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Lake Hopatcong

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

Median Home$426,091
Median Rent$1,664/month
Population10,164
Leading IndustriesTransportation · Healthcare · Arts, Food & Hospitality4% transportation
Home Value Growth⬆⬆+15.8% over 2 years
Retirees22% of residentsnear the national average
Homeowners92% of occupied units
NotableHighly Educated31% bachelor's · 13% graduate · top 7% nationally
NotableHigh Incomes$121k/year · top 9% nationally
Lake Hopatcong
NJ

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lake Hopatcong?

As of today, the 30-year fixed mortgage rate for Lake Hopatcong is approximately 6.860% (6.895% 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 Lake Hopatcong?

The median home value in Lake Hopatcong is $426k. The median monthly rent is $1,664. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Hopatcong?

Home values in Lake Hopatcong have increased 15.8% 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 Lake Hopatcong?

Based on a typical all-in ownership cost of $2,040/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Hopatcong is $121k/year.

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What industries drive the economy in Lake Hopatcong?

The largest employment sectors in Lake Hopatcong are public administration (24%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.