Home prices
The median home in Stanhope is valued at $247,400. This is about $48,280 (16%) lower in comparison to its nearby areas.It is about $29,900 (13%) higher compared to the nation as a whole, and compared to the city of New York is approximately $358,600 (59%) lower.
Rents
In Stanhope the median monthly rent is $1,657. This is about $212 (14%) higher in comparison to its nearby areas.Compared to the US as a whole it is roughly $595 (56%) higher, and is approximately $214 (14%) higher compared to the city of New York.
Nearby places
Netcong
Netcong is Stanhope's neighbor to the south. Its housing prices are a bit more expensive. The median home in Netcong is valued at $273,000, which is $25,600 (9%) higher than Stanhope. Rents there are a lot less expensive. The median monthly rent in Netcong is $1,166, which is $491 (42%) lower than Stanhope.
Hopatcong
Hopatcong is Stanhope's neighbor to the northeast. Housing prices there are pretty similar. The median home in Hopatcong costs $237,000, which works out to $10,400 (4%) lower than Stanhope. Its rents are a bit less expensive. The median rent in Hopatcong is $1,456 per month, which works out to $201 (13%) lower than Stanhope.
Mount Arlington
Mount Arlington is roughly 2 miles east of Stanhope. Real estate prices there are a bit more expensive. The median home price in Mount Arlington is $305,100, which comes out to $57,700 (18%) higher than Stanhope. The rent there is a bit more expensive. In Mount Arlington the median monthly rent is $1,822, which is $165 (9%) higher than Stanhope.
Budd Lake
Budd Lake is approximately 3 miles southwest of Stanhope. Its housing prices are somewhat more expensive. The median home in Budd Lake costs $340,300, which comes out to $92,900 (27%) higher than Stanhope. Rent there is significantly less expensive. Budd Lake's median monthly rent is $1,216, which is $441 (36%) lower than Stanhope.
Kenvil
Kenvil is about 4 miles southeast from Stanhope. Housing prices there are somewhat more expensive. Kenvil's median home cost is $323,000, which works out to $75,600 (23%) higher than Stanhope. Rents there are a bit less expensive. In Kenvil the median rent is $1,567 per month, which works out to $90 (5%) lower than Stanhope.
