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These days, finding an affordable place to live in the Montville area can be challenging. Home prices in Montville are now at a median cost of $684,098, higher than the New Jersey average of $496,577.
The average cost of rent is $2,690/mo in Montville, primarily driven by the current value of real estate in the Montville area. In Montville, 5.76% of households rent, and 40.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montville is $15,452 per month. Households that rent pay about 17.41% of their income on rent here. Montville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Towaco, NJ: equally priced homes
- Lake Hiawatha, NJ: less expensive homes
- Boonton, NJ: less expensive homes
- Pine Brook, NJ: less expensive homes
- Mountain Lakes, NJ: higher priced homes
- Lincoln Park, NJ: less expensive homes
- Parsippany, NJ: less expensive homes
- Fairfield, NJ: equally priced homes
- Pequannock, NJ: less expensive homes
- Pompton Plains, NJ: less expensive homes
Cities with Similar Populations
- Jackson, WI: less expensive homes
- Inwood, NY: equally priced homes
- Iron Mountain, MI: less expensive homes
- Irvine, KY: less expensive homes
- Irvington, AL: less expensive homes
- Ishpeming, MI: less expensive homes
- Jacinto City, TX: less expensive homes
- Jacksboro, TN: less expensive homes
- Jackson, KY: less expensive homes
- Interlachen, FL: less expensive homes
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