Lake Hopatcong, NJ—07849
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Hopatcong, NJ
As of Oct '25, the median home price in Lake Hopatcong, NJ is $515,000, with a year-over-year change of 2.3%. This indicates that home prices in Lake Hopatcong, NJ are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $515,000 | 2.3% |
| Single Family | $518,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $375,000 | 0.8% |
3 Bed | $517,000 | 3.2% |
4 Bed | $750,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Hopatcong, NJ
As of July '25, Rentcast reports the average rent in Lake Hopatcong, NJ is $2,740, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Lake Hopatcong, NJ is 2-bedrooms: $2,150, 3-bedrooms: $5,000, 4-bedrooms: $3,100. The most common rental property sizes in Lake Hopatcong, NJ are 1-bedroom and 2-bedroom, accounting for 44.9% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,250 | $2,150 |
| 3 Bed Rent | $5,000 | $5,000 |
| 4 Bed Rent | $2,800 | $3,100 |
% of Rental Stock
Property Listings — Lake Hopatcong, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Hopatcong, NJ is 48. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $559,000 | 34.0% |
Listing Count | 45 | 79.0% |
| Listings as % of Homes | 0.9% | 79.0% |
Days on Market | 48 | -19.0% |
Demographics — Lake Hopatcong, NJ
As of the latest ACS Survey released in 2023, Lake Hopatcong, NJ has a population of 8,480, which has decreased by -4.9% over the past 5 years. Lake 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 44.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,480 | -4.9% |
% Under 18 | 19.3% | -2.5% |
% Seniors | 22.8% | 93.2% |
% WFH | 10.6% | 253.3% |
% w/ College Degree | 44.0% | 11.4% |
As of the latest ACS Survey released in 2023, Lake Hopatcong, NJ is a predominantly white area, with 72.7% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Lake Hopatcong, NJ is hispanic, making up 10.9% of the population. Foreign-born residents account for 12.6% of the population in Lake Hopatcong, NJ, and this percentage has decreased by 16.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.7% | -10.1% |
% Black | 7.0% | 62.8% |
% Hispanic | 10.9% | 49.3% |
% Asian | 6.6% | -21.4% |
% Foreign Born | 12.6% | -16.6% |
Mortgage and Risk — Lake Hopatcong, NJ
According to HUD data as of 2023, there were 225 mortgage originations in Lake Hopatcong, NJ, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Lake Hopatcong, NJ. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 225 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lake Hopatcong, NJ
Lake Hopatcong, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,850 |
| 2 Bedroom | -$10 | $2,250 | $2,240 |
| 3 Bedroom | -$2,180 | $5,000 | $2,820 |
| 4 Bedroom | $410 | $2,800 | $3,210 |
Affordability — Lake Hopatcong, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $515,000 |
| Median Household Income | $111,000 |