Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Montclair area can be challenging. Home prices in Montclair are now at a median cost of $553,080, higher than the New Jersey average of $388,929.
The average cost of rent is $1,932/mo in Montclair, primarily driven by the current value of real estate in the Montclair area. While nearly 31.75% of residents own their homes outright in Montclair, 42.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montclair is $12,119 per month. Households that rent pay about 15.94% of their income on rent here. Montclair's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Glen Ridge, NJ: higher priced homes
- Bloomfield, NJ: less expensive homes
- Verona, NJ: equally priced homes
- Upper Montclair, NJ: higher priced homes
- Brookdale, NJ: less expensive homes
- West Orange, NJ: less expensive homes
- Silver Lake, NJ: less expensive homes
- Cedar Grove, NJ: equally priced homes
- Belleville, NJ: less expensive homes
- Nutley, NJ: less expensive homes
Cities with Similar Populations
- Phillipsburg, NJ: less expensive homes
- Monterey, CA: higher priced homes
- Mount Pleasant, WI: less expensive homes
- Murray, KY: less expensive homes
- Olney, MD: equally priced homes
- Owatonna, MN: less expensive homes
- Oxford, MI: less expensive homes
- Palm Springs, FL: less expensive homes
- Patterson, CA: less expensive homes
- Peyton, CO: less expensive homes
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