The Most Affordable Neighborhoods in Upper Montclair, NJ by Home Value

 

Upper Montclair, NJ Map of Most Affordable Neighborhoods
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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 $771,742, higher than the New Jersey average of $388,929.

The average cost of rent is $2,345/mo in Upper Montclair, primarily driven by the current value of real estate in the Upper Montclair area. While nearly 30.86% of residents own their homes outright in Upper Montclair, 15.91% rent.

Housing affordability isn’t just about home prices, though. The average household income in Upper Montclair is $17,008 per month. Households that rent pay about 13.79% of their income on rent here. Upper Montclair's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.


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