How much do homeowners pay a month in Mount Hope, NJ?
Homeowners with a mortgage in Mount Hope, NJ pay a median of $2,563 (±$348) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,385 (±$88).
45.1% of owned homes carry a mortgage.
Figures last updated on .
- With a mortgage
- $2,563 (±$348)
- Without a mortgage
- $1,385 (±$88)
- Owned with a mortgage
- 45.1%
Monthly owner costs in Mount Hope
| Mount Hope | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $2,563 (±$348) | $3,295 (±$38) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $1,385 (±$88) | $1,385 (±$21) | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 45.1% (±9.6 points) | 64.5% (±0.9 points) | 63.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $9,202 (±$530) | $10,000 or more | $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 Mount Hope, the median cost with a mortgage is lower than in Morris County ($3,295).
It is not measurably different from New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Morris County, Mount Hope ranks 27 of 27 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 135 of 247.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Median monthly cost with a mortgage in places near Mount Hope
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Mount Hope | — | $2,563 (±$348) | — |
| Wharton Borough | 1.9 mi | $2,429 (±$340) | Not measurably different |
| White Meadow Lake | 2.1 mi | $2,866 (±$179) | Not measurably different |
| Dover Town | 2.3 mi | $2,596 (±$195) | Not measurably different |
| Rockaway Borough | 2.4 mi | $2,949 (±$216) | Not measurably different |
| Victory Gardens Borough | 3.0 mi | $1,690 (±$158) | Lower |
| Mine Hill Township | 3.8 mi | $2,602 (±$173) | Not measurably different |
| Denville Township | 3.9 mi | $3,244 (±$137) | Higher |
| Lake Telemark | 4.0 mi | $2,798 (±$425) | Not measurably different |
Nearby places with a measurably lower figure: Victory Gardens Borough, NJ ($1,690).
Nearby places with a measurably higher figure: Denville Township, NJ ($3,244).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Morris County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 21 | Lake Telemark | $2,798 (±$425) |
| 22 | Lake Hiawatha | $2,766 (±$149) |
| 23 | Kenvil | $2,716 (±$198) |
| 24 | Oak Ridge | $2,706 (±$226) |
| 25 | Landing | $2,667 (±$167) |
| 26 | Lake Hopatcong | $2,580 (±$194) |
| 27 | Mount Hope | $2,563 (±$348) |
Showing 7 of 27 places in Morris County, ranked from highest to lowest.
Mount Hope is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Rockaway Township, whose figures include it.
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 Mount Hope
What is the average mortgage payment in Mount Hope?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Mount Hope, NJ is $2,563 (±$348) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Mount Hope?
Owners without a mortgage in Mount Hope pay a median of $1,385 (±$88) a month in taxes, insurance, utilities and fees.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mount Hope CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Mount Hope CDP, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Mount Hope CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Mount Hope CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Mount Hope CDP, 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 Mount Hope CDP, New Jersey (place:48930, in state:34).
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 Mount Hope at a glance
- Median rent in Mount Hope
- Income and affordability in Mount Hope
- Home values in Mount Hope
- Property taxes in Mount Hope
- Types of homes in Mount Hope
- Bedrooms in Mount Hope
- Age of homes in Mount Hope
- Heating fuel in Mount Hope
- Commute and cars in Mount Hope
- How long people stay in Mount Hope
- New Jersey landlord and tenant rules
- Housing across Morris County
- Housing data for every place in New Jersey