents who report their age in Montrose is as follows:
| Under 10 | 13% |
| Aged 10-19 | 28.5% |
| 20s | 8.1% |
| 30s | 8.1% |
| 40s | 13% |
| 50s | 9.6% |
| 60s | 9% |
| 70s | 7.4% |
| 80+ | 3.3% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Montrose with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Montrose.
How do you know that living in -- or moving to -- Montrose is right where you need to be? Perhaps you grew up in Montrose or already live nearby; therefore, the decision to buy a home in Montrose is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Montrose for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Montrose:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Montrose.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Montrose can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Montrose, meanwhile, can field multiple offers from more qualified buyers.
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