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These days, finding an affordable place to live in the Montvale area can be challenging. Home prices in Montvale are now at a median cost of $712,284, higher than the New Jersey average of $496,577.
The average cost of rent is $2,502/mo in Montvale, primarily driven by the current value of real estate in the Montvale area. In Montvale, 19.61% of households rent, and 32.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montvale is $13,421 per month. Households that rent pay about 18.64% of their income on rent here. Montvale’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Park Ridge, NJ: equally priced homes
- Pearl River, NY: less expensive homes
- Woodcliff Lake, NJ: higher priced homes
- Chestnut Ridge, NY: equally priced homes
- Hillsdale, NJ: equally priced homes
- Upper Saddle River, NJ: higher priced homes
- Saddle River, NJ: higher priced homes
- Westwood, NJ: equally priced homes
- Nanuet, NY: less expensive homes
- Old Tappan, NJ: higher priced homes
Cities with Similar Populations
- Whitehall, MI: less expensive homes
- Winnsboro, SC: less expensive homes
- Kennedale, TX: less expensive homes
- Wilmer, AL: less expensive homes
- Williamsport, MD: less expensive homes
- Willard, OH: less expensive homes
- Willard, MO: less expensive homes
- Whitney, TX: less expensive homes
- Whiteriver, AZ: less expensive homes
- Whitehouse Station, NJ: less expensive homes
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