ZIP 55363 · Montrose, Minnesota

Population

5,814 people call ZIP 55363 home.

5,814

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 77% since the 2010–2014 survey, before inflation.

$1,405

a month. Minnesota's median is $1,280.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$931–$1,397

is the monthly rent range local workforce wages support.

• $1,405 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

53% of the housing here was built before 2000.

• 53% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.2% to the 2,093 homes here.

4–5

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 10% less than Minnesota's.

$296,800

median home value in ZIP 55363.

• $296,800 ZIP 55363
• $329,300 Minnesota
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year