Market Overview
Home Prices in Stanhope, NJ
The median home value in Stanhope, NJ is $453,798 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Stanhope are priced11% above average. Stanhope is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Stanhope home values have risen by approximately41.8%, reflecting strong long-term appreciation in this market.
Price History
Stanhope Home Price Trend
City Comparison
Stanhope vs. National Median
At $453,798, homes in Stanhope cost 11% above the national median of $410,000. Buyers in Stanhope should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Stanhope?
20% Down Payment
$90,760
on $453,798
Monthly P&I
$2,367/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,006/mo
incl. taxes & insurance
Income Needed
$120,240
gross annual (30% rule)
10% Down Option
$45,380
+ PMI applies
Loan Amount (20% dn)
$363,038
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Stanhope, NJ?
The median home value in Stanhope is $453,798 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Stanhope?
Over the past year, home values in Stanhope have increased by 4%. Over five years, prices have risen approximately 41.8%.
How much do I need to earn to buy a home in Stanhope?
To comfortably afford the median home price of $453,798 with a 20% down payment ($90,760) at today's rates (6.8%), you'd need a gross annual income of approximately $120,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Stanhope compare to the national average home price?
The national median home value is approximately $410,000. At $453,798, homes in Stanhope are 11% above the national average.
What metro area is Stanhope part of?
Stanhope is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.