Similar to the surrounding areas, it's substantially less expensive compared to the rest of the nation. It's substantially less expensive compared to the city of Iowa City.
Home prices
Montrose's median home price is $86,100. Compared to nearby areas it is about $4,180 (4%) lower.Compared to the rest of the nation it is roughly $131,400 (60%) lower, and compared to the city of Iowa City is roughly $129,000 (59%) lower.
Rents
Montrose's median monthly rent is $625. In comparison to nearby areas it is about $47 (7%) lower.It is about $437 (41%) lower compared to the country as a whole, and it is about $342 (35%) lower compared to the city of Iowa City.
Nearby places
Nauvoo
Nauvoo is roughly 1 mile northeast from Montrose. The real estate prices there are a little more expensive. The value of the median home in Nauvoo is $103,300, which works out to $17,200 (16%) higher than Montrose. The rent there is a little more expensive. The median rent in Nauvoo is $696 a month, which is $71 (10%) higher than Montrose.
Fort Madison
Fort Madison is about 7 miles northeast of Montrose. Its real estate prices are a little less expensive. The median home in Fort Madison costs $81,600, which comes out to $4,500 (5%) lower than Montrose. The rent there is a little more expensive. Fort Madison's median rent is $709 a month, which comes out to $84 (11%) higher than Montrose.
Keokuk
Keokuk is about 7 miles south of Montrose. Its housing prices are a bit less expensive. Keokuk's median home cost is $71,200, which is $14,900 (20%) lower than Montrose. Rent there is fairly similar. Keokuk's median monthly rent is $648, which works out to $23 (3%) higher than Montrose.
Hamilton
Hamilton is approximately 9 miles south of Montrose. Housing prices there are somewhat more expensive. The cost of the median home in Hamilton is $91,700, which comes out to $5,600 (6%) higher than Montrose. Rent there is pretty similar. The median rent in Hamilton is $655 a month, which works out to $30 (4%) higher than Montrose.
Donnellson
Donnellson is roughly 10 miles northwest of Montrose. Its housing prices are a little more expensive. The median home in Donnellson costs $103,600, which is $17,500 (16%) higher than Montrose. The rent there is fairly similar. In Donnellson the median monthly rent is $654, which works out to $29 (4%) higher than Montrose.