How Much Is My House, Home or Condo Worth? Property Values in Montvale | Latest Listing

Montvale is a borough in Bergen County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 7,844, reflecting an increase of 810 (+11.5%) from the 7,034 counted in the 2000 Census, which had in turn increased by 88 (+1.3%) from the 6,946 counted in the 1990 Census.

History

Montvale was incorporated as a borough on August 31, 1894, from portions of Orvil Township and Washington Township. The borough was formed during the "Boroughitis" phenomenon then sweeping through Bergen County, in which 26 boroughs were formed in the county in 1894 alone. On February 15, 1896, Montvale acquired part of Orvil Township. In 1906, Montvale added further land from Orvil and Washington townships, and in 1912, Montvale added territory from Upper Saddle River. On May 20, 1959, portions of Montvale were passed to River Vale, and on December 9 and 14, 1965, territories were exchanged between Montvale and Upper Saddle River. The borough's name is derived from its topography.

Montvale is nicknamed "The Pride of the Pascack Valley".

Geography

According to the United States Census Bureau, the borough had a total area of 4.03 square miles (10.45  km² ), including 4.02 square miles (10.42  km² ) of land and 0.01 square miles (0.03  km² ) of water (0.25%).

The borough borders six neighboring municipalities: Park Ridge, River Vale, Upper Saddle River and Woodcliff Lake in Bergen County and both Pearl River (in the Town of Orangetown) and Chestnut Ridge (in the Town of Ramapo) in Rockland County, New York.

Unincorporated communities, localities and place names located partially or completely within the township include Chestnut Ridge.

Montvale is served by the Garden State Parkway at exits 171 and 172, as well as the New York State Thruway in Chestnut Ridge.

Demographics

2010 Census

The Census Bureau's 2006-2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income was $111,633 (with a margin of error of +/- $13,448) and the median family income was $140,026 (+/- $14,508). Males had a median income of $100,000 (+/- $13,987) versus $55,000 (+/- $4,957) for females. The per capita income for the borough was $53,974 (+/- $7,262). About 3.6% of families and 5.3% of the population were below the poverty line, including 10.4% of those under age 18 and 1.5% of those age 65 or over.

Same-sex couples headed 10 households in 2010, an increase from the 8 counted in 2010.

2000 Census

As of the 2000 United States Census there were 7,034 people, 2,509 households, and 1,999 families residing in the borough. The population density was 1,769.8 people per square mile (684.1/km² ). There were 2,590 housing units at an average density of 651.7 per square mile (251.9/km² ). The racial makeup of the borough was 92.79% White, 0.44% African American, 0.09% Native American, 5.36% Asian, 0.63% from other races, and 0.70% from two or more races. Hispanic or Latino of any race were 3.09% of the population.

There were 2,509 households, out of which 37.7% had children under the age of 18 living with them, 71.4% were married couples living together, 6.1% had a female householder with no husband present, and 20.3% were non-families. 17.4% of all households were made up of individuals, and 7.3% had someone living alone who was 65 years of age or older. The average household size was 2.80 and the average family size was 3.18.

In the borough the population was spread out, with 25.9% under the age of 18, 5.5% from 18 to 24, 27.7% from 25 to 44, 28.2% from 45 to 64, and 12.6% who were 65 years of age or older. The median age was 40 years. For every 100 females, there were 97.1 males. For every 100 females age 18 and over, there were 93.4 males.

The median income for a household in the borough was $93,031, and the median income for a family was $104,047. Males had a median income of $80,355 versus $37,440 for females. The per capita income for the borough was $45,448. About 0.9% of families and 0.9% of the population were below the poverty line, including 0.4% of those under age 18 and 1.0% of those age 65 or over.

Economy

Montvale is home to the corporate headquarters of numerous major companies including the former Japanese firm, Sharp Corporation (Sharp US Headquarters) and Benjamin Moore. In January 2015, Mercedes-Benz USA announced that they would be moving their headquarters from New Jersey to the Atlanta area later that year. The company