Montclair, VA is an affluent area with a median housing value of $486,300, significantly higher than the US median of $338,100. While US house values have appreciated 8.27% in the last year, Montclair's appreciation rate has only been 3.93%. This could indicate a slowing market in the area or simply reflect its already high property values. Despite this lower appreciation rate, Montclair remains a desirable place to live due to its high quality of life and proximity to many amenities.
The median home cost in Montclair is $486,300. Home appreciation the last 10 years has been 58.1%. Home Appreciation in Montclair is up 9.5%.
Average Age of Homes
- The median age of Montclair real estate is 27 years old
The Rental Market in Montclair
- Renters make up 13.3% of the Montclair population
- 0.5% of houses and apartments in 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.