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Montrose R-XIV

Learn about the people, housing, costs and businesses in Montrose R-XIV, Missouri

Median Home$164,281
Median Rent$832/month
Population21,511
Leading IndustriesManufacturing · Agriculture & Mining · Construction3% manufacturing
Home Value Growth⬆⬆+17.2% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners76% of occupied units
NotableAffordable Market$164k median home · lower cost than 77% of the country
NotableVeteran Community8% of residents · top 27% nationally
Montrose R-XIV
MO

Frequently Asked Questions

What are today's mortgage rates in Montrose R-XIV?

As of today, the 30-year fixed mortgage rate for Montrose R-XIV is approximately 7.071% (7.113% 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 R-XIV?

The median home value in Montrose R-XIV is $164k. The median monthly rent is $832. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montrose R-XIV?

Home values in Montrose R-XIV have increased 17.2% 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 R-XIV?

Based on a typical all-in ownership cost of $871/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montrose R-XIV is $71k/year.

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What industries drive the economy in Montrose R-XIV?

The largest employment sectors in Montrose R-XIV are public administration (21%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.