Market Overview
Home Prices in Hopewell Junction, NY
The median home value in Hopewell Junction, NY is $596,542 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hopewell Junction are priced45% above average. Hopewell Junction is part of the Poughkeepsie-Newburgh-Middletown, NY metro area.
Over the past five years, Hopewell Junction home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Hopewell Junction Home Price Trend
City Comparison
Hopewell Junction vs. National Median
At $596,542, homes in Hopewell Junction cost 45% above the national median of $410,000. Buyers in Hopewell Junction should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Hopewell Junction?
20% Down Payment
$119,308
on $596,542
Monthly P&I
$3,111/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,951/mo
incl. taxes & insurance
Income Needed
$158,040
gross annual (30% rule)
10% Down Option
$59,654
+ PMI applies
Loan Amount (20% dn)
$477,234
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 Hopewell Junction, NY?
The median home value in Hopewell Junction is $596,542 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Hopewell Junction?
Over the past year, home values in Hopewell Junction have increased by 4.7%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Hopewell Junction?
To comfortably afford the median home price of $596,542 with a 20% down payment ($119,308) at today's rates (6.8%), you'd need a gross annual income of approximately $158,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Hopewell Junction compare to the national average home price?
The national median home value is approximately $410,000. At $596,542, homes in Hopewell Junction are 45% above the national average.
What metro area is Hopewell Junction part of?
Hopewell Junction is part of the Poughkeepsie-Newburgh-Middletown, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.