Mount Hope

Population: 3,082
Median household income: $87,927
Median home value: $387,800

Mount Hope is a community in Morris County, New Jersey, home to 3,082 residents. The median household income of $87,927 is below the Morris County median ($134,929).

From 2020 to 2023, Mount Hope's population declined 5.1% from 3,249 to 3,082, while its median home value rose 28.6% from $301,500 to $387,800.

White (non-Hispanic) residents are the largest group, 92.1% of the population. 62.9% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 3,082
Median age: 60.5 yrs
Median household income: $87,927
Median home value: $387,800
Median gross rent: $1,745
Housing units: 1,629
Homeownership rate: 86.9%
Bachelor's degree or higher: 55.8%
Unemployment rate: 5.9%

Trends

ACS 5-year · 2019–2023

Population

3,2493,082

Median household income

$76,848$87,927

Median home value

$301,500$387,800

Median gross rent

$1,579$1,745

Year	Population	Median household income	Median home value	Median gross rent
2020	3,249	$76,848	$301,500	$1,579
2021	3,027	$81,563	$320,100	$1,686
2022	3,092	$83,860	$350,400	$1,716
2023	3,082	$87,927	$387,800	$1,745

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.1%

5 to 178.3%

18 to 243.1%

25 to 347.3%

35 to 4411.7%

45 to 5410.2%

55 to 649.7%

65 to 7416.5%

75 and over28.1%

	Count	Share
Under 5	157	5.1%
5 to 17	255	8.3%
18 to 24	95	3.1%
25 to 34	226	7.3%
35 to 44	360	11.7%
45 to 54	315	10.2%
55 to 64	299	9.7%
65 to 74	510	16.5%
75 and over	865	28.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,839	92.1%
Black or African American	63	2.0%
American Indian & Alaska Native	0	0.0%
Asian	43	1.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	85	2.8%
Hispanic or Latino (any race)	52	1.7%

Educational attainment (age 25+)

No high school diploma3.4%

High school graduate21.7%

Some college or associate's19.1%

Bachelor's degree35.6%

Graduate or professional degree20.2%

	Count	Share
No high school diploma	88	3.4%
High school graduate	558	21.7%
Some college or associate's	491	19.1%
Bachelor's degree	917	35.6%
Graduate or professional degree	521	20.2%

Commute to work

Mean travel time to work: 25 min

Drove alone62.9%

Carpooled2.2%

Public transit2.6%

Walked4.1%

Bicycle0.0%

Worked from home28.1%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	759	62.9%
Carpooled	27	2.2%
Public transit	31	2.6%
Walked	50	4.1%
Bicycle	0	0.0%
Worked from home	339	28.1%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	271	31.3%
15 to 29 min	322	37.1%
30 to 44 min	107	12.3%
45 to 59 min	73	8.4%
60+ min	94	10.8%

Households

Average household size: 1.91
Poverty rate: 3.2% (99 of 3,082)

	Count	Share
Family households	824	51.1%
Nonfamily households	787	48.9%

Housing

Median year structure built: 2002

Occupancy

	Count	Share
Occupied	1,611	98.9%
Vacant	18	1.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,400	86.9%
Renter-occupied	211	13.1%

1-unit, detached25.1%

1-unit, attached2.4%

2 to 4 units0.0%

5 to 19 units17.1%

20 or more units55.4%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	409	25.1%
1-unit, attached	39	2.4%
2 to 4 units	0	0.0%
5 to 19 units	278	17.1%
20 or more units	903	55.4%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3448930
Type (LSAD): 57
Land area: 2.2 sq mi
Water area: 0.11 sq mi
Center point: 40.9187, -74.5509