The housing market in Montville, NJ is booming. The median value of houses in the area is $727,900, which is nearly double the US median value of $338,100. In the past year alone, house appreciation has risen 10.07%, which is higher than the national average of 8.27%. Hence, investors and homeowners looking for an affordable area with strong growth potential should certainly consider Montville, NJ as a great option for their housing needs.
The median home cost in Montville is $727,900. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Montville is up 13.9%.
Average Age of Homes
- The median age of Montville real estate is 37 years old
The Rental Market in Montville
- Renters make up 15.0% of the Montville population
- 0.1% of houses and apartments in Montville, 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.