Hopewell, NJ
Population 1,828 · New Jersey
About Hopewell, NJ
Hopewell is a small town located in New Jersey with a population of 1,828 residents according to the latest US Census Bureau American Community Survey data. The median household income is $142,396 per year, which is 89% above the national median of $75,149. The median age of 44.7 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 Hopewell features a median home value of $561,900, which is 129% above the national median of $244,900. This places Hopewell in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,712, 47% above the national average of $1,163/month. Of the 816 total housing units, 80% are owner-occupied (594 units) and 20% are renter-occupied (153 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hopewell shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hopewell have an average one-way commute time of 29.4 minutes.
Education & Demographics
72.7% of Hopewell residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.2% White, 0.9% Hispanic or Latino, 0.4% Black or African American, and 3.0% Asian residents, with 7.4% of the population being foreign-born.
How Hopewell Ranks in New Jersey
Cost of Living in Hopewell, NJ
Compared to national averages, Hopewell has a median household income of $142,396 (89% above the national median of $75,149). Home values average $561,900, which is 129% above the national median. Monthly rent at $1,712 is 47% above the US average of $1,163. Within New Jersey, Hopewell's income is 23% above the state average of $115,667, and home values are 20% above the state median of $469,644.
Why Live in Hopewell, NJ?
Hopewell offers a strong local economy with a median household income of $142,396, well above the national average, and a strong job market with an unemployment rate of just 1.4%, and a well-educated community where 72.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $561,900. However, Hopewell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hopewell has a population of 1,828 with a median age of 44.7 years. Compare Hopewell with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Hopewell
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lavallette | 1,836 | $120,938 | $1,045,200 | Compare |
| Princeton Junction | 1,842 | $219,375 | $669,100 | Compare |
| Brass Castle | 1,844 | $144,865 | $419,600 | Compare |
| Newfield | 1,811 | $105,000 | $238,600 | Compare |
| Upper Pohatcong | 1,851 | $101,338 | $238,400 | Compare |
| Seaside Park | 1,804 | $83,333 | $873,700 | Compare |
| Avon-by-the-Sea | 1,801 | $109,113 | $1,349,000 | Compare |
| Liberty Corner | 1,789 | $213,094 | $964,800 | 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 Hopewell With Other Cities
Frequently Asked Questions about Hopewell
What is the population of Hopewell, NJ?
The population of Hopewell, NJ is 1,828 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 Hopewell?
The median household income in Hopewell, NJ is $142,396 per year, which is 89% above the national median of $75,149.
What is the median home value in Hopewell?
The median home value in Hopewell, NJ is $561,900, which is 129% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hopewell?
The median monthly rent in Hopewell, NJ is $1,712, which is 47% above the national average of $1,163/month.
What is the unemployment rate in Hopewell?
The unemployment rate in Hopewell, NJ is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hopewell, NJ a good place to live?
Hopewell offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,828 and a median age of 44.7, the city appeals to a broad range of residents.
How educated is Hopewell, NJ?
72.7% of residents in Hopewell aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Hopewell?
Key cost-of-living indicators for Hopewell, NJ: median home value is $561,900 (129% above national), median rent is $1,712/month, and median household income is $142,396. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Hopewell?
The poverty rate in Hopewell, NJ is 2.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hopewell, NJ?
Hopewell's population is 0.2% White, 0.9% Hispanic or Latino, 0.4% Black or African American, 3.0% Asian, and 1.4% two or more races. 7.4% of residents are foreign-born.