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Good Hope

Learn about the people, housing, costs and businesses in Good Hope, Illinois

Median Home$114,400
Median Rent$862/month
Population390
Leading IndustriesFinance & Insurance · Information & Media · Construction8% finance & insurance
Home Value Growth+8.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners83% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Good Hope
IL

Frequently Asked Questions

What are today's mortgage rates in Good Hope?

As of today, the 30-year fixed mortgage rate for Good Hope is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Good Hope?

The median home value in Good Hope is $114k. The median monthly rent is $862. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Good Hope?

Home values in Good Hope have increased 8.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Good Hope?

Based on a typical all-in ownership cost of $824/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Good Hope is $68k/year.

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What industries drive the economy in Good Hope?

The largest employment sectors in Good Hope are public administration (28%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.