Hopewell Junction, NY
Population 1,113 · New York
About Hopewell Junction, NY
Hopewell Junction is a small town located in New York with a population of 1,113 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,391 per year, which is 3% above the national median of $75,149. The median age of 41.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hopewell Junction features a median home value of $686,300, which is 180% above the national median of $244,900. This places Hopewell Junction in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,469, 26% above the national average of $1,163/month. Of the 442 total housing units, 57% are owner-occupied (234 units) and 43% are renter-occupied (179 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hopewell Junction shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hopewell Junction have an average one-way commute time of 33.7 minutes.
Education & Demographics
51.4% of Hopewell Junction 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 0.0% White, 0.4% Hispanic or Latino, 7.4% Black or African American, and 35.2% Asian residents, with 27.6% of the population being foreign-born.
How Hopewell Junction Ranks in New York
Cost of Living in Hopewell Junction, NY
Compared to national averages, Hopewell Junction has a median household income of $77,391 (3% above the national median of $75,149). Home values average $686,300, which is 180% above the national median. Monthly rent at $1,469 is 26% above the US average of $1,163. Within New York, Hopewell Junction's income is 20% below the state average of $96,987, and home values are 77% above the state median of $387,181.
Why Live in Hopewell Junction, NY?
Hopewell Junction offers a strong local economy with a median household income of $77,391, well above the national average, and a strong job market with an unemployment rate of just 1.0%, and a well-educated community where 51.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $686,300. However, Hopewell Junction’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hopewell Junction has a population of 1,113 with a median age of 41.8 years. Compare Hopewell Junction with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Hopewell Junction
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Newfield | 1,112 | $93,079 | $152,700 | Compare |
| Hewlett Harbor | 1,111 | $250,001 | $1,479,400 | Compare |
| Bolivar | 1,108 | $53,317 | $66,400 | Compare |
| Germantown | 1,107 | $86,313 | $356,300 | Compare |
| Windsor | 1,121 | $72,981 | $126,600 | Compare |
| Keuka Park | 1,103 | $83,942 | $418,800 | Compare |
| Sodus Point | 1,101 | $79,405 | $231,400 | Compare |
| Stamford | 1,101 | $46,250 | $177,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hopewell Junction With Other Cities
Frequently Asked Questions about Hopewell Junction
What is the population of Hopewell Junction, NY?
The population of Hopewell Junction, NY is 1,113 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Hopewell Junction?
The median household income in Hopewell Junction, NY is $77,391 per year, which is 3% above the national median of $75,149.
What is the median home value in Hopewell Junction?
The median home value in Hopewell Junction, NY is $686,300, which is 180% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hopewell Junction?
The median monthly rent in Hopewell Junction, NY is $1,469, which is 26% above the national average of $1,163/month.
What is the unemployment rate in Hopewell Junction?
The unemployment rate in Hopewell Junction, NY is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hopewell Junction, NY a good place to live?
Hopewell Junction offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,113 and a median age of 41.8, the city appeals to a broad range of residents.
How educated is Hopewell Junction, NY?
51.4% of residents in Hopewell Junction 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 Junction?
Key cost-of-living indicators for Hopewell Junction, NY: median home value is $686,300 (180% above national), median rent is $1,469/month, and median household income is $77,391. The home-value-to-income ratio is 8.9x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Hopewell Junction?
The poverty rate in Hopewell Junction, NY is 4.3%, 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 Junction, NY?
Hopewell Junction's population is 0.0% White, 0.4% Hispanic or Latino, 7.4% Black or African American, 35.2% Asian, and 0.0% two or more races. 27.6% of residents are foreign-born.