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Warren County is not my cup of tea, but Hackettstown itself is my favorite area out there just because it does have a decent little town center, so it feels a little less isolated than some other places. But I do think prices have gone up there, so I am not sure what 500,000 gets but it can't hurt looking.
I've known a few people who moved out ot Lopatcong to get afforadable housing, but I don't think theres much to do out there, it is very close to PA.
Allamuchy may be good...it's closer to Hackettstown and Morris County and I think is cheaper than Hackettstown itself. My friend lives there and has a nice home and A LOT of land.
I would avoid Blairstown as my personal opinion, I have been there camping several times and it feels really isolated. You can get some cheap homes there, but if you have a family there really wouldn't be anything for kids to do. It's really woodsy and pretty, but also sort of scary at night because it's so woodys.
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