How much do homeowners pay a month in Hopewell Township (Mercer County), NJ?
Homeowners with a mortgage in Hopewell Township (Mercer County), NJ pay a median of $3,609 (±$213) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,500 or more.
62.2% of owned homes carry a mortgage.
In Hopewell Township (Mercer County), the median monthly cost with a mortgage went from $3,251 in 2015–2019 to $3,609 in 2020–2024 (+11.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $3,609 (±$213)
- Without a mortgage
- $1,500 or more
- Owned with a mortgage
- 62.2%
Monthly owner costs in Hopewell Township (Mercer County)
| Hopewell Township (Mercer County) | Mercer County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $3,609 (±$213) | $2,615 (±$56) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $1,500 or more | $1,136 (±$27) | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 62.2% (±4.4 points) | 62.3% (±1.4 points) | 63.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $10,000 or more | $8,909 (±$148) | $9,590 (±$25) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Hopewell Township (Mercer County), the median cost with a mortgage is higher than in Mercer County ($2,615).
It is also higher than in New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Mercer County, Hopewell Township (Mercer County) ranks 3 of 12 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 110 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Hopewell Township (Mercer County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $3,251 (±$155) | $3,609 (±$213) | +11.0% | Down after inflation |
| Median home value | $460,100 (±$24,037) | $561,900 (±$32,712) | +22.1% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Hopewell Township (Mercer County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Hopewell Township (Mercer County) | — | $3,609 (±$213) | — |
| Pennington Borough | 2.5 mi | $3,463 (±$283) | Not measurably different |
| Hopewell Borough | 3.4 mi | $3,503 (±$235) | Not measurably different |
| West Amwell Township | 4.3 mi | $3,213 (±$555) | Not measurably different |
| Lawrenceville | 5.4 mi | $2,555 (±$516) | Lower |
| East Amwell Township | 5.5 mi | $2,855 (±$264) | Lower |
| Lawrence Township (Mercer County) | 6.4 mi | $2,933 (±$184) | Lower |
| Ewing Township | 6.5 mi | $2,212 (±$96) | Lower |
| Lambertville | 7.0 mi | $3,033 (±$473) | Lower |
Nearby places with a measurably lower figure: Lawrenceville, NJ ($2,555), East Amwell Township, NJ ($2,855), Lawrence Township (Mercer County), NJ ($2,933).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Mercer County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 (tie) | Princeton | $4,000 or more |
| 1 (tie) | West Windsor Township | $4,000 or more |
| 3 | Hopewell Township (Mercer County) | $3,609 (±$213) |
| 4 | Robbinsville Township | $3,606 (±$241) |
| 5 | Hopewell Borough | $3,503 (±$235) |
| 6 | Pennington Borough | $3,463 (±$283) |
| 7 | Lawrence Township (Mercer County) | $2,933 (±$184) |
| 8 | East Windsor Township | $2,679 (±$186) |
| 9 | Hightstown Borough | $2,623 (±$307) |
Showing 9 of 12 places in Mercer County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Hopewell Township (Mercer County)
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Hopewell Township (Mercer County) beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Hopewell Township (Mercer County), save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Hopewell Township (Mercer County), and send estimates and invoices from your phone.
Questions about Hopewell Township (Mercer County)
What is the average mortgage payment in Hopewell Township (Mercer County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Hopewell Township (Mercer County), NJ is $3,609 (±$213) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Hopewell Township (Mercer County)?
Owners without a mortgage in Hopewell Township (Mercer County) pay a median of $1,500 or more a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Hopewell Township (Mercer County) gone up?
In Hopewell Township (Mercer County), the median monthly cost with a mortgage went from $3,251 in 2015–2019 to $3,609 in 2020–2024 (+11.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hopewell township, Mercer County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Hopewell township, Mercer County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Hopewell township, Mercer County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Hopewell township, Mercer County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Hopewell township, Mercer County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Hopewell township, Mercer County, New Jersey (county subdivision:33180, in state:34 county:021).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Hopewell Township (Mercer County) at a glance
- Median rent in Hopewell Township (Mercer County)
- Rent by bedrooms in Hopewell Township (Mercer County)
- Renters and owners in Hopewell Township (Mercer County)
- Income and affordability in Hopewell Township (Mercer County)
- Home values in Hopewell Township (Mercer County)
- Property taxes in Hopewell Township (Mercer County)
- Types of homes in Hopewell Township (Mercer County)
- Bedrooms in Hopewell Township (Mercer County)
- Age of homes in Hopewell Township (Mercer County)
- Heating fuel in Hopewell Township (Mercer County)
- Commute and cars in Hopewell Township (Mercer County)
- Crime reported to police in Hopewell Township (Mercer County)
- Population growth in Hopewell Township (Mercer County)
- How long people stay in Hopewell Township (Mercer County)
- Crowding and facilities in Hopewell Township (Mercer County)
- New Jersey landlord and tenant rules
- Housing across Mercer County
- Housing data for every place in New Jersey