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Hope, NJ
Full City Profile · New Jersey · Morris County County
3.2
/5.0
B
Good
214
Population
293/sq mi density
$78,750
Median Income
$37,974 per capita
$312,500
Home Value
$464,617 Zillow
$1,303
Median Rent
19.2% income on rent
52°F
Avg Temperature
271 sunny days/yr
38
Violent Crime/100K
801 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$78,750 median income, 0.0% unemployment
A
Affordability
4.4 / 5.0
$312,500 home value, $1,303/mo rent
F
Safety
1.0 / 5.0
38 violent crimes/100K
C+
Education
2.7 / 5.0
21.3% bachelor's degree or higher
Housing Overview
Median Home Value
$312,500
11% above
US avg: $281,900
Median Rent
$1,303/mo
12% above
US avg: $1,163/mo
Homeownership Rate
54.3%
17% below US avg (65.4%)
Total Housing Units
110
Median year built: 1958
Home Value by Source
Census Median
$312,500
Zillow (ZHVI)
$464,617
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
54.3%
Owner-Occupied
45.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,303/mo
Affordability & Housing Stock
Rent Burden
19.2%
of renters spending 30%+ of income on housing
38% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
54.3%
Complete Housing Data
Home Values
| Census Median Value | $312,500 |
| Zillow Home Value (ZHVI) | $464,617 |
Rent
| Census Median Rent | $1,303 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
Ownership & Stock
| Owner-Occupied | 54.3% |
| Renter-Occupied | 45.7% |
| Homeownership Rate | 54.3% |
| Total Housing Units | 110 |
| Median Year Built | 1958 |
| Rent Burden | 19.2% |