A typical Mount Hope home is worth roughly $503,000
Homes typically sell in 28 days, close to asking.
What kind of housing town is Mount Hope?
Read from the numbers below. The page puts what stands out first.
A seller's market
Supply is tight — about 2.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
83% of Mount Hope households own their home
Half of Mount Hope’s homes were built before 2001.
New Jersey: 64% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Home prices up 57% in 5 years
The federal house price index for the ZIP codes around Mount Hope rose 57% over the past 5 years, slower than across New Jersey (63%). Last year prices rose 4.5%. Carrying the Census median home value forward with that index puts the typical Mount Hope home at roughly $503,000 today.
Carrying the Census median forward with the index puts a typical home at about $503K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Mount Hope, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 5.8 years of income
More than across New Jersey (4.4 years). Try your own numbers below.
That’s $220K short of a typical Mount Hope home.
A two-bedroom rents for about $2,570 a month here, $1,030 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Mount Hope’s typical property tax (2.31% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $2,570
Renters already here pay a median of $1,585, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Newark, NJ HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Mount Hope vs. its neighbors
Mount Hope is the priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Mount Hope | $503K* | +4.5%† | $2,570 | — | $86,607 |
| White Meadow Lake | $471K* | +2.2%† | $2,410 | — | $149,324 |
| Wharton | $498K | +1.1% | $2,640 | 0 | $85,767 |
| Hibernia | — | +4%† | $2,510 | — | $121,205 |
| Rockaway | $467K* | +2.8%† | $2,420 | 86 | $141,868 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Mount Hope buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.