The story of this market
The typical home in ZIP 07042 sells for about $999,000, or $581 per square foot.
Prices are up +3.9% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $2,052 a month.
ZIP 07042 — Montclair
The Montclair housing market remains highly competitive with low inventory and strong demand, keeping prices elevated. While the median list price is near $1M, the market is characterized by rapid turnover and a high sale-to-list ratio, reflecting a persistent seller's market.
This ZIP is ideal for affluent families and professionals who prioritize high-quality schools, a vibrant cultural scene, and convenient transit access to Manhattan.
Median prices moved up 3.9% year over year.
Homes spend a median of 34 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 111% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 10.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 07042, Essex County, NJ
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Montclair is widely recognized for its high-quality public school system, which features a unique magnet school program that promotes diversity and specialized learning environments.
Montclair serves as a major residential hub for New York City commuters, benefiting from strong transit infrastructure and a vibrant, walkable downtown district that attracts significant retail and dining investment.
Property taxes in Montclair are administered at the municipal and county levels, with rates historically among the highest in New Jersey due to local school funding requirements and municipal services.
Residents benefit from direct NJ Transit train service to New York Penn Station and various bus lines, making it a premier location for Manhattan-bound commuters.
The area features extensive park systems including Brookdale Park and Anderson Park, alongside a dense, walkable downtown corridor with diverse shopping, dining, and cultural venues like the Montclair Art Museum.
The rental market is highly competitive with low vacancy rates, driven by the area's desirability for commuters and its proximity to New York City.
The local economy is anchored by professional services, education, and healthcare, with a significant portion of the workforce commuting to the New York City metropolitan area.
The area is well-served by NJ Transit's Montclair-Boonton Line, providing direct rail access to New York City, complemented by extensive local bus networks.
Development is primarily focused on transit-oriented, mixed-use residential projects near the downtown rail stations to accommodate high demand.
Parcels are subject to municipal, county, and school district taxes, with no specific MUD/PID districts commonly reported for this established urban area.
Data retrieved from data.census.gov ZCTA 07042 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- American Dream4.57.6 mi
- DreamWorks Water Park4.37.6 mi
- Nickelodeon Universe Theme Park4.57.5 mi
- Color Factory NYC4.412.7 mi
- Area 53 - Adventure Park4.516.9 mi
- American Dream4.57.6 mi
- MetLife Stadium4.57.2 mi
- Madison Square Garden4.712.5 mi
- Yankee Stadium4.715 mi
- Barclays Center4.515.7 mi
- Times Square4.712.6 mi
- Rockefeller Center4.713 mi
- Empire State Building4.712.9 mi
- American Dream4.57.6 mi
- MetLife Stadium4.57.2 mi
- The Metropolitan Museum of Art4.813.3 mi
- Rockefeller Center4.713 mi
- Empire State Building4.712.9 mi
- The Museum of Modern Art4.613 mi
- American Museum of Natural History4.612.8 mi
- 9/11 Memorial & Museum4.812.9 mi
- Bryant Park4.712.9 mi
- The High Line4.712 mi
- Washington Square Park4.612.9 mi
- Little Island4.711.9 mi
- Galloping Hill Golf Course4.410 mi
- 21 Golf Range Powered by Toptracer4.510.8 mi
- Puttery4.712.1 mi
- Five Iron Golf4.912.7 mi
- Baltusrol Golf Club4.710.1 mi
- American Dream4.57.6 mi
- Chelsea Market4.612.1 mi
- Macy's4.412.7 mi
- The Mills at Jersey Gardens4.511.4 mi
- Hudson Yards4.712 mi
- Newark Liberty International Airport3.79.4 mi
- LaGuardia Airport4.117.9 mi
- Teterboro Airport4.48.3 mi
- North Shore University Hospital Heliport4.626.9 mi
- Chico Express3.917.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A prominent cultural institution featuring American and Native American art.
A large, historic county park offering sports fields, walking paths, and community events.
The primary commercial artery of Montclair, featuring a wide array of restaurants, boutiques, and entertainment venues.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.