Zip 07045 (Montville, NJ) Housing

The housing market in Montville, NJ (zip code 07045) is booming compared to the national average. The median value of a house in this area is an impressive $622,100, almost double the US house median value of $338,100. Over the past year, the appreciation rate for homes in Montville was 10.07%, significantly higher than the US 1 year house appreciation rate of 8.27%. This demonstrates that housing in Montville is growing in popularity and demand, making it an excellent place to invest property.

The median home cost in Montville (zip 07045) is $622,100. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Montville (zip 07045) is up 13.9%.

Average Age of Homes

- The median age of Montville (zip 07045) real estate is 29 years old

The Rental Market in Montville (zip 07045)

- Renters make up 5.7% of the Montville (zip 07045) population
- 0.3% of houses and apartments in Montville (zip 07045), 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	Montville, New Jersey	United States
	3,743.0	139,647,020.0
	37	42
	$622,100	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$22.02	$10.98
	$10,001	$2,690
	93.7%	57.4%
	3.0%	11.2%
	3.3%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	1.5%	0.7%
	1.1%	0.4%
	0.2%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.6%	2.8%
	1.3%	3.9%
	2.0%	4.5%
	0.9%	11.3%
	0.8%	13.0%
	1.6%	20.1%
	8.2%	13.6%
	15.4%	8.3%
	42.3%	9.7%
	21.4%	3.9%
	5.2%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.6%	13.6%
	3.6%	13.6%
	28.2%	13.6%
	26.3%	13.2%
	12.7%	14.8%
	28.2%	13.6%
	6.1%	10.0%
	1.6%	4.7%
	6.7%	12.2%

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