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Montrose city, MN

ZIP 55363 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55363

Median Home Value
$273,000
Median Rent
$1,069
Affordability Snapshot
$75,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,754/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55363 in Montrose city, MN, a household would need roughly $75,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,754. That sits below the local median household income ($98,287), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
77.6%+19% vs US avg
x
Vacancy Rate
5.6%-46% vs US avg
x
Broadband Access
90.6%+4% vs US avg
x
4+ Bedrooms
5.6%-62% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
11.4%-77% vs US avg
x
Mortgage-Free
28.5%-25% vs US avg
x
$273,000
Home Value
$1,069
Rent
1998
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached74.2%
  • 1-unit attached6.4%
  • 2-9 units0.0%
  • 10+ units9.7%
  • Mobile home & other9.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$273,000
Median rent$1,069
Owner-occupied77.6%
Vacant5.6%
Price-to-income2.8x
Est. income to buy$75,000