Upper Montclair, NJ is a highly desirable place to live due to its beautiful scenery and close proximity to New York City. The median value of housing in Upper Montclair is $856,400, which is significantly higher than the national median value of $338,100. This increase in value has been driven by strong appreciation over the last year, with house values increasing by 10.07%. This is higher than the national 1 year house appreciation rate of 8.27%. This makes Upper Montclair an attractive investment for those looking to make a long-term purchase or rental investment in real estate.
The median home cost in Upper Montclair is $856,400. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Upper Montclair is up 13.9%.
Average Age of Homes
- The median age of Upper Montclair real estate is 78 years old
The Rental Market in Upper Montclair
- Renters make up 17.0% of the Upper Montclair population
- 0.5% of houses and apartments in Upper Montclair, 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.