Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,330, 333 total housing units (homes and apartments), and a median house value of $506,571, Hopewell Junction real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hopewell Junction, accounting for 68.70% of the town's housing units. Other types of housing that are prevalent in Hopewell Junction include row houses and other attached homes ( 18.83%), mobile homes or trailers ( 7.12%), and a few large apartment complexes or high rise apartments ( 5.34%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hopewell Junction. Owner-occupied housing accounts for 74.38% of Hopewell Junction's homes, and 68.19% have either three or four bedrooms, which is average sized relative to America.
Hopewell Junction homes and real estate are some of the newest in America. 53.94% of Hopewell Junction's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hopewell Junction real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 20.36%), and between 1970-1999 ( 16.54%). There's also some housing in Hopewell Junction built before 1939 ( 9.16%).
Vacant housing appears to be an issue in Hopewell Junction. Fully 15.27% of the housing stock is classified as vacant. Left unchecked, vacant Hopewell Junction homes and apartments can be a drag on the real estate market, holding Hopewell Junction real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Hopewell Junction's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hopewell Junction during the period has been just 5.69%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Hopewell Junction's appreciation rate, at 7.97%, has been at or slightly above the national average. In the latest quarter, Hopewell Junction's appreciation rate has been 0.58%, which annualizes to a rate of 2.34%.
Notably, Hopewell Junction's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Hopewell Junction's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Hopewell Junction differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hopewell Junction - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hopewell Junction real estate investment or home purchase decisions.
$506,571
for New york
for nation
333
$2,909 / per month