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Affordable
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These days, finding an affordable place to live in the Mount Hope area can be challenging. Home prices in Mount Hope are now at a median cost of $356,600, lower than the New Jersey average of $496,577.
The average cost of rent is $1,854/mo in Mount Hope, primarily driven by the current value of real estate in the Mount Hope area. In Mount Hope, 3.46% of households rent, and 12.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Hope is $9,053 per month. Households that rent pay about 20.48% of their income on rent here. Mount Hope’s most expensive areas are in the western regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wharton, NJ: higher priced homes
- Lake Hopatcong, NJ: higher priced homes
- Hurdtown, NJ: higher priced homes
- Rockaway, NJ: higher priced homes
- Mount Arlington, NJ: higher priced homes
- Dover, NJ: equally priced homes
- Hibernia, NJ: higher priced homes
- Hopatcong, NJ: equally priced homes
- Mine Hill, NJ: higher priced homes
- Lake Telemark, NJ: higher priced homes
Cities with Similar Populations
- Linwood, AL: less expensive homes
- Simpkins, VA: less expensive homes
- Silvertown, GA: less expensive homes
- Silver Gate, MT: higher priced homes
- Seneca, NM: less expensive homes
- Lorenton, PA: less expensive homes
- Loma, ND: less expensive homes
- Lodi, AR: less expensive homes
- Lochiel, AZ: equally priced homes
- Lochgelly, WV: less expensive homes
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