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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 $244,910, lower than the Virginia average of $443,089.
The average cost of rent is $933/mo in Montvale, primarily driven by the current value of real estate in the Montvale area. In Montvale, 17.41% of households rent, and 37.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montvale is $4,630 per month. Households that rent pay about 20.15% of their income on rent here. Montvale’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Thaxton, VA: less expensive homes
- Nace, VA: higher priced homes
- Blue Ridge, VA: equally priced homes
- Union, VA: equally priced homes
- Reba, VA: equally priced homes
- Pico, VA: higher priced homes
- Lithia, VA: higher priced homes
- Laymantown, VA: higher priced homes
- Otterville, VA: equally priced homes
- Troutville, VA: higher priced homes
Cities with Similar Populations
- Hague, VA: higher priced homes
- Rucker, CA: higher priced homes
- Rollingwood, TX: higher priced homes
- Rices Landing, PA: less expensive homes
- Love, MS: higher priced homes
- Lost Creek, WV: less expensive homes
- Kimper, KY: less expensive homes
- Kachemak, AK: higher priced homes
- Adrian, MN: less expensive homes
- Henry, TN: less expensive homes
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