Montclair, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Montclair, CA Real Estate Data


Montclair Housing Market Information

With a population of 38,690, 10,336 total housing units (homes and apartments), and a median house value of $344,668, real estate costs in Montclair are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Montclair, accounting for 57.93% of the city's housing units. Other types of housing that are prevalent in Montclair include large apartment complexes or high rise apartments ( 18.35%), duplexes, homes converted to apartments or other small apartment buildings ( 10.72%), and a few mobile homes or trailers ( 6.76%).

The most prevalent building size and type in Montclair are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.42% owning and 40.58% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Montclair's housing was primarily built during this period, from the '40s through the '60s. A full 50.43% of the city's housing hails from this era. Other housing ages represented in Montclair include homes built between 1970-1999 ( 38.76%) and housing constructed between 2000 and later ( 8.46%). There's also some housing in Montclair built before 1939 ( 2.34%).

Montclair Home Appreciation Rates

Montclair's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Montclair during the period has been just -1.22%, which is lower than 70% of US communities.

Appreciation rates are so strong in Montclair that despite a nationwide downturn in the housing market, Montclair real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Montclair appreciation rates continue to be some of the highest in America, at 6.08%, which is higher than appreciation rates in 75.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Montclair. Montclair appreciation rates in the latest quarter were at 1.54%, which equates to an annual appreciation rate of 6.30%.

Relative to California, our data show that Montclair's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Montclair differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Montclair - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Montclair real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$344,668

Montclair, CA HOME PRICES

Value Range
> $1,458,000 0.2
$1,093,001 - $1,458,000 0.1
$729,001 - $1,093,000 0.7
$583,001 - $729,000 5.6
$437,001 - $583,000 22.3
$292,001 - $437,000 39.2
$146,001 - $292,000 17.1
$73,001 - $146,000 5.3
$0 - $73,000 9.5

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
12.9530948058793 61.1624834874505

Number Of Homes And Apartments:
10,336

Rent & Ownership

 

Average Market Rent:
$1,546 / per month

Homeownership Rate

Homeownership
Owners 59.42
Renters 40.58
Vacant 7.64

Housing Market Details

 

Age of Homes

AGE OF Montclair HOMES
2000 or Newer 8.5
1970 - 1999 38.8
1940 - 1969 50.4
1939 or Older 2.3

Types of Homes

TYPE OF Montclair HOMES
Single-Family 57.9
Townhomes 5.9
Small Apt. Buildings 10.7
Apt. Complexes 18.4
Mobile Homes 6.8
Other 0.4

Home Size

SIZE OF Montclair HOMES
No Bedroom 2.11
1 Bedroom 7.56
2 Bedrooms 29.11
3 Bedrooms 39.92
4 Bedrooms 19.28
5 or more bedrooms 2.01

Montclair Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
134.12% 5.13% 10 10
* 10 is highest