The typical owner-occupied home in Montvale is worth about $255,900, 33% below the Virginia median of $383,700 and 23% below the national median of $332,700. Owners pay a median $1,059 a year in property taxes, about 0.41% of their home's value, lower than the Virginia rate of 0.73%. 63% of occupied homes here are lived in by their owners, and 86% of those owners still have a mortgage.
Montvale at a glance
| Montvale | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $255,900 | $383,700 | $332,700 |
| Median property tax paid per year | $1,059 | $2,790 | $3,119 |
| Property tax as a share of value | 0.41% | 0.73% | 0.94% |
| Median household income | – | $93,170 | $80,734 |
| Homes lived in by their owners | 63% | 67% | 65% |
| Owner homes with a mortgage | 86% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,528 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 20.1% | 21.0% |
| Median rent | – | $1,579 | $1,413 |
| Rent as a share of renters' income | 13.3% | 29.4% | 30.6% |
| Median year homes were built | 1982 | 1984 | 1980 |
| Vacant homes | 15.2% | 8.7% | 10.1% |
| Population | 351 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Montvale
At this week's average 30-year rate of 7.11%, buying the median Montvale home of $255,900 with 20% down costs about $1,571 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,998, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $67,338 for the 20%-down payment.
| Down payment | $51,180 |
|---|---|
| Loan amount | $204,720 |
| Principal and interest | $1,377 |
| Property taxes (0.41% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $107 |
| PMI | $0 |
| Total per month | $1,571 |
Change the numbers in the calculator
| Down payment | $8,956 |
|---|---|
| Loan amount | $251,265 |
| Principal and interest | $1,690 |
| Property taxes (0.41% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $107 |
| FHA mortgage insurance | $113 |
| Total per month | $1,998 |
Change the numbers in the calculator
Questions about home buying in Montvale
What is the median home value in Montvale?
About $255,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Montvale?
Homeowners pay a median $1,059 a year, which is about 0.41% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Montvale?
For the median home with 20% down at 7.11%, the payment is about $1,571 a month. Keeping that under 28% of gross income takes about $67,338 a year.
More about Montvale
- Mortgage Refinance in Montvale
- Debt Relief in Montvale
- Home Equity Loans in Montvale
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data