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Hopelawn

Learn about the people, housing, costs and businesses in Hopelawn, New Jersey

Median Home$348,800
Median Rent$1,544/month
Population2,453
Leading IndustriesHealthcare · Public Administration · Arts, Food & Hospitality13% healthcare
Home Value Growth+10.7% over 2 years
Retirees21% of residentsnear the national average
Homeowners52% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAmenity Score68/100 · highly walkable area
Hopelawn
NJ

Frequently Asked Questions

What are today's mortgage rates in Hopelawn?

As of today, the 30-year fixed mortgage rate for Hopelawn is approximately 6.939% (6.977% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hopelawn?

The median home value in Hopelawn is $349k. The median monthly rent is $1,544. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hopelawn?

Home values in Hopelawn have increased 10.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hopelawn?

Based on a typical all-in ownership cost of $1,663/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hopelawn is $83k/year.

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What industries drive the economy in Hopelawn?

The largest employment sectors in Hopelawn are public administration (27%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.