Market Overview
Home Prices in Montague Township, NJ
The median home value in Montague Township, NJ is $319,473 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montague Township are priced22% below average. Montague Township is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Montague Township home values have risen by approximately34.1%, reflecting strong long-term appreciation in this market.
Price History
Montague Township Home Price Trend
City Comparison
Montague Township vs. National Median
At $319,473, homes in Montague Township cost 22% below the national median of $410,000. This makes Montague Township a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Montague Township?
20% Down Payment
$63,895
on $319,473
Monthly P&I
$1,666/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,116/mo
incl. taxes & insurance
Income Needed
$84,640
gross annual (30% rule)
10% Down Option
$31,947
+ PMI applies
Loan Amount (20% dn)
$255,578
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Montague Township, NJ?
The median home value in Montague Township is $319,473 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Montague Township?
Over the past year, home values in Montague Township have increased by 4.5%. Over five years, prices have risen approximately 34.1%.
How much do I need to earn to buy a home in Montague Township?
To comfortably afford the median home price of $319,473 with a 20% down payment ($63,895) at today's rates (6.8%), you'd need a gross annual income of approximately $84,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Montague Township compare to the national average home price?
The national median home value is approximately $410,000. At $319,473, homes in Montague Township are 22% below the national average.
What metro area is Montague Township part of?
Montague Township is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.