Montclair First-Time Homebuyer Report for October

Montclair has one of the fastest growing populations in Oakland with a 5.8% increase over the last 10 years. Despite being ranked first for growth, it's currently only ranked 23rd in terms of total population with 4,496 residents. Homes in Montclair are older than most with a median age of 50 years. Topping the list of best schools in the neighborhood is Montclair Elementary School.

Price Range

The median value of homes in Montclair is $704,361, making it one of the most valuable areas in Oakland. At the same time, the average list price of available homes is presently $1,041,467.

Typical Dwelling

A three-bedroom detached home valued around $1,047,628 is considered a typical dwelling in Montclair. If a buyer was looking for a similar home, they would need good credit and a $209,526 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $5,101 and the property tax rate is $7.10 per $1,000 of taxable assessed value.

Get started right now by checking out Montclair homes for sale or reviewing Montclair real estate trends.

Data reported through 10/13/2016


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