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These days, finding an affordable place to live in the Lake Hopatcong area can be challenging. Home prices in Lake Hopatcong are now at a median cost of $435,765, lower than the New Jersey average of $496,577.
The average cost of rent is $1,751/mo in Lake Hopatcong, primarily driven by the current value of real estate in the Lake Hopatcong area. In Lake Hopatcong, 8.72% of households rent, and 31.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Hopatcong is $10,038 per month. Households that rent pay about 17.44% of their income on rent here. Lake Hopatcong’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern 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 Hope, NJ: less expensive homes
- Hopatcong, NJ: less expensive homes
- Hurdtown, NJ: equally priced homes
- Mount Arlington, NJ: equally priced homes
- Wharton, NJ: equally priced homes
- Landing, NJ: equally priced homes
- Lake Mohawk, NJ: higher priced homes
- Sparta, NJ: higher priced homes
- Kenvil, NJ: equally priced homes
- Mine Hill, NJ: equally priced homes
Cities with Similar Populations
- Richmond Heights, FL: equally priced homes
- Monrovia, MD: higher priced homes
- Montgomery, NY: equally priced homes
- Morgan, UT: higher priced homes
- Morrilton, AR: less expensive homes
- Moscow Mills, MO: less expensive homes
- Purcell, OK: less expensive homes
- Putnam Valley, NY: higher priced homes
- Rapid Valley, SD: less expensive homes
- Redding, CT: higher priced homes
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