Montrose, IA Profile: Facts & Data

Montrose, Iowa - Basic Facts

The City of Montrose had a population of 690 as of July 1, 2024.

The primary coordinate point for Montrose is located at latitude 40.5323 and longitude -91.4149 in Lee County. The formal boundaries for the City of Montrose encompass a land area of 1.12 sq. miles and a water area of 0.02 sq. miles. Lee County is in the Central time zone (GMT -6).

The City of Montrose has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Montrose is located within Township of Montrose, a minor civil division (MCD) of Lee County.

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Montrose, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	690 (100%)
Population in Households	661 (95.8%)
Population in Families	517 (74.9%)
Population in Group Quarters¹	29 ( 4.2%)
Population Density	571
Diversity Index²	13


INCOME
Median Household Income	$69,450
Average Household Income	$79,707
% of Income for Mortgage⁴	17%
Per Capita Income	$34,588
Wealth Index⁵	64
Socioeconomic Status Index⁶	Moderate (54.5)

HOUSING
Total HU (Housing Units)	341 (100%)
Owner Occupied HU	253 (74.2%)
Renter Occupied HU	46 (13.5%)
Vacant Housing Units	42 (12.3%)
Median Home Value	$189,844
Average Home Value	$263,933
Housing Affordability Index³	135

HOUSEHOLDS
Total Households	299
Average Household Size	2.21
Family Households	193
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

341 (100%)

Owner Occupied HU

253 (74.2%)

Renter Occupied HU

46 (13.5%)

Vacant Housing Units

42 (12.3%)

Median Home Value

$189,844

Average Home Value

$263,933

Housing Affordability Index³

135

HOUSEHOLDS

Total Households

299

Average Household Size

2.21

Family Households

193

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.57%	-1.04%
Households	-1.15%	-0.75%
Families		-1.72%
Median Household Income		2.53%
Per Capita Income		3.71%
Owner Occupied HU		-0.56%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-1.57%

-1.04%

Households

-1.15%

-0.75%

Families

-1.72%

Median Household Income

2.53%

Per Capita Income

3.71%

Owner Occupied HU

-0.56%

Montrose, IA - Peer Comparisons by Rank and Percentile

The table below compares Montrose to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 385	62nd
Population Density	# 544	47th
Median Household Income	# 604	41st
Housing Affordability Index	# 525	51st
Per Capita Income	# 784	24th
Diversity Index	# 674	34th

Variable Description

Rank

Percentile

Total Population

# 385

62nd

Population Density

# 544

47th

Median Household Income

# 604

41st

Housing Affordability Index

# 525

51st

Per Capita Income

# 784

24th

Diversity Index

# 674

34th

Iowa Census Data Comparison Tool

Montrose, IA Profile: Facts & Data

Montrose, Iowa - Basic Facts

Montrose, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Montrose, IA - Peer Comparisons by Rank and Percentile

Montrose, IA - Most Popular Things to Do

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Lee County