Montrose is located in southeast Iowa. Montrose is part of Lee County. Montrose has 1.12 square miles of land area and 0.02 square miles of water area. As of 2010-2014, the total Montrose population is 916, which has shrunk 4.28% since 2000. The population growth rate is much lower than the state average rate of 5.19% and is much lower than the national average rate of 11.61%. Montrose median household income is $44,844 in 2010-2014 and has grown by 26.89% since 2000. The income growth rate is lower than the state average rate of 33.56% and is about the same as the national average rate of 27.36%. Montrose median house value is $89,500 in 2010-2014 and has grown by 50.17% since 2000. The house value growth rate is lower than the state average rate of 53.09% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Montrose is much better than the state average in quality. The Montrose area code is 319.