Hopelawn, NJ
Population 2,986 · New Jersey
About Hopelawn, NJ
Hopelawn is a small town located in New Jersey with a population of 2,986 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,977 per year, which is 12% above the national median of $75,149. The median age of 53 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 Hopelawn features a median home value of $349,500, which is 43% above the national median of $244,900. This positions Hopelawn in a moderately priced market relative to the rest of the country. Median monthly rent is $1,245, 7% above the national average of $1,163/month. Of the 1,348 total housing units, 58% are owner-occupied (788 units) and 42% are renter-occupied (560 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hopelawn shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hopelawn have an average one-way commute time of 33.7 minutes.
Education & Demographics
20.6% of Hopelawn 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 1.3% White, 2.1% Hispanic or Latino, 23.4% Black or African American, and 18.0% Asian residents, with 29.0% of the population being foreign-born.
Cost of Living in Hopelawn, NJ
Compared to national averages, Hopelawn has a median household income of $83,977 (12% above the national median of $75,149). Home values average $349,500, which is 43% above the national median. Monthly rent at $1,245 is 7% above the US average of $1,163. Within New Jersey, Hopelawn's income is 27% below the state average of $115,667, and home values are 26% below the state median of $469,644.
Why Live in Hopelawn, NJ?
Hopelawn offers a strong local economy with a median household income of $83,977, well above the national average, and a low poverty rate of 4.8%, better than the national average.
Hopelawn has a population of 2,986 with a median age of 53 years. Compare Hopelawn with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Hopelawn
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pines Lake | 2,989 | $177,750 | $612,800 | Compare |
| Millington | 3,002 | $202,604 | $746,800 | Compare |
| Groveville | 3,007 | $108,362 | $347,900 | Compare |
| Menlo Park Terrace | 2,952 | $111,111 | $379,100 | Compare |
| Whitesboro | 2,946 | $94,145 | $242,100 | Compare |
| Shark River Hills | 3,035 | $133,193 | $482,800 | Compare |
| Rutgers University-Livingston Campus | 3,041 | $0 | $0 | Compare |
| National Park | 3,043 | $81,507 | $207,400 | 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 Hopelawn With Other Cities
Frequently Asked Questions about Hopelawn
What is the population of Hopelawn, NJ?
The population of Hopelawn, NJ is 2,986 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Hopelawn?
The median household income in Hopelawn, NJ is $83,977 per year, which is 12% above the national median of $75,149.
What is the median home value in Hopelawn?
The median home value in Hopelawn, NJ is $349,500, which is 43% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hopelawn?
The median monthly rent in Hopelawn, NJ is $1,245, which is 7% above the national average of $1,163/month.
What is the unemployment rate in Hopelawn?
The unemployment rate in Hopelawn, NJ is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hopelawn, NJ a good place to live?
Hopelawn offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,986 and a median age of 53, the city appeals to established professionals and retirees.
How educated is Hopelawn, NJ?
20.6% of residents in Hopelawn 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 Hopelawn?
Key cost-of-living indicators for Hopelawn, NJ: median home value is $349,500 (43% above national), median rent is $1,245/month, and median household income is $83,977. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Hopelawn?
The poverty rate in Hopelawn, NJ is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hopelawn, NJ?
Hopelawn's population is 1.3% White, 2.1% Hispanic or Latino, 23.4% Black or African American, 18.0% Asian, and 2.2% two or more races. 29.0% of residents are foreign-born.