Expensive
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 $183,219, lower than the Indiana average of $232,932.
The average cost of rent is $1,099/mo in Hope, primarily driven by the current value of real estate in the Hope area. In Hope, 18.08% of households rent, and 26.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hope is $7,265 per month. Households that rent pay about 15.12% of their income on rent here. Hope’s most expensive areas are in the southwestern 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.
Nearby Cities
- Old St. Louis, IN: higher priced homes
- Rugby, IN: higher priced homes
- Hartsville, IN: higher priced homes
- Waynesburg, IN: higher priced homes
- Norristown, IN: equally priced homes
- Clifford, IN: equally priced homes
- Flat Rock, IN: equally priced homes
- Burney, IN: higher priced homes
- Forest Hill, IN: higher priced homes
- Lewis Creek, IN: equally priced homes
Cities with Similar Populations
- Abingdon, IL: less expensive homes
- Buchanan, VA: higher priced homes
- Rock Rapids, IA: higher priced homes
- Newtown, OH: higher priced homes
- Norwich, VT: higher priced homes
- Osseo, WI: higher priced homes
- Pecatonica, IL: equally priced homes
- Reno, TX: higher priced homes
- Richmond, MN: higher priced homes
- Ridgeley, WV: higher priced homes
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