Stanhope, NJ—07874
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Stanhope, NJ
As of Oct '25, the median home price in Stanhope, NJ is $438,000, with a year-over-year change of 3.7%. This indicates that home prices in Stanhope, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $438,000 | 3.7% |
| Single Family | $451,000 | 3.4% |
| Condos | $275,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $274,000 | 3.4% |
2 Bed | $343,000 | 3.9% |
3 Bed | $461,000 | 4.3% |
4 Bed | $531,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Stanhope, NJ
As of July '25, Rentcast reports the average rent in Stanhope, NJ is $2,540, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Stanhope, NJ is 1-bedrooms: $2,000, 2-bedrooms: $2,000, 3-bedrooms: $3,310. The most common rental property sizes in Stanhope, NJ are 3-bedroom and 1-bedroom, accounting for 45.5% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $2,000 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $3,250 | $3,310 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Stanhope, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Stanhope, NJ is 32. This is a decrease of -18.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | 2.0% |
Listing Count | 28 | -10.0% |
| Listings as % of Homes | 0.5% | -10.0% |
Days on Market | 32 | -18.0% |
Demographics — Stanhope, NJ
As of the latest ACS Survey released in 2023, Stanhope, NJ has a population of 8,500, which has increased by 2.6% over the past 5 years. Stanhope, NJ is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,500 | 2.6% |
% Under 18 | 20.4% | -5.6% |
% Seniors | 14.8% | -3.9% |
% WFH | 14.8% | 410.3% |
% w/ College Degree | 39.5% | 5.1% |
As of the latest ACS Survey released in 2023, Stanhope, NJ is a predominantly white area, with 74.4% of the population identifying as white. The white population has shrunk by 12.2% in the last 5 years. The second most common race or ethnicity in Stanhope, NJ is hispanic, making up 18.3% of the population. Foreign-born residents account for 10.5% of the population in Stanhope, NJ, and this percentage has increased by 14.1% 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 | 74.4% | -12.2% |
% Black | 2.0% | -4.8% |
% Hispanic | 18.3% | 103.3% |
% Asian | 1.8% | -5.3% |
% Foreign Born | 10.5% | 14.1% |
Mortgage and Risk — Stanhope, NJ
According to HUD data as of 2023, there were 135 mortgage originations in Stanhope, NJ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Stanhope, NJ. Investor activity is low, as 2.0% 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 | 135 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Stanhope, NJ
Stanhope, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,800 | $2,110 |
| 2 Bedroom | $550 | $2,000 | $2,550 |
| 3 Bedroom | -$40 | $3,250 | $3,210 |
| 4 Bedroom | N/A | N/A | $3,650 |
Affordability — Stanhope, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $438,000 |
| Median Household Income | $126,000 |