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Hope

Learn about the people, housing, costs and businesses in Hope, Alaska

Median Home$381,900
Median Rent$1,404/month
Population103
Leading IndustriesManufacturing · Retail · Agriculture & Mining2% manufacturing
Home Value Growth⬆⬆+17.0% over 2 years
Young Adults24% of residents
Homeowners68% of occupied units
NotableHigh Incomes$115k/year · top 10% nationally
NotableTransit82/100 · excellent transit access
Hope
AK

Frequently Asked Questions

What are today's mortgage rates in Hope?

As of today, the 30-year fixed mortgage rate for Hope is approximately 7.377% (7.430% 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 Hope?

The median home value in Hope is $382k. The median monthly rent is $1,404. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hope?

Home values in Hope have increased 17.0% over the past two years. This indicates a strong appreciation trend. 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 Hope?

Based on a typical all-in ownership cost of $1,426/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hope is $115k/year.

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What industries drive the economy in Hope?

The largest employment sectors in Hope are public administration (23%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.