Montclair, Virginia Housing Market Prices
Montclair Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 73% above the Virginia median$442,064
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Median rent 50% above the Virginia median$2,365
Housing Market Overview
| Metric | Montclair | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $442,064 | $256,082 | $248,835 |
| Price Trend (Annual %) | 6.1% | 3.5% | 7.5% |
| Median Gross Rent | $2,365 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montclair is about 73% higher than in Virginia. Rent is about 50% higher than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Montclair, up about 6.1% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Montclair rose about 20.3% between 2015 and 2024, from $1,966 to $2,365. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Montclair.
Buying the median-priced home in Montclair costs roughly 15.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Montclair. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Montclair | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $442,064 | $256,082 | $248,835 |
| Median Household Income | $156,871 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montclair rose about 55.9%, while median household income rose about 25.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Montclair | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 86.3% | 61.5% | 58.5% |
| Rental Rate | 11.1% | 29.8% | 31.2% |
| Vacancy Rate | 2.6% | 8.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Montclair has a homeownership rate of 86.3%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 2.6%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Montclair | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.08 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1995 | 1982 | 1978 |
| Median Number of Rooms | 8.1 | 6.0 | 5.5 |
The typical housing unit in Montclair was built around 1995. On average, 3.1 people live in a home with about 8.1 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Montclair, Virginia.
What is the median home price in Montclair, Virginia?
The median home price in Montclair, Virginia is $442,064, higher than the Virginia average of $256,082.
What is the average home price in Montclair, Virginia?
The typical home price in Montclair, Virginia, reported as the median sale price, is $442,064. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Montclair, Virginia?
The median gross rent in Montclair, Virginia is $2,365 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Montclair in 2020?
In 2020, the median gross rent in Montclair, Virginia was $2,089 per month.
What is the price-to-rent ratio in Montclair, Virginia?
The price-to-rent ratio in Montclair, Virginia is about 15.6, meaning it would take roughly 15.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Montclair.
Are home prices or rent rising faster in Montclair, Virginia?
Both home prices and rent are rising in Montclair, up about 6.1% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Montclair, Virginia?
86.3% of households in Montclair, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Montclair, Virginia?
The housing vacancy rate in Montclair, Virginia is 2.6%, lower than the Virginia average of 8.7%.
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