Montclair, New Jersey.
Typical home $1,154,955 (+8.8% in a year), asking rent $3,114 (+2.3%). New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$3,715 (+158%) since Jan 2020.
- 1 year
- Up $93,839 +9%
- $1,061,116$1,154,955 since Sep 2025
- 5 years
- Up $370,058 +47%
- $784,896$1,154,955 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Montclair$6,062
- New Jersey$3,019
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Montclair, NJ rose 8.8% over the past year — faster than the nation's +1.2%.
Asking rents in Montclair, NJ rose 2.3% over the past year — slower than the nation's +2.7%.
Owning the typical home in Montclair runs $6,022/mo more than renting one — the widest that gap has been in this data.
That is $9,135 a month against $3,114 rent: a $6,062 mortgage payment, plus $1,837 property tax and $1,236 insurance & upkeep.
Owning vs renting — Montclair
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$9,135
- Renting$3,114
- Mortgage only$6,062
Property tax · $1,837/mo 1.91% of value a year — the ACS 2020-2024 median bill over the median home value for Essex County, NJ
Insurance & upkeep · $1,236/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Montclair, Essex County, New Jersey
Montclair is a township of 40,921 people in Essex County. Half its households earn more than $151,075 a year and half less, against $80,789 across Essex County; 8% of its people live below the poverty line. 57% of its homes are lived in by their owners and 43% are rented. Unemployment in Essex County was 5.7% in August 2026, and the county had 1.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Montclair is a township in Essex County with a population that skews neither especially young nor old. Household incomes run well above the county's, and the share of adults with a four-year degree is high. Most homes are lived in by their owners, though renters are a real part of the community, and typical home values and rents are both high.
Work. Residents work mostly in schools, hospitals and social care, followed by professional and business services, banks, insurance and property, and shops. Montclair State University and the Montclair Public School District are among the largest workplaces in town. Commutes are fairly long, and a good number of residents work from home.
Things to do. Winters are cold and summers are warm, with a fair amount of rain and melted snow across the year. For a day out, MetLife Stadium is a short drive away, while the Metropolitan Museum of Art and Central Park are a longer drive. The Statue of Liberty, one of the best-known tourist attractions in the country, is also a longer drive away.
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- 15,726households
- 74%of adults have a degree
- 8%below the poverty line
- 36 mintypical commute
- 36%work from home
What residents work in
Employed residents by industry, from the Census survey. Essex County had 353,038 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 21°; warmest in July, with highs near 86° and lows near 64°. About 49 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Essex Fells Service Bldg weather station, 4 miles away (NOAA).
Largest workplaces in Montclair
- Montclair State UniversityUniversity or college3,662
- Montclair Public School DistrictSchool district1,019FTE
- RPM ManagementConstruction management, multifamily building185
- SNR LogisticsBicycle courier110
- D&T LogisticsExpress delivery services90
- MontclairMail and parcel delivery84
- Acme MarketsSupermarkets and other grocery stores82
- Acme MarketsSupermarkets and other grocery stores67
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 7 workplaces with 20 or more staff, 658 people in all. Colleges come from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- Winter weatherVery high
- Heat wavesRelatively high
- Inland floodingRelatively high
- Cold wavesRelatively high
- TornadoesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Essex County, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Essex County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Montclair home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Montclair$1,154,955
- New Jersey$575,123
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 6 Montclair listings, and the typical home goes pending in 12 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Montclair15.44%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Montclair12
- United States21
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Montclair56
New listings per month
Sellers arriving at the market.
- Montclair23
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Montclair$1,034,212
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Montclair125.64%
Zip codes with a Montclair address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Montclair — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Montclair
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 07042 | Montclair | 27,326 | $3,071 | $934,118 |
| 07043 | Montclair | 13,256 | $3,778 | $1,391,953 |