Similar to nearby areas, it's significantly more expensive compared to the entire nation. Compared to the city of New York, it's close to average.
Home prices
The median home in Montvale is valued at $619,400. Compared to its surrounding areas it is about $28,220 (4%) lower.It is about $401,900 (184%) higher in comparison to the rest of the country, and is roughly $13,400 (2%) higher in comparison to the city of New York.
Rents
In Montvale the median monthly rent is $1,833. It is roughly $71 (3%) lower in comparison to its nearby areas.It is approximately $771 (72%) higher compared to the United States as a whole, and is approximately $390 (27%) higher in comparison to the city of New York.
Nearby places
Park Ridge
Park Ridge is Montvale's neighbor to the south. Its housing prices are a bit less expensive. Park Ridge's median home price is $588,900, which comes out to $30,500 (5%) lower than Montvale. Its rents are a little less expensive. In Park Ridge the median monthly rent is $1,474, which works out to $359 (24%) lower than Montvale.
Woodcliff Lake
Woodcliff Lake is Montvale's neighbor to the south. The real estate prices there are a bit more expensive. The median home in Woodcliff Lake is valued at $812,300, which comes out to $192,900 (23%) higher than Montvale. Its rents are a bit more expensive. Woodcliff Lake's median monthly rent is $2,069, which comes out to $236 (11%) higher than Montvale.
Chestnut Ridge
Chestnut Ridge is Montvale's neighbor to the north. Housing prices there are somewhat less expensive. Chestnut Ridge's median home price is $494,800, which comes out to $124,600 (25%) lower than Montvale. Its rents are a little less expensive. Chestnut Ridge's median rent is $1,675 a month, which works out to $158 (9%) lower than Montvale.
Pearl River
Pearl River is Montvale's neighbor to the east. Its real estate prices are substantially less expensive. The median home value in Pearl River is $456,200, which works out to $163,200 (35%) lower than Montvale. Its rents are a little less expensive. The median monthly rent in Pearl River is $1,443, which works out to $390 (27%) lower than Montvale.
Upper Saddle River
Upper Saddle River is Montvale's neighbor to the west. Real estate prices there are somewhat more expensive. The median home price in Upper Saddle River is $885,900, which is $266,500 (30%) higher than Montvale. Rent there is a lot more expensive. In Upper Saddle River the median monthly rent is $2,859, which is $1,026 (35%) higher than Montvale.
