What is the median rent in Hopewell Township (Mercer County), NJ?
The median gross rent in Hopewell Township (Mercer County), NJ is $2,128 (±$160) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 505 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Hopewell Township (Mercer County), the median gross rent went from $1,803 in 2015–2019 to $2,128 in 2020–2024 (+18.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $2,128 (±$160)
- Rented homes
- 505 (±261)
- $2,000 or more
- 63.6%
- Since 2015–2019
- +18.0%
How much rent costs in Hopewell Township (Mercer County)
| Monthly gross rent | Hopewell Township (Mercer County) | Mercer County | New Jersey | United States |
|---|---|---|---|---|
| Less than $500 | 3.4% (±5.5 points) | 7.8% | 6.1% | 6.3% |
| $500 to $999 | 2.8% (±4.7 points) | 8.8% | 7.9% | 20.2% |
| $1,000 to $1,499 | 13.9% (±11.9 points) | 26.4% | 23.5% | 28.1% |
| $1,500 to $1,999 | 16.4% (±12.4 points) | 28.8% | 28.5% | 21.1% |
| $2,000 to $2,499 | 53.1% (±24.4 points) | 14.5% | 17.2% | 12.0% |
| $2,500 to $2,999 | 0.0% (±8.5 points) | 5.9% | 7.9% | 5.5% |
| $3,000 or more | 10.5% (±9.9 points) | 7.9% | 8.9% | 6.8% |
The most common range is $2,000 to $2,499, paid by 53.1% of renting households.
63.6% of rented homes in Hopewell Township (Mercer County) cost $2,000 or more a month.
Hopewell Township (Mercer County) against Mercer County, its state and the nation
| Hopewell Township (Mercer County) | Mercer County | New Jersey | United States | |
|---|---|---|---|---|
| Median gross rent | $2,128 (±$160) | $1,623 (±$34) | $1,720 (±$7) | $1,413 |
| Rented homes paying rent | 505 (±261) | 52,951 (±1,688) | 1,230,839 (±7,912) | 42,849,984 |
In Hopewell Township (Mercer County), median gross rent is higher than in Mercer County ($1,623).
It is also higher than in New Jersey ($1,720).
It is higher than the national figure ($1,413).
In Mercer County, Hopewell Township (Mercer County) ranks 3 of 12 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 122 of 548.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Hopewell Township (Mercer County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,803 (±$578) | $2,128 (±$160) | +18.0% | No measurable change after inflation |
| Households that rent | 10.2% (±2.6 points) | 8.8% (±3.9 points) | −1.4 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±5.3 points) | 0.0% (±7.3 points) | 0.0 percentage points | Not a measurable change |
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 gross rent in places near Hopewell Township (Mercer County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Hopewell Township (Mercer County) | — | $2,128 (±$160) | — |
| Pennington Borough | 2.5 mi | $1,886 (±$186) | Not measurably different |
| Hopewell Borough | 3.4 mi | $1,856 (±$269) | Not measurably different |
| West Amwell Township | 4.3 mi | $2,217 (±$313) | Not measurably different |
| Lawrenceville | 5.4 mi | $2,241 (±$275) | Not measurably different |
| East Amwell Township | 5.5 mi | $1,879 (±$328) | Not measurably different |
| The College of New Jersey | 6.3 mi | $1,762 (±$152) | Lower |
| Lawrence Township (Mercer County) | 6.4 mi | $2,020 (±$107) | Not measurably different |
| Ewing Township | 6.5 mi | $1,679 (±$81) | Lower |
Nearby places with a measurably lower figure: The College of New Jersey, NJ ($1,762), Ewing Township, NJ ($1,679).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Mercer County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Princeton | $2,636 (±$281) |
| 2 | West Windsor Township | $2,327 (±$181) |
| 3 | Hopewell Township (Mercer County) | $2,128 (±$160) |
| 4 | Robbinsville Township | $2,076 (±$176) |
| 5 | Lawrence Township (Mercer County) | $2,020 (±$107) |
| 6 | Pennington Borough | $1,886 (±$186) |
| 7 | Hopewell Borough | $1,856 (±$269) |
| 8 | Ewing Township | $1,679 (±$81) |
| 9 | Hamilton Township (Mercer County) | $1,634 (±$59) |
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.
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Questions about Hopewell Township (Mercer County)
What is the average rent in Hopewell Township (Mercer County), NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Hopewell Township (Mercer County) is $2,128 (±$160) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Hopewell Township (Mercer County)?
In Hopewell Township (Mercer County), the median gross rent went from $1,803 in 2015–2019 to $2,128 in 2020–2024 (+18.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Hopewell Township (Mercer County) cost more than $2,000 a month?
63.6% of rented homes in Hopewell Township (Mercer County) have a gross rent of $2,000 or more a month, and 3.4% cost less than $500.
Is rent in Hopewell Township (Mercer County) higher than in Mercer County?
In Hopewell Township (Mercer County), median gross rent is higher than in Mercer County ($1,623).
It is also higher than in New Jersey ($1,720).
It is higher than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hopewell township, Mercer County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hopewell township, Mercer County, New Jersey
- Selected Housing Characteristics (DP04), 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) 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 B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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 .
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- New Jersey landlord and tenant rules
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- Housing data for every place in New Jersey