Living in Hope Mills, North Carolina
Cost of living, income, home prices, rent and demographics of Hope Mills · Census data 2020–2024
Hope Mills has 17,939 residents with a median age of 34. The median household income is $65,774 (9% lower than the North Carolina median), the median home value is $190,600, the median rent is $1,141/month.
Hope Mills at a glance
- Population
- 17,939
- Median age
- 34State: 39.1
- Median household income
- $65,774State: $72,388
- Median home value
- $190,600State: $288,900
- Median rent
- $1,141/moState: $1,228
- Homeowners
- 66.5%
- Bachelor's degree or higher
- 23.4%
- Average commute
- 27 min
Is Hope Mills a good place to live?
Pros: Home values 34% lower than the state median.
Cons: Median household income 9% lower than the North Carolina median; an average commute of 27 minutes; unemployment of 8.2%; a poverty rate of 14.1%.
The weather is best in April–May and September–October.
Cost of living in Hope Mills
Housing is the biggest part of the cost of living. In Hope Mills the median home value is $190,600, 43% lower than the U.S. median. Renters pay a median of $1,141 per month, which is 28.9% of household income. Homeowners with a mortgage pay $1,462 a month in housing costs.
Hope Mills median household income
The median household income in Hope Mills is $65,774 and the income per person is $32,051. 14.1% of residents live below the poverty line (North Carolina: 13%).
Housing in Hope Mills: homes for sale and rent
- Housing units
- 6,850
- Owner-occupied
- 66.5%
- Renter-occupied
- 33.5%
- Vacant
- 4.5%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.71
Hope Mills demographics
- Population
- 17,939
- Median age
- 34
- Under 18
- 28.3%
- 65 and older
- 12.7%
- Households
- 6,543
- Foreign-born
- 6.1%
- Veterans
- 20.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Hope Mills ›
Education in Hope Mills
23.4% of adults 25 and older in Hope Mills have a bachelor's degree or higher (North Carolina: 35.7%), and 7.5% have a graduate or professional degree.
Jobs and commute in Hope Mills
- Unemployment rate
- 8.2%State: 4.7%
- Average commute
- 27 minState: 25 min
- Work from home
- 9.1%
- Drive alone
- 78.4%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 92.5%
Hope Mills vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hope Mills | 17,939 | $65,774 | $190,600 | $1,141 |
| Parkton | 529 | $56,250 | $151,900 | $1,700 |
| Rockfish | 3,574 | $64,476 | $199,900 | $1,274 |
| Fayetteville | 210,815 | $58,407 | $188,000 | $1,250 |
| Vander | 1,922 | $66,993 | $231,800 | $929 |
| St. Pauls | 2,688 | $36,800 | $111,000 | $781 |
| Rennert | 292 | $26,875 | $45,800 | $653 |
| Eastover | 3,666 | $85,156 | $241,600 | $888 |
| Spring Lake | 11,573 | $51,958 | $124,000 | $1,351 |
More for people moving to Hope Mills
Hope Mills ZIP code ›Weather and climate ›Living in Hope Mills: FAQ
What is the median household income in Hope Mills, NC?
The median household income in Hope Mills is $65,774, 9% lower than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hope Mills?
The median home value in Hope Mills is $190,600, compared with $288,900 in North Carolina.
How much is rent in Hope Mills?
The median gross rent in Hope Mills is $1,141 per month, about 28.9% of household income.
Is Hope Mills, NC a good place to live?
Pluses: home values 34% lower than the state median. Minuses: median household income 9% lower than the North Carolina median; an average commute of 27 minutes; unemployment of 8.2%; a poverty rate of 14.1%.
What is the median age in Hope Mills?
The median age in Hope Mills is 34 years (North Carolina: 39.1).
How long is the commute in Hope Mills?
The average commute to work in Hope Mills is 27 minutes; 9.1% of workers work from home.
What is the unemployment rate in Hope Mills?
The unemployment rate in Hope Mills is 8.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hope Mills?
23.4% of adults in Hope Mills 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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