The housing market in 07645 Montvale, NJ is especially strong. The median value of a house in this area is $674,700, which is more than double the national median for house value of $338,100. In addition to being higher than the national average, the appreciation rate for houses in this area over the past year has been 10.32%, significantly higher than the US appreciation rate of 8.27%. This indicates that not only is the housing in 07645 Montvale, NJ already very valuable but it is also increasing rapidly in value. Investing in housing here would be a wise decision for anyone looking to buy or rent property.
The median home cost in Montvale (zip 07645) is $674,700. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Montvale (zip 07645) is up 9.0%.
Average Age of Homes
- The median age of Montvale (zip 07645) real estate is 50 years old
The Rental Market in Montvale (zip 07645)
- Renters make up 16.6% of the Montvale (zip 07645) population
- 0.0% of houses and apartments in Montvale (zip 07645), 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.