Hopewell, NJ—08525
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hopewell, NJ
As of Oct '25, the median home price in Hopewell, NJ is $651,000, with a year-over-year change of 0.1%. This indicates that home prices in Hopewell, NJ are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $651,000 | 0.1% |
| Single Family | $654,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $618,000 | 0.8% |
4 Bed | $815,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $2,180 |
| Studio Rent | N/A | N/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/A | N/A |
% of Rental Stock
Property Listings — Hopewell, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Hopewell, NJ is 70. This is a increase of 4.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $822,000 | 14.0% |
Listing Count | 15 | -21.0% |
| Listings as % of Homes | 0.7% | -21.0% |
Days on Market | 70 | 4.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,700 | $1,920 |
| 2 Bedroom | $680 | $1,750 | $2,430 |
| 3 Bedroom | $330 | $2,600 | $2,930 |
| 4 Bedroom | N/A | N/A | $3,280 |
Affordability — Hopewell, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $651,000 |
| Median Household Income | $158,000 |