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Montclair

Learn about the people, housing, costs and businesses in Montclair, Virginia

Median Home$573,575
Median Rent$2,468/month
Population22,387
Leading IndustriesArts, Food & Hospitality · Healthcare · Education15% arts, food & hospitality
Home Value Growth⬆⬆⬆+25.0% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners89% of occupied units
NotableVeteran Community18% of residents · top 1% nationally
NotableHigh Incomes$155k/year · top 3% nationally
Montclair
VA

Frequently Asked Questions

What are today's mortgage rates in Montclair?

As of today, the 30-year fixed mortgage rate for Montclair is approximately 6.836% (6.870% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Montclair?

The median home value in Montclair is $574k. The median monthly rent is $2,468. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montclair?

Home values in Montclair have increased 25.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Montclair?

Based on a typical all-in ownership cost of $2,408/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $103k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montclair is $155k/year.

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What industries drive the economy in Montclair?

The largest employment sectors in Montclair are public administration (22%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.