Montvale, NJ—07645
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montvale, NJ
As of Oct '25, the median home price in Montvale, NJ is $897,000, with a year-over-year change of 2.2%. This indicates that home prices in Montvale, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $897,000 | 2.2% |
| Single Family | $929,000 | 3.2% |
| Condos | $732,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $670,000 | 3.7% |
3 Bed | $878,000 | 3.1% |
4 Bed | $1,046,000 | 4.8% |
| 5 Bed | $1,411,000 | 6.1% |
% of Housing Stock
Rental Trends — Montvale, NJ
As of July '25, Rentcast reports the average rent in Montvale, NJ is $4,130, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Montvale, NJ is 1-bedrooms: $2,400, 3-bedrooms: $5,670, 4-bedrooms: $5,450. The most common rental property sizes in Montvale, NJ are 2-bedroom and 3-bedroom, accounting for 63.3% and 14.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,200 | $4,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $2,400 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,700 | $5,670 |
| 4 Bed Rent | $5,200 | $5,450 |
% of Rental Stock
Property Listings — Montvale, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Montvale, NJ is 11. This is a decrease of -61.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,130,000 | 13.0% |
Listing Count | 8 | -47.0% |
| Listings as % of Homes | 0.8% | -47.0% |
Days on Market | 11 | -61.0% |
Demographics — Montvale, NJ
As of the latest ACS Survey released in 2023, Montvale, NJ has a population of 8,620, which has increased by 2.2% over the past 5 years. Montvale, NJ is a moderately popular place for families, as children make up 22.4% of the population. The area has a highly educated workforce, with 56.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,620 | 2.2% |
% Under 18 | 22.4% | -10.0% |
% Seniors | 19.3% | 4.9% |
% WFH | 29.5% | 375.8% |
% w/ College Degree | 56.8% | 2.0% |
As of the latest ACS Survey released in 2023, Montvale, NJ is a predominantly white area, with 72.6% of the population identifying as white. The white population has grown by 3.7% in the last 5 years. The second most common race or ethnicity in Montvale, NJ is asian, making up 13.2% of the population. Foreign-born residents account for 19.5% of the population in Montvale, NJ, and this percentage has decreased by 0.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.6% | 3.7% |
% Black | 2.6% | -18.8% |
% Hispanic | 9.2% | -28.1% |
% Asian | 13.2% | -9.0% |
% Foreign Born | 19.5% | -0.5% |
Mortgage and Risk — Montvale, NJ
According to HUD data as of 2023, there were 175 mortgage originations in Montvale, NJ, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Montvale, NJ. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 175 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Montvale, NJ
Montvale, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $2,100 | $2,180 |
| 2 Bedroom | N/A | N/A | $2,500 |
| 3 Bedroom | -$1,620 | $4,700 | $3,080 |
| 4 Bedroom | -$1,310 | $5,200 | $3,890 |
Affordability — Montvale, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $897,000 |
| Median Household Income | $184,000 |