Hopatcong, NJ—07843
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hopatcong, NJ
As of Oct '25, the median home price in Hopatcong, NJ is $443,000, with a year-over-year change of 7.8%. This indicates that home prices in Hopatcong, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $443,000 | 7.8% |
| Single Family | $444,000 | 8.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $279,000 | 3.7% |
2 Bed | $347,000 | 5.5% |
3 Bed | $464,000 | 7.2% |
4 Bed | $520,000 | 7.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hopatcong, NJ
As of July '25, Rentcast reports the average rent in Hopatcong, NJ is $2,840, with a year-over-year rent change of -17.9%. Per bedroom, the median rent as of July '25 in Hopatcong, NJ is 1-bedrooms: $1,630, 2-bedrooms: $2,930, 3-bedrooms: $2,720, 4-bedrooms: $6,000. The most common rental property sizes in Hopatcong, NJ are 2-bedroom and 3-bedroom, accounting for 34.2% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,630 |
| 2 Bed Rent | $2,500 | $2,930 |
| 3 Bed Rent | $2,700 | $2,720 |
| 4 Bed Rent | $6,000 | $6,000 |
% of Rental Stock
Property Listings — Hopatcong, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Hopatcong, NJ is 36. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 8.0% |
Listing Count | 66 | 34.0% |
| Listings as % of Homes | 1.0% | 34.0% |
Days on Market | 36 | 11.0% |
Demographics — Hopatcong, NJ
As of the latest ACS Survey released in 2023, Hopatcong, NJ has a population of 11,300, which has decreased by -1.2% over the past 5 years. Hopatcong, NJ is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 33.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | -1.2% |
% Under 18 | 19.3% | 4.3% |
% Seniors | 13.4% | 8.9% |
% WFH | 12.7% | 284.8% |
% w/ College Degree | 33.5% | 21.4% |
As of the latest ACS Survey released in 2023, Hopatcong, NJ is a predominantly white area, with 69.5% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Hopatcong, NJ is hispanic, making up 21.0% of the population. Foreign-born residents account for 14.6% of the population in Hopatcong, NJ, and this percentage has increased by 9.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.5% | -10.9% |
% Black | 3.1% | -27.9% |
% Hispanic | 21.0% | 39.1% |
% Asian | 3.6% | 9.1% |
% Foreign Born | 14.6% | 9.8% |
Mortgage and Risk — Hopatcong, NJ
According to HUD data as of 2023, there were 373 mortgage originations in Hopatcong, NJ, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Hopatcong, NJ. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 373 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Hopatcong, NJ
As of 2024, the percent of homes in Hopatcong, NJ under the Section 8 program is 5.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Hopatcong, NJ, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,700 | $1,880 |
| 2 Bedroom | -$230 | $2,500 | $2,270 |
| 3 Bedroom | $160 | $2,700 | $2,860 |
| 4 Bedroom | -$2,750 | $6,000 | $3,250 |
Affordability — Hopatcong, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $443,000 |
| Median Household Income | $111,000 |