Montgomery, MN Real Estate
According to census data in the year 2000 there were 1,140 housing units in Montgomery.
This represents a 11.9% growth from 1,019 in 1990.
Of those housing units, 1,130 were located in either urbanized areas or urban clusters, and 10 were located in what is classified as a rural area.
Homeownership rate in Montgomery is about 76.9%.
Montgomery's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Montgomery were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 12.10% |
| Two Bedrooms | 26.80% |
| Three Bedrooms | 42.60% |
| Four Bedrooms | 14.40% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $89,800 |
| Median Price asked for vacant units | $154,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $558 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 3.80% |
| Simple Mortgage | 53.10% |
| Debt Free | 37.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
