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Upper Montclair, NJ Home Values and Rents
The median home value in Upper Montclair is $989,000, 28th highest of 542 cities and towns in New Jersey. Median rent is $2,237 a month.
- Median home value
- $989,000
- 28th of 542 in NJ
- Median rent
- $2,237/mo
- ACS 2020-2024
- Price change, 1 year
- +5.8%
- County index, 2025
- Homeownership
- 85.8%
- NJ: 63.8%
Home sale prices in the New York-Newark-Jersey City, NY-NJ area
Zillow median sale price, Sep 2026
$691,507+4.8% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Essex County home price trend
FHFA annual House Price Index for Essex County, 2000 = 100, compared with New Jersey
Show as a table
| Period | Essex County |
|---|---|
| 2025 | 316 |
| 2024 | 299 |
| 2023 | 273 |
| 2022 | 246 |
| 2021 | 220 |
| 2020 | 200 |
| 2019 | 193 |
| 2018 | 186 |
| 2017 | 181 |
| 2016 | 174 |
| 2015 | 169 |
| 2014 | 164 |
| 2013 | 156 |
| 2012 | 155 |
| 2011 | 159 |
Over five years, Essex County prices changed +58.2%, compared with +50.5% for New Jersey.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 07043 | $975,200 | $2,220 | +2.1% | +55.6% |
Fair Market Rents, FY2027
HUD rent standard for Newark, NJ HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,637 | +1.6% |
| 1 bedroom | $1,850 | +1.5% |
| 2 bedrooms | $2,233 | +1.3% |
| 3 bedrooms | $2,785 | +0.9% |
| 4 bedrooms | $3,188 | +1.6% |
Frequently asked questions
- What is the median home value in Upper Montclair, NJ?
- The median home value in Upper Montclair is $989,000, based on the American Community Survey 2020-2024 5-year estimates. The New Jersey median is $454,400.
- How much is rent in Upper Montclair?
- The median rent in Upper Montclair is $2,237 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $2,233.
- Are home prices going up in Upper Montclair?
- Home prices in Essex County changed +5.8% over one year and +58.2% over five years, as of 2025.
- How does Upper Montclair compare with the rest of New Jersey?
- Upper Montclair has the 28th highest median home value of 542 cities and towns with 1,000+ residents in New Jersey.
- Which ZIP code in Upper Montclair has the highest home values?
- ZIP code 07043 has the highest median home value at $975,200.