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Montclair State University

Learn about the people, housing, costs and businesses in Montclair State University, New Jersey

Median Home$406,615
Median Rent$2,396/month
Population2,676
Leading IndustriesPublic Administration · Transportation46% public administration
Home Value Growth⬆⬆+17.7% over 2 years
Young Adults79% of residentstop 1% nationally
Homeowners73% of occupied units
NotableTransit98/100 · excellent transit access
NotableHighly Educated43% bachelor's · 16% graduate · top 1% nationally
Montclair State University
NJ

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Montclair State University?

As of today, the 30-year fixed mortgage rate for Montclair State University is approximately 6.851% (6.886% 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 State University?

The median home value in Montclair State University is $407k. The median monthly rent is $2,396. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montclair State University?

Home values in Montclair State University have increased 17.7% 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 State University?

Based on a typical all-in ownership cost of $2,532/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $109k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montclair State University is $129k/year.

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What industries drive the economy in Montclair State University?

The largest employment sectors in Montclair State University are public administration (46%) and healthcare (6%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.