Total monthly cost of ownership
Cost to Own a Home in Montrose, Michigan
A $110,000 home here costs
$1,172per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $566. The real number is $607 higher every month — 107% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Montrose against Genesee County and Michigan
| Measure | Montrose | Genesee County |
|---|---|---|
| Median home value | $109,700 | $172,900 |
| Median property tax | $2,494 | $2,417 |
| Effective tax rate | 2.273% | 1.398% |
| Median gross rent | $801 | $936 |
| Population | 2,057 | 404,087 |
The weather behind that power bill
Montrose sits in Genesee County, which averages a high of 82.1°F in its hottest month and a low of 16.0°F in its coldest, with 31.97" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 565 cooling and 6,851 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Genesee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Genesee County
Full Genesee County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Montrose?
A $110,000 home in Montrose, Michigan costs approximately $1,172 per month with 20% down at 6.66%. That is $566 principal and interest, $208 property tax, $41 homeowners insurance, $266 utilities and $92 set aside for maintenance.
What is the property tax rate in Montrose?
Montrose has an effective property tax rate of 2.273%, based on a median home value of $109,700 and median real estate taxes of $2,494. That is higher than the Genesee County average of 1.398%.
What is the average home price in Montrose?
The median owner-occupied home value in Montrose, Michigan is $109,700, against $172,900 across Genesee County.
Is it cheaper to rent or buy in Montrose?
Median gross rent in Montrose is $801 a month, against $1,172 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Montrose — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Michigan.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.