Housing in Montague, NJ is quite valuable with a median value of $279,100. This is significantly lower than the US House Median Value of $338,100. However, housing in Montague has also experienced a higher rate of appreciation over the past year with an increase of 10.13%, which is higher than the US Appreciation rate of 8.27%. This suggests that housing in Montague is becoming increasingly more desirable and could be a great investment opportunity for potential buyers or renters.
The median home cost in Montague is $279,100. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Montague is up 14.2%.
Average Age of Homes
- The median age of Montague real estate is 40 years old
The Rental Market in Montague
- Renters make up 30.6% of the Montague population
- 5.4% of houses and apartments in Montague, 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.