Zip 07827 (Montague, NJ) Housing

Housing in 07827 Montague, NJ is quite valuable, with a median value of $267,700. This is significantly lower than the US median house value of $338,100. Despite the lower value, the appreciation rate for housing in 07827 Montague, NJ has outpaced the national average over the last year by 1.86%, with an appreciation rate of 10.13%. Therefore, investing in real estate in this area can be a wise decision as it has shown positive growth and potential for future returns.

The median home cost in Montague (zip 07827) is $267,700. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Montague (zip 07827) is up 14.2%.

Average Age of Homes

- The median age of Montague (zip 07827) real estate is 40 years old

The Rental Market in Montague (zip 07827)

- Renters make up 28.1% of the Montague (zip 07827) population
- 5.0% of houses and apartments in Montague (zip 07827), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Montague, New Jersey	United States
	2,035.0	139,647,020.0
	44	42
	$267,700	$338,100
	14.2%	16.6%
	45.7%	57.0%
	56.2%	101.1%
	$22.47	$10.98
	$5,599	$2,690
	72.9%	57.4%
	20.7%	11.2%
	6.4%	31.4%
Vacant Housing
	5.0%	1.9%
	0.0%	0.4%
	6.3%	0.7%
	3.2%	0.4%
	1.6%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	1.1%	2.4%
	2.1%	2.8%
	3.3%	3.9%
	3.4%	4.5%
	2.8%	11.3%
	16.8%	13.0%
	41.9%	20.1%
	17.1%	13.6%
	6.5%	8.3%
	1.7%	9.7%
	0.2%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.7%	13.6%
	16.7%	13.6%
	9.3%	13.6%
	16.4%	13.2%
	23.7%	14.8%
	9.3%	13.6%
	11.2%	10.0%
	2.6%	4.7%
	8.9%	12.2%

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