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Montrose School District 43-2

Learn about the people, housing, costs and businesses in Montrose School District 43-2, South Dakota

Median Home$261,160
Median Rent$979/month
Population997
Leading IndustriesTransportation · Construction · Agriculture & Mining5% transportation
Home Value Growth+5.6% over 2 years
Family-Friendly27% of residentswell above average
Homeowners78% of occupied units
NotableHigh Incomes$87k/year · top 29% nationally
Montrose School District 43-2
SD

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Frequently Asked Questions

What are today's mortgage rates in Montrose School District 43-2?

As of today, the 30-year fixed mortgage rate for Montrose School District 43-2 is approximately 6.998% (7.038% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Montrose School District 43-2
What is the median home price in Montrose School District 43-2?

The median home value in Montrose School District 43-2 is $261k. The median monthly rent is $979. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montrose School District 43-2?

Home values in Montrose School District 43-2 have increased 5.6% over the past two years. This represents moderate growth. 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 School District 43-2?

Based on a typical all-in ownership cost of $1,018/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montrose School District 43-2 is $87k/year.

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What industries drive the economy in Montrose School District 43-2?

The largest employment sectors in Montrose School District 43-2 are public administration (23%) and agriculture and mining (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.