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These days, finding an affordable place to live in the Upper Montclair area can be challenging. Home prices in Upper Montclair are now at a median cost of $1,005,662, higher than the New Jersey average of $496,577.
The average cost of rent is $2,133/mo in Upper Montclair, primarily driven by the current value of real estate in the Upper Montclair area. In Upper Montclair, 14.24% of households rent, and 35.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Upper Montclair is $18,661 per month. Households that rent pay about 11.43% of their income on rent here. Upper Montclair’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Brookdale, NJ: less expensive homes
- Cedar Grove, NJ: less expensive homes
- Montclair, NJ: less expensive homes
- Verona, NJ: less expensive homes
- Little Falls, NJ: less expensive homes
- Glen Ridge, NJ: less expensive homes
- Nutley, NJ: less expensive homes
- Clifton, NJ: less expensive homes
- North Caldwell, NJ: equally priced homes
- Woodland Park, NJ: less expensive homes
Cities with Similar Populations
- Hamilton, MT: less expensive homes
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- Hartsdale, NY: less expensive homes
- Harrisonville, MO: less expensive homes
- Harrison, TN: less expensive homes
- Hamilton Square, NJ: less expensive homes
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