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Affordable
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These days, finding an affordable place to live in the Stanhope area can be challenging. Home prices in Stanhope are now at a median cost of $383,413, lower than the New Jersey average of $496,577.
The average cost of rent is $1,796/mo in Stanhope, primarily driven by the current value of real estate in the Stanhope area. In Stanhope, 11.29% of households rent, and 27.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Stanhope is $11,653 per month. Households that rent pay about 15.41% of their income on rent here. Stanhope’s most expensive areas are in the southwestern 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
- Netcong, NJ: less expensive homes
- Waterloo, NJ: equally priced homes
- Budd Lake, NJ: higher priced homes
- Landing, NJ: higher priced homes
- Hopatcong, NJ: less expensive homes
- Ledgewood, NJ: higher priced homes
- Mount Arlington, NJ: higher priced homes
- Flanders, NJ: higher priced homes
- Andover, NJ: higher priced homes
- Succasunna, NJ: higher priced homes
Cities with Similar Populations
- Baxter, TN: less expensive homes
- Apalachin, NY: less expensive homes
- Apple Creek, OH: less expensive homes
- Ardmore, AL: less expensive homes
- Armonk, NY: higher priced homes
- Arnaudville, LA: less expensive homes
- Ashland, NJ: equally priced homes
- Atascosa, TX: less expensive homes
- Aumsville, OR: equally priced homes
- Averill Park, NY: less expensive homes
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