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 $265,610, lower than the Minnesota average of $345,793.
The average cost of rent is $1,205/mo in Hope, primarily driven by the current value of real estate in the Hope area. In Hope, 4.14% of households rent, and 42.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hope is $8,759 per month. Households that rent pay about 13.76% of their income on rent here. Hope’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Steele Center, MN: higher priced homes
- Litomysl, MN: higher priced homes
- Ellendale, MN: less expensive homes
- Vista, MN: higher priced homes
- Summit, MN: equally priced homes
- Meriden, MN: equally priced homes
- Pratt, MN: higher priced homes
- Owatonna, MN: equally priced homes
- Geneva, MN: less expensive homes
- Otisco, MN: higher priced homes
Cities with Similar Populations
- Harper, IA: less expensive homes
- Hemlock, PA: less expensive homes
- Helmet, VA: less expensive homes
- Helena, NY: less expensive homes
- Heilman, IN: less expensive homes
- Hedley, TX: less expensive homes
- Hebron, MO: less expensive homes
- Haywood, OK: less expensive homes
- Havenhurst, MO: less expensive homes
- Hasty, AR: less expensive homes
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