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 $198,967, lower than the Michigan average of $250,415.
The average cost of rent is $1,322/mo in Hope, primarily driven by the current value of real estate in the Hope area. In Hope, 6.57% of households rent, and 47.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hope is $7,113 per month. Households that rent pay about 18.58% of their income on rent here. Hope’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Edenville, MI: equally priced homes
- Sanford, MI: equally priced homes
- Rhodes, MI: less expensive homes
- Beaverton, MI: less expensive homes
- North Bradley, MI: less expensive homes
- Winegars, MI: less expensive homes
- Midland, MI: equally priced homes
- Coleman, MI: less expensive homes
- Willard, MI: equally priced homes
- Bullock Creek, MI: equally priced homes
Cities with Similar Populations
- Whiting, WI: higher priced homes
- Hermon, ME: higher priced homes
- Riverside, PA: higher priced homes
- Mc Gaheysville, VA: higher priced homes
- Meridian, TX: less expensive homes
- Mesopotamia, OH: equally priced homes
- Moreauville, LA: less expensive homes
- Newberry Springs, CA: equally priced homes
- North Jackson, OH: higher priced homes
- Ontonagon, MI: less expensive homes
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