Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Hope area can be challenging. Home prices in Hope are now at a median cost of $111,098, lower than the Arkansas average of $207,061.
The average cost of rent is $828/mo in Hope, primarily driven by the current value of real estate in the Hope area. In Hope, 35.04% of households rent, and 57.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hope is $3,895 per month. Households that rent pay about 21.27% of their income on rent here. Hope’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Perrytown, AR: higher priced homes
- Shover Springs, AR: higher priced homes
- Oakhaven, AR: equally priced homes
- Guernsey, AR: higher priced homes
- Spring Hill, AR: higher priced homes
- Piney Grove, AR: less expensive homes
- Emmet, AR: less expensive homes
- Sheppard, AR: higher priced homes
- Washington, AR: higher priced homes
- Shiloh, AR: less expensive homes
Cities with Similar Populations
- Holtsville, NY: higher priced homes
- Klahanie, WA: higher priced homes
- Westphalia, MD: higher priced homes
- Ketchikan, AK: higher priced homes
- Ishpeming, MI: higher priced homes
- Isanti, MN: higher priced homes
- Interlachen, FL: equally priced homes
- Independence, OR: higher priced homes
- Huron, OH: higher priced homes
- Huntertown, IN: higher priced homes
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