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Stanhope

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

Median Home$376,700
Median Rent$1,964/month
Population3,552
Leading IndustriesArts, Food & Hospitality · Manufacturing · Information & Media9% arts, food & hospitality
Home Value Growth⬆⬆+16.6% over 2 years
Family-Friendly23% of residentsslightly above average
Homeowners86% of occupied units
NotableHighly Educated28% bachelor's · 12% graduate · top 7% nationally
NotableHigh Incomes$139k/year · top 12% nationally
Stanhope Borough
NJ

Frequently Asked Questions

What are today's mortgage rates in Stanhope?

As of today, the 30-year fixed mortgage rate for Stanhope is approximately 6.934% (6.971% 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 Stanhope?

The median home value in Stanhope is $377k. The median monthly rent is $1,964. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Stanhope?

Home values in Stanhope have increased 16.6% 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 Stanhope?

Based on a typical all-in ownership cost of $2,220/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $95k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Stanhope is $139k/year.

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What industries drive the economy in Stanhope?

The largest employment sectors in Stanhope are public administration (24%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.