US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 07645
  5. Housing & Real Estate
Montvale borough, NJ

ZIP 07645 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07645

Median Home Value
$688,500
Median Rent
$2,123
Affordability Snapshot
$190,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,423/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07645 in Montvale borough, NJ, a household would need roughly $190,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,423. That is roughly in line with the local median household income ($183,664). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
84.1%+29% vs US avg
x
Vacancy Rate
3.2%-69% vs US avg
x
Broadband Access
99.3%+14% vs US avg
x
4+ Bedrooms
10.6%-28% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
39.0%-22% vs US avg
x
Mortgage-Free
32.5%-15% vs US avg
x
$688,500
Home Value
$2,123
Rent
1968
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.3%
  • 1-unit attached13.5%
  • 2-9 units16.2%
  • 10+ units6.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$688,500
Median rent$2,123
Owner-occupied84.1%
Vacant3.2%
Price-to-income3.7x
Est. income to buy$190,000