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 $483,958, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,531/mo in Hope, primarily driven by the current value of real estate in the Hope area. In Hope, 6.04% of households rent, and 31.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hope is $11,334 per month. Households that rent pay about 13.51% of their income on rent here. Hope’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harris, RI: equally priced homes
- Coventry, RI: less expensive homes
- West Warwick, RI: less expensive homes
- Saundersville, RI: less expensive homes
- Clayville, RI: equally priced homes
- Cranston, RI: less expensive homes
- Johnston, RI: less expensive homes
- West Greenwich, RI: higher priced homes
- Foster, RI: equally priced homes
- East Greenwich, RI: higher priced homes
Cities with Similar Populations
- Baldwin, MI: less expensive homes
- Hot Springs, SD: less expensive homes
- Wolf Point, MT: less expensive homes
- Wakeman, OH: less expensive homes
- Troup, TX: less expensive homes
- Stone Park, IL: less expensive homes
- Rochester, MA: higher priced homes
- Ravenna, MI: less expensive homes
- Prescott, AR: less expensive homes
- Okanogan, WA: less expensive homes
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