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Hope

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

Median Home$110,848
Median Rent$777/month
Population13,448
Leading IndustriesRetail · Construction · Education24% retail
Home Value Growth⬆⬆+16.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners68% of occupied units
NotableAffordable Market$111k median home · lower cost than 95% of the country
Hope
AR

Frequently Asked Questions

What are today's mortgage rates in Hope?

As of today, the 30-year fixed mortgage rate for Hope is approximately 7.082% (7.127% 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 $111k. The median monthly rent is $777. Annual property taxes average $597. 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 16.8% 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 $665/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hope is $46k/year.

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What industries drive the economy in Hope?

The largest employment sectors in Hope are retail (24%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.