Why Live in Stanhope
Stanhope, NJ, is a suburban borough situated around the northern side of Lake Musconetcong, known for its strong sense of community and supportive atmosphere. The area features lakefront homes and ample park space, with many houses dating from the 1950s to the 1980s, including colonials, ranch-style homes, and hi-ranches. Some homes date back to the early 1900s, and newer constructions are also present. The borough boasts several hiking trails, and Lake Musconetcong Park offers a playground, kayak launch, and fishing spots. Residents can enjoy kayaking, paddleboarding, and ice skating on the lake, while motorboats and swimming are prohibited. For swimming and boating activities, Lake Hopatcong is just 3 miles away. Stanhope hosts the Lenape Valley Little League, providing access to various sports fields. The highly rated Valley Road School serves students from pre-kindergarten through eighth grade, and Lenape Valley Regional High School offers a range of sports and activities. Main Street features restaurants like Bell’s Mansion and Black Forest Inn, along with The Stanhope House for live music. Regular holiday events and the Stanhope Fall Festival are community highlights. The borough has convenient access to state Route 183, U.S. Route 206, and Interstate 80, with a nearby NJ Transit train station in Netcong for easy travel to Manhattan. St. Clare’s Dover Hospital is located 10 miles away.
Frequently Asked Questions
What is the average home price in Stanhope, NJ?
Homes for sale in Stanhope, NJ have an average home price of $341,769.
How many homes have sold over the last 12 months in Stanhope, NJ?
13 homes have sold in Stanhope, NJ over the last 12 months.
What are the most popular zip codes in Stanhope, NJ?
How much do you need to make to afford a house in Stanhope?
The median home price in Stanhope is $295,000. If you put a 20% down payment of $59,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,530 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in Stanhope.
How are the schools in Stanhope, NJ?
Home Trends in Stanhope, NJ
On average, homes in Stanhope, NJ sell after 63 days on the market compared to the national average of 70 days. The median sale price for homes in Stanhope, NJ over the last 12 months is $285,000, down 14% from the median home sale price over the previous 12 months.
Median Sale Price
$285,000
Median Single Family Sale Price
$629,000
Median 2 Bedroom Sale Price
$285,000
Number of Homes for Sale
0
Last 12 months Home Sales
13
Median List Price
$295,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-14%