The Most Affordable Neighborhoods in Hope, ID by Home Value

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 $468,890, higher than the Idaho average of $450,170.

The average cost of rent is $1,316/mo in Hope, primarily driven by the current value of real estate in the Hope area. In Hope, 8.58% of households rent, and 49.49% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hope is $7,157 per month. Households that rent pay about 18.38% of their income on rent here. Hope’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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