Montvale, NJ Real Estate
According to census data in the year 2000 there were 2,590 housing units in Montvale.
This represents a 6.2% growth from 2,439 in 1990.
Of those housing units, 2,590 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Montvale is about 85.1%.
Montvale's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.8 people.
The majority of houses, apartments or condos in Montvale were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 11.40% |
| Two Bedrooms | 13.10% |
| Three Bedrooms | 31.90% |
| Four Bedrooms | 26.90% |
| Five Bedrooms or more | 16.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.93 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $346,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1962 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.70% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 52.40% |
| Debt Free | 27.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.8% |
