Zip 07043 (Upper Montclair, NJ) Housing

Housing in 07043 Upper Montclair, NJ is expensive, with a median value of $1,038,500. This is more than three times the US median house value of $338,100 and also shows greater appreciation over the last year than the national average of 8.27%, with a rate of 10.07%. Homebuyers looking to purchase a house in this area are likely to be well-off financially and should expect prices to continue increasing due to the high demand for real estate here.

The median home cost in Upper Montclair (zip 07043) is $1,038,500. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Upper Montclair (zip 07043) is up 13.9%.

Average Age of Homes

- The median age of Upper Montclair (zip 07043) real estate is 78 years old

The Rental Market in Upper Montclair (zip 07043)

- Renters make up 17.4% of the Upper Montclair (zip 07043) population
- 0.5% of houses and apartments in Upper Montclair (zip 07043), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Upper Montclair, New Jersey	United States
	4,394.0	139,647,020.0
	64	42
	$1,038,500	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$29.15	$10.98
	$10,001	$2,690
	80.5%	57.4%
	5.6%	11.2%
	13.9%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	3.9%	0.4%
	0.3%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	0.2%	4.5%
	0.7%	11.3%
	0.2%	13.0%
	2.1%	20.1%
	6.6%	13.6%
	6.0%	8.3%
	29.8%	9.7%
	32.0%	3.9%
	15.2%	2.2%
	4.4%	0.8%
	2.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.3%	13.6%
	0.3%	13.6%
	0.8%	13.6%
	1.3%	13.2%
	2.5%	14.8%
	0.8%	13.6%
	13.6%	10.0%
	5.3%	4.7%
	66.6%	12.2%

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