Hope, NJ
Population 214 · New Jersey
About Hope, NJ
Hope is a small community located in New Jersey with a population of 214 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,750 per year, which is 5% above the national median of $75,149. The median age of 54.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hope features a median home value of $312,500, which is 28% above the national median of $244,900. This positions Hope in a moderately priced market relative to the rest of the country. Median monthly rent is $1,303, 12% above the national average of $1,163/month. Of the 105 total housing units, 54% are owner-occupied (50 units) and 46% are renter-occupied (42 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hope shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hope have an average one-way commute time of 24.1 minutes.
Education & Demographics
21.3% of Hope residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 2.3% Black or African American, and 2.3% Asian residents, with 26.2% of the population being foreign-born.
Cost of Living in Hope, NJ
Compared to national averages, Hope has a median household income of $78,750 (5% above the national median of $75,149). Home values average $312,500, which is 28% above the national median. Monthly rent at $1,303 is 12% above the US average of $1,163. Within New Jersey, Hope's income is 32% below the state average of $115,667, and home values are 33% below the state median of $469,644.
Why Live in Hope, NJ?
Hope offers a strong local economy with a median household income of $78,750, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 1.4%, better than the national average. Additionally, the city features short commute times averaging just 24.1 minutes.
Hope has a population of 214 with a median age of 54.6 years. Compare Hope with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Hope
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| East Rocky Hill | 212 | $232,727 | $643,500 | Compare |
| Lamington | 218 | $0 | $0 | Compare |
| Bridgeport | 208 | $0 | $253,100 | Compare |
| Juliustown | 207 | $0 | $455,600 | Compare |
| Mizpah | 207 | $76,094 | $241,700 | Compare |
| Tuckahoe | 200 | $134,514 | $313,000 | Compare |
| Bridgeville | 199 | $107,548 | $260,300 | Compare |
| Loch Arbour | 199 | $115,417 | $1,284,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hope With Other Cities
Frequently Asked Questions about Hope
What is the population of Hope, NJ?
The population of Hope, NJ is 214 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Jersey.
What is the median household income in Hope?
The median household income in Hope, NJ is $78,750 per year, which is 5% above the national median of $75,149.
What is the median home value in Hope?
The median home value in Hope, NJ is $312,500, which is 28% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hope?
The median monthly rent in Hope, NJ is $1,303, which is 12% above the national average of $1,163/month.
What is the unemployment rate in Hope?
The unemployment rate in Hope, NJ is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hope, NJ a good place to live?
Hope offers above-average incomes, a competitive housing market, and a strong job market. With a population of 214 and a median age of 54.6, the city appeals to established professionals and retirees.
How educated is Hope, NJ?
21.3% of residents in Hope aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hope?
Key cost-of-living indicators for Hope, NJ: median home value is $312,500 (28% above national), median rent is $1,303/month, and median household income is $78,750. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Hope?
The poverty rate in Hope, NJ is 1.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hope, NJ?
Hope's population is 0.0% White, 0.0% Hispanic or Latino, 2.3% Black or African American, 2.3% Asian, and 4.2% two or more races. 26.2% of residents are foreign-born.