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Montvale, NJ

Full City Profile · New Jersey · Rockland County County

4.0 /5.0
A Great
8,625 Population 2,146/sq mi density
$183,664 Median Income $75,108 per capita
$688,500 Home Value $894,364 Zillow
$2,241 Median Rent 43.1% income on rent
52°F Avg Temperature 275 sunny days/yr
12 Violent Crime/100K 300 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.9 / 5.0
$183,664 median income, 2.7% unemployment
A+
Affordability
4.6 / 5.0
$688,500 home value, $2,241/mo rent
D
Safety
1.6 / 5.0
12 violent crimes/100K
A+
Education
5.0 / 5.0
56.8% bachelor's degree or higher

Housing Overview

Median Home Value
$688,500
144% above
US avg: $281,900
Median Rent
$2,241/mo
93% above
US avg: $1,163/mo
Homeownership Rate
84.1%
29% above US avg (65.4%)
Total Housing Units
3,123
Median year built: 1969

Home Value by Source

Census Median
$688,500
Zillow (ZHVI)
$894,364
Median Sale Price
$870,000
Median List Price
$789,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

84.1%
Owner-Occupied
15.9%
Renter-Occupied
84%
16%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent: $2,241/mo

Market Indicators (Redfin)

Median Days on Market
144 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
9.1%
of listings with price reduction
Price Per Sq Ft
$359
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
43.1%
of renters spending 30%+ of income on housing
39% above US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
84.1%

Complete Housing Data

Home Values

Census Median Value$688,500
Zillow Home Value (ZHVI)$894,364
Median Sale Price$870,000
Median List Price$789,500
Price Per Sq Ft$359

Rent

Census Median Rent$2,241
FMR Studio$1,599
FMR 1-Bedroom$1,759
FMR 2-Bedroom$2,132
FMR 3-Bedroom$2,658
FMR 4-Bedroom$3,005

Market

Days on Market144
Sale-to-List Ratio1.0%
Price Drops9.1%
Homes Sold6
Active Inventory11
Price Per Sq Ft$359

Ownership & Stock

Owner-Occupied84.1%
Renter-Occupied15.9%
Homeownership Rate84.1%
Total Housing Units3,123
Median Year Built1969
Rent Burden43.1%