Hope Valley renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Hope Valley is about $1,143 per month. This puts it in the 41st percentile compared to the state average cost of rent, which is $1,229. Households in Hope Valley have a median income of $7,184 per month so the average renter in Hope Valley is spending roughly 16% of their earnings on housing.
Nationally, and in Hope Valley, home values are the data point most closely correlated with the cost of rent. The median price of a home in Hope Valley is $328,683 right now, which is lower than nearby cities, meaning that rents in Hope Valley also tend to be lower versus these nearby cities.
Higher rent prices are common in the southern parts of Hope Valley while lower rent rates are often available in northwestern areas.
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