Montague Township, NJ—07827
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montague Township, NJ
As of Oct '25, the median home price in Montague Township, NJ is $316,000, with a year-over-year change of -0.3%. This indicates that home prices in Montague Township, NJ are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | -0.3% |
| Single Family | $361,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $213,000 | 0.5% |
3 Bed | $384,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montague Township, NJ
As of July '25, Rentcast reports the average rent in Montague Township, NJ is $1,870, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in Montague Township, NJ is 1-bedrooms: $1,310, 2-bedrooms: $1,960, 3-bedrooms: $2,580, 4-bedrooms: $2,200. The most common rental property sizes in Montague Township, NJ are 2-bedroom and 1-bedroom, accounting for 58.9% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,310 |
| 2 Bed Rent | $2,000 | $1,960 |
| 3 Bed Rent | $2,500 | $2,580 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Montague Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Montague Township, NJ is 59. This is a increase of 5.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | 0.0% |
Listing Count | 33 | 73.0% |
| Listings as % of Homes | 1.7% | 73.0% |
Days on Market | 59 | 5.0% |
Demographics — Montague Township, NJ
As of the latest ACS Survey released in 2023, Montague Township, NJ has a population of 4,110, which has remained stable by 0.8% over the past 5 years. Montague Township, NJ is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,110 | 0.8% |
% Under 18 | 19.1% | 0.5% |
% Seniors | 22.8% | 28.1% |
% WFH | 3.1% | -49.2% |
% w/ College Degree | 32.3% | 49.5% |
As of the latest ACS Survey released in 2023, Montague Township, NJ is a predominantly white area, with 84.8% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Montague Township, NJ is asian, making up 5.7% of the population. Foreign-born residents account for 6.4% of the population in Montague Township, NJ, and this percentage has increased by 30.6% 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 | 84.8% | -8.0% |
% Black | 0.3% | -83.3% |
% Hispanic | 5.1% | 218.7% |
% Asian | 5.7% | 171.4% |
% Foreign Born | 6.4% | 30.6% |
Mortgage and Risk — Montague Township, NJ
According to HUD data as of 2023, there were 114 mortgage originations in Montague Township, NJ, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Montague Township, NJ. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 114 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Montague Township, NJ
As of 2024, the percent of homes in Montague Township, NJ under the Section 8 program is 10.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Montague Township, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,150 | $1,440 |
| 2 Bedroom | -$270 | $2,000 | $1,730 |
| 3 Bedroom | -$310 | $2,500 | $2,190 |
| 4 Bedroom | $320 | $2,200 | $2,520 |
Affordability — Montague Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $316,000 |
| Median Household Income | $99,900 |