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.