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Affordable
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These days, finding an affordable place to live in the Hope area can be challenging. Home prices in Hope are now at a median cost of $437,928, lower than the New Jersey average of $496,577.
The average cost of rent is $1,460/mo in Hope, primarily driven by the current value of real estate in the Hope area. In Hope, 10.81% of households rent, and 37.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hope is $9,267 per month. Households that rent pay about 15.75% of their income on rent here. Hope’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Hermon, NJ: equally priced homes
- Great Meadows, NJ: equally priced homes
- Blairstown, NJ: equally priced homes
- Buttzville, NJ: less expensive homes
- Vienna, NJ: higher priced homes
- Columbia, NJ: less expensive homes
- Hampton, NJ: equally priced homes
- Delaware, NJ: less expensive homes
- Hardwick, NJ: equally priced homes
- Panther Valley, NJ: equally priced homes
Cities with Similar Populations
- Hahn, MO: less expensive homes
- Heart Lake, PA: less expensive homes
- Wilton Center, IL: equally priced homes
- Hassell, NC: less expensive homes
- Harmony Grove, TN: less expensive homes
- Harmony, GA: less expensive homes
- Harlem Springs, OH: less expensive homes
- Hardesty, OK: less expensive homes
- Hannover, ND: less expensive homes
- Hanersville, OH: less expensive homes
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