The Most Affordable Neighborhoods in Lake Hopatcong, NJ by Home Value

 

Lake Hopatcong, NJ Map of Most Affordable Neighborhoods
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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 $372,929, lower than the New Jersey average of $388,929.

The average cost of rent is $1,448/mo in Lake Hopatcong, primarily driven by the current value of real estate in the Lake Hopatcong area. While nearly 31.02% of residents own their homes outright in Lake Hopatcong, 12.90% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lake Hopatcong is $9,669 per month. Households that rent pay about 14.98% of their income on rent here. Lake Hopatcong's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.


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