Living in Hope, Arkansas
Cost of living, income, home prices, rent and demographics of Hope · Census data 2020–2024
Hope has 8,671 residents with a median age of 41.3. The median household income is $37,500 (38% lower than the Arkansas median), the median home value is $91,900, the median rent is $823/month.
Hope at a glance
- Population
- 8,671
- Median age
- 41.3State: 38.5
- Median household income
- $37,500State: $60,773
- Median home value
- $91,900State: $188,000
- Median rent
- $823/moState: $947
- Homeowners
- 60.4%
- Bachelor's degree or higher
- 14.2%
- Average commute
- 19 min
Is Hope a good place to live?
Pros: Home values 51% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 38% lower than the Arkansas median; unemployment of 6%; a poverty rate of 23.4%.
The weather is best in April–May and September–October.
Cost of living in Hope
Housing is the biggest part of the cost of living. In Hope the median home value is $91,900, 72% lower than the U.S. median. Renters pay a median of $823 per month, which is 35.5% of household income. Homeowners with a mortgage pay $1,174 a month in housing costs.
Hope median household income
The median household income in Hope is $37,500 and the income per person is $32,321. 23.4% of residents live below the poverty line (Arkansas: 16%).
Housing in Hope: homes for sale and rent
- Housing units
- 4,229
- Owner-occupied
- 60.4%
- Renter-occupied
- 39.6%
- Vacant
- 16.7%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.38
Hope demographics
- Population
- 8,671
- Median age
- 41.3
- Under 18
- 25.7%
- 65 and older
- 19.4%
- Households
- 3,522
- Foreign-born
- 10%
- Veterans
- 3.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hope ›
Education in Hope
14.2% of adults 25 and older in Hope have a bachelor's degree or higher (Arkansas: 25.7%), and 6.4% have a graduate or professional degree.
Jobs and commute in Hope
- Unemployment rate
- 6%State: 4.9%
- Average commute
- 19 minState: 23 min
- Work from home
- 2.3%
- Drive alone
- 90.6%
- Public transit
- 0.1%
- Walk to work
- 0.3%
- Homes with broadband
- 78.8%
Hope vs nearby towns
More for people moving to Hope
Hope ZIP code ›Weather and climate ›Living in Hope: FAQ
What is the median household income in Hope, AR?
The median household income in Hope is $37,500, 38% lower than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hope?
The median home value in Hope is $91,900, compared with $188,000 in Arkansas.
How much is rent in Hope?
The median gross rent in Hope is $823 per month, about 35.5% of household income.
Is Hope, AR a good place to live?
Pluses: home values 51% lower than the state median; an average commute of 19 minutes. Minuses: median household income 38% lower than the Arkansas median; unemployment of 6%; a poverty rate of 23.4%.
What is the median age in Hope?
The median age in Hope is 41.3 years (Arkansas: 38.5).
How long is the commute in Hope?
The average commute to work in Hope is 19 minutes; 2.3% of workers work from home.
What is the unemployment rate in Hope?
The unemployment rate in Hope is 6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hope?
14.2% of adults in Hope have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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