Montclair, NJ


Highest Appreciating Montclair Neighborhoods Since 2000

Montclair, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Montclair Housing Market Information

With a population of 38,202, 1,230 total housing units (homes and apartments), and a median house value of $662,997, Montclair house prices are not only among the most expensive in New Jersey, Montclair real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Montclair, accounting for 51.38% of the town's housing units. Other types of housing that are prevalent in Montclair include large apartment complexes or high rise apartments ( 24.19%), duplexes, homes converted to apartments or other small apartment buildings ( 22.20%), and a few row houses and other attached homes ( 2.06%).

People in Montclair primarily live in small (one, two or no bedroom) single-family detached homes. Montclair has a mixture of owner-occupied and renter-occupied housing.

The housing in Montclair was primarily built before 1939 ( 58.85%), making the housing stock in Montclair some of the oldest overall in America, although there is a range of ages of homes in Montclair. The next most important housing age is between 1940-1969 ( 27.65%), followed by between 1970-1999 ( 9.68%). There's also some housing in Montclair built between 2000 and later ( 3.82%).

Montclair Home Appreciation Rates

Appreciation rates for homes in Montclair have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.71%, which ranks in the top 40% nationwide. This equates to an annual average Montclair house appreciation rate of 0.75%.

NeighborhoodScout's data show that during the latest twelve months, Montclair's appreciation rate, at 5.18%, has been at or slightly above the national average. In the latest quarter, Montclair's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Montclair's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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:


Value Range
> $1,173,000 8.2
$880,001 - $1,173,000 16.3
$587,001 - $880,000 27.5
$469,001 - $587,000 12.6
$352,001 - $469,000 14.5
$235,001 - $352,000 13.3
$117,001 - $235,000 4.2
$59,001 - $117,000 0.1
$0 - $59,000 3.3

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
3.03527481542248 12.3983739837398

Number Of Homes And Apartments:

Montclair Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
92.49% 3.87% 10 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,108 / per month

Homeownership Rate

Owners 58.29
Renters 41.71
Vacant 4.90

Housing Market Details


Age of Homes

AGE OF Montclair HOMES
2000 or Newer 3.8
1970 - 1999 9.7
1940 - 1969 27.6
1939 or Older 58.9

Types of Homes

Single-Family 51.4
Townhomes 2.1
Small Apt. Buildings 22.2
Apt. Complexes 24.2
Mobile Homes 0.2
Other 0.0

Home Size

No Bedroom 2.60
1 Bedroom 16.46
2 Bedrooms 23.13
3 Bedrooms 20.38
4 Bedrooms 17.34
5 or more bedrooms 20.08