Montrose, IA
Population 688 · Iowa
About Montrose, IA
Montrose is a small community in Iowa with a population of 688 residents. The median household income is $73,333 per year, which is above the national average. The median age in Montrose is 51.6 years.
Housing in Montrose has a median home value of $92,100 and median monthly rent of $654. Of the 327 total housing units, the majority are owner-occupied, with 276 owner-occupied and 20 renter-occupied units.
The unemployment rate in Montrose is 2.5% and the poverty rate is 8.8%. 10.6% of residents hold a bachelor's degree or higher. The average commute time is 16.9 minutes.
Cost of Living in Montrose, IA
Compared to national averages, Montrose has a median household income of $73,333 (2% below the national median of $75,149). Home values average $92,100, which is 62% below the national median. Monthly rent at $654 is 44% below the US average of $1,163. Within Iowa, Montrose's income is 8% above the state average of $67,947, and home values are 30% below the state median of $132,237.
Why Live in Montrose, IA?
Montrose offers affordable housing with a median home value of $92,100, below the US average of $244,900, and rent that’s lower than the national average at $654/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features a low poverty rate of 8.8%, better than the national average, and short commute times averaging just 16.9 minutes.
Potential considerations include median household income ($73,333) that falls below the national average. However, Montrose’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montrose has a population of 688 with a median age of 51.6 years. Compare Montrose with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Montrose
What is the population of Montrose, IA?
The population of Montrose, IA is 688 according to the latest Census data.
What is the median household income in Montrose?
The median household income in Montrose, IA is $73,333 per year.
What is the median home value in Montrose?
The median home value in Montrose, IA is $92,100.
What is the average rent in Montrose?
The median monthly rent in Montrose, IA is $654.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose, IA is 2.5%.