Montville, NJ—07045
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montville, NJ
As of Oct '25, the median home price in Montville, NJ is $800,000, with a year-over-year change of 1.7%. This indicates that home prices in Montville, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $800,000 | 1.7% |
| Single Family | $844,000 | 1.4% |
| Condos | $585,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $587,000 | 2.8% |
3 Bed | $743,000 | 2.3% |
4 Bed | $953,000 | 2.8% |
| 5 Bed | $1,260,000 | 3.3% |
% of Housing Stock
Rental Trends — Montville, NJ
As of July '25, Rentcast reports the average rent in Montville, NJ is $4,450, with a year-over-year rent change of 21.6%. Per bedroom, the median rent as of July '25 in Montville, NJ is 2-bedrooms: $3,700, 3-bedrooms: $4,900, 4-bedrooms: $3,250. The most common rental property sizes in Montville, NJ are 3-bedroom and 1-bedroom, accounting for 56.2% and 43.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,100 | $4,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,700 | $3,700 |
| 3 Bed Rent | $5,200 | $4,900 |
| 4 Bed Rent | $3,200 | $3,250 |
% of Rental Stock
Property Listings — Montville, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Montville, NJ is 23. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,030,000 | 0.0% |
Listing Count | 31 | -2.0% |
| Listings as % of Homes | 0.5% | -2.0% |
Days on Market | 23 | 31.0% |
Demographics — Montville, NJ
As of the latest ACS Survey released in 2023, Montville, NJ has a population of 10,200, which has decreased by -4.2% over the past 5 years. Montville, NJ is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 67.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | -4.2% |
% Under 18 | 19.1% | -12.8% |
% Seniors | 23.5% | 8.3% |
% WFH | 22.5% | 177.8% |
% w/ College Degree | 67.6% | 6.5% |
As of the latest ACS Survey released in 2023, Montville, NJ is a predominantly white area, with 64.5% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Montville, NJ is asian, making up 26.3% of the population. Foreign-born residents account for 26.6% of the population in Montville, NJ, and this percentage has increased by 31.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.5% | -10.9% |
% Black | 0.7% | -41.7% |
% Hispanic | 5.8% | 5.5% |
% Asian | 26.3% | 33.5% |
% Foreign Born | 26.6% | 31.0% |
Mortgage and Risk — Montville, NJ
According to HUD data as of 2023, there were 147 mortgage originations in Montville, NJ, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Montville, NJ. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 147 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Montville, NJ
Montville, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,650 |
| 2 Bedroom | -$490 | $3,700 | $3,210 |
| 3 Bedroom | -$1,160 | $5,200 | $4,040 |
| 4 Bedroom | $1,400 | $3,200 | $4,600 |
Affordability — Montville, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $800,000 |
| Median Household Income | $179,000 |