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Montrose Community Schools

Learn about the people, housing, costs and businesses in Montrose Community Schools, Michigan

Median Home$304,742
Median Rent$1,492/month
Population203,520
Leading IndustriesFinance & Insurance · Wholesale Trade · Healthcare9% finance & insurance
Home Value Growth⬆⬆+14.1% over 2 years
Young Adults35% of residentstop 4% nationally
Renters56% of occupied units
Montrose Community Schools
MI

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Montrose Community Schools?

As of today, the 30-year fixed mortgage rate for Montrose Community Schools is approximately 6.907% (6.943% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Montrose Community Schools?

The median home value in Montrose Community Schools is $305k. The median monthly rent is $1,492. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montrose Community Schools?

Home values in Montrose Community Schools have increased 14.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Montrose Community Schools?

Based on a typical all-in ownership cost of $1,455/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montrose Community Schools is $75k/year.

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What industries drive the economy in Montrose Community Schools?

The largest employment sectors in Montrose Community Schools are healthcare (15%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.