Montclair, NJ Real Estate
According to census data in the year 2000 there were 15,607 housing units in Montclair.
This represents a 3.6% growth from 15,069 in 1990.
Of those housing units, 15,607 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Montclair is about 56.8%.
Montclair's vacancy rate, including seasonal lodging, is about 3.2%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Montclair were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 21.70% |
| Two Bedrooms | 21.90% |
| Three Bedrooms | 20.80% |
| Four Bedrooms | 15.80% |
| Five Bedrooms or more | 17.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.97 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $317,500 |
| Median Price asked for vacant units | $279,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $900 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7.60% |
| Home Equity Loan | 12.80% |
| Simple Mortgage | 57.10% |
| Debt Free | 22.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.3% |
