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Hopedale

Learn about the people, housing, costs and businesses in Hopedale, Ohio

Median Home$111,300
Median Rent$900/month
Population881
Leading IndustriesPublic Administration · Manufacturing · Agriculture & Mining31% public administration
Home Value Growth⬆⬆+12.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners76% of occupied units
NotableTransit80/100 · excellent transit access
Hopedale
OH

Frequently Asked Questions

What are today's mortgage rates in Hopedale?

As of today, the 30-year fixed mortgage rate for Hopedale is approximately 7.198% (7.246% 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 Hopedale?

The median home value in Hopedale is $111k. The median monthly rent is $900. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hopedale?

Home values in Hopedale have increased 12.0% 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 Hopedale?

Based on a typical all-in ownership cost of $862/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hopedale is $47k/year.

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What industries drive the economy in Hopedale?

The largest employment sectors in Hopedale are public administration (31%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.