The housing market in Hopewell borough, NJ is a strong one, with the median value of homes coming in at $537,700, significantly higher than the US house median value of $338,100. This is reflected in the higher-than-average 1 year house appreciation rate of 16.62%, well above the national average of 8.27%. Hopewell borough, NJ is an attractive location for real estate investors and buyers alike looking to take advantage of the current strong housing market.
The median home cost in Hopewell borough is $537,700. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Hopewell borough is up 18.4%.
Average Age of Homes
- The median age of Hopewell borough real estate is 78 years old
The Rental Market in Hopewell borough
- Renters make up 25.2% of the Hopewell borough population
- 0.0% of houses and apartments in Hopewell borough, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.