Median real estate price in the City Center of Montevideo is $96,588, which is less expensive than 94.2% of Minnesota neighborhoods and 83.4% of all U.S. neighborhoods.
The average rental price in Montevideo City Center is currently $969, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.1% of Minnesota neighborhoods.
Montevideo City Center is a suburban neighborhood (based on population density) located in Montevideo, Minnesota.
Real estate in the City Center of Montevideo, MN is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Montevideo City Center has a 11.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 61.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.