Montrose, IA
Full City Profile · Iowa · Lee County County
3.7
/5.0
B+
Good
688
Population
569/sq mi density
$73,333
Median Income
$33,897 per capita
$92,100
Home Value
$192,869 Zillow
$654
Median Rent
24.2% income on rent
52°F
Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$73,333 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$92,100 home value, $654/mo rent
D
Education
1.8 / 5.0
10.6% bachelor's degree or higher
Housing Overview
Median Home Value
$92,100
67% below
US avg: $281,900
Median Rent
$654/mo
44% below
US avg: $1,163/mo
Homeownership Rate
93.2%
43% above US avg (65.4%)
Total Housing Units
352
Median year built: 1961
Home Value by Source
Census Median
$92,100
Zillow (ZHVI)
$192,869
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
93.2%
Owner-Occupied
6.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$654/mo
Affordability & Housing Stock
Rent Burden
24.2%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
93.2%
Complete Housing Data
Home Values
| Census Median Value | $92,100 |
| Zillow Home Value (ZHVI) | $192,869 |
Rent
| Census Median Rent | $654 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
Ownership & Stock
| Owner-Occupied | 93.2% |
| Renter-Occupied | 6.8% |
| Homeownership Rate | 93.2% |
| Total Housing Units | 352 |
| Median Year Built | 1961 |
| Rent Burden | 24.2% |