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Hopewell, NJ—08525

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$647,000
0.4% YoY Growth
Household Income
$158,000
21.7% YoY Growth
Days on Market
95
12.0% Shorter YoY
Home Price Forecast
2.1%
Median Rent
$1,750
15.8% YoY Growth
1-Bed Rent
$1,700
N/A
2-Bed Rent
$1,750
15.4% YoY Growth
3-Bed Rent
$2,600
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hopewell, NJ

As of Dec '25, the median home price in Hopewell, NJ is $647,000, with a year-over-year change of -0.4%. This indicates that home prices in Hopewell, NJ are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$647,000-0.4%
Single Family $650,000-0.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$612,0000.5%
    4 Bed
    		$811,0000.2%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    6.0%
    2 Bedrooms
    16.9%
    3 Bedrooms
    46.7%
    4 Bedrooms
    24.9%
    5+ Bedrooms
    4.8%

    Rental Trends — Hopewell, NJ

    As of July '25, Rentcast reports the average rent in Hopewell, NJ is $2,180, with a year-over-year rent change of -15.8%. Per bedroom, the median rent as of July '25 in Hopewell, NJ is 1-bedrooms: $1,700, 2-bedrooms: $2,190, 3-bedrooms: $2,600. The most common rental property sizes in Hopewell, NJ are 2-bedroom and 1-bedroom, accounting for 60.6% and 17.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,750$2,180
    Studio Rent N/AN/A
    1 Bed Rent $1,700$1,700
    2 Bed Rent $1,750$2,190
    3 Bed Rent $2,600$2,600
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    4.4%
    1 Bedroom
    17.9%
    2 Bedrooms
    60.6%
    3 Bedrooms
    10.9%
    4 Bedrooms
    6.2%

    Property Listings — Hopewell, NJ

    As of Dec '25, Realtor.com reports that the median days on market for a home in Hopewell, NJ is 61. This is a decrease of -8.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$818,00027.0%
    Listing Count
    		15-30.0%
    Listings as % of Homes0.7%-30.0%
    Days on Market
    		95-12.0%
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    Demographics — Hopewell, NJ

    As of the latest ACS Survey released in 2023, Hopewell, NJ has a population of 4,570, which has decreased by -4.6% over the past 5 years. Hopewell, NJ is a moderately popular place for families, as children make up 18.2% of the population. The area has a highly educated workforce, with 63.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,570-4.6%
    % Under 18
    		18.2%-8.5%
    % Seniors
    		17.0%-1.7%
    % WFH
    		19.5%126.7%
    % w/ College Degree
    		63.1%0.2%
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    As of the latest ACS Survey released in 2023, Hopewell, NJ is a predominantly white area, with 79.1% of the population identifying as white. The white population has shrunk by 14.8% in the last 5 years. The second most common race or ethnicity in Hopewell, NJ is hispanic, making up 10.1% of the population. Foreign-born residents account for 16.1% of the population in Hopewell, NJ, and this percentage has increased by 140.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		79.1%-14.8%
    % Black
    		3.3%106.2%
    % Hispanic
    		10.1%206.1%
    % Asian
    		3.1%55.0%
    % Foreign Born
    		16.1%140.3%
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    Mortgage and Risk — Hopewell, NJ

    According to HUD data as of 2023, there were 111 mortgage originations in Hopewell, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Hopewell, NJ. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		111
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — Hopewell, NJ

    Hopewell, NJ lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		2
    Total Units Section 8
    		2
    % Rentals under Section 8
    		1.1%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$220$1,700$1,920
    2 Bedroom$680$1,750$2,430
    3 Bedroom$330$2,600$2,930
    4 BedroomN/AN/A$3,280

    Affordability — Hopewell, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$647,000
    Median Household Income$158,000

    Hopewell, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions