Montville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montville Neighborhoods Since 2000




Montville, 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

Montville Housing Market Information

With a population of 9,819, 1,796 total housing units (homes and apartments), and a median house value of $639,409, Montville house prices are not only among the most expensive in New Jersey, Montville 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 Montville, accounting for 64.84% of the town's housing units. Other types of housing that are prevalent in Montville include row houses and other attached homes ( 25.28%), large apartment complexes or high rise apartments ( 7.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montville. Owner-occupied housing accounts for 95.03% of Montville's homes, and 62.32% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Montville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Montville built between 1940-1969 ( 21.98%). A lesser amount of the housing stock also hails from before 1939 ( 8.52%). There's also some housing in Montville built between 2000 and later ( 5.60%).

Montville Home Appreciation Rates

Montville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Montville during the period has been just -0.98%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Montville's appreciation rate, at 4.78%, has been at or slightly above the national average. In the latest quarter, Montville's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$639,409

Montville, NJ HOME PRICES

Value Range
> $1,086,000 10.8
$814,001 - $1,086,000 12.9
$543,001 - $814,000 30.9
$434,001 - $543,000 20.4
$326,001 - $434,000 6.9
$217,001 - $326,000 7.8
$109,001 - $217,000 4.1
$54,001 - $109,000 2.4
$0 - $54,000 3.7

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
3.32825500996133 13.8211382113821

Number Of Homes And Apartments:
1,796

Montville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
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
46.94% 2.26% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,389 / per month

Homeownership Rate

Homeownership
Owners 95.03
Renters 4.97
Vacant 4.12

Housing Market Details

 

Age of Homes

AGE OF Montville HOMES
2000 or Newer 5.6
1970 - 1999 63.9
1940 - 1969 22.0
1939 or Older 8.5

Types of Homes

TYPE OF Montville HOMES
Single-Family 64.8
Townhomes 25.3
Small Apt. Buildings 2.2
Apt. Complexes 7.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Montville HOMES
No Bedroom 0.00
1 Bedroom 5.80
2 Bedrooms 17.76
3 Bedrooms 34.12
4 Bedrooms 28.20
5 or more bedrooms 14.12