Local Housing Data
Montezuma is a great community to build a home, find a starter or to raise a family. The median home value rose from $111,000 to $130,700 between 2015 and 2019. The 2019 cost of living index was 87.2 which is less than the U.S. average of 100.* Local utility services, an incredible K-12 education system, homegrown industries and community development initiatives keep us strong.
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South Diamond Housing Development
The City of Montezuma’s newest housing project, the South Diamond Development is a 15-acre site containing 31-lots for single-family and multi-family housing. Click HERE for more information on the South Diamond Subdivision and available incentives.
City of Montezuma Housing Grant Program
Montezuma City Council appoved a new grant program in 2019, offering two kinds of assistance to homeowners. The primary goal of this program is to spark private participation and investment in the program’s goals of neighborhood revitalization, renewal, and improved curb appeal.
The first program, offers up to a $20,000 reimbursement for exterior repairs made to a dilapidated structure. A 50% cash match for the total project costs is required for this grant. Two of these grants will be awarded. {both grants are still available for 2019-2020}
The second program, offers up to a $20,000 reimbursement for acquisition and/or demolition related expenses for a dilapidated structure. Two of these grants will be awarded. {both grants have been fufilled for 2019-2020}
Click here to download the D&D Program Summary and Instructions.
Click here to download the Private Rehab Grant Program Application.
Click here to download the Private Acquisition and Demolition Grant Program Application.
Contact the City Office with any additional questions.
City of Montezuma Tax Abatement
The City of Montezuma offers tax abatement for new construction, additions and general improvements. There are four abatement schedules available. Click here to download the Application for Tax Abatement and to view available abatement schedules. Contact the City Office with any additional questions.
Visit Montezuma realtors for available homes in Montezuma, Lake Ponderosa and the surrounding areas:
AE Realty, Inc.
Bryan Realty, Inc.
Joe Heemstra Realty
Kercheval Real Estate