Hope, ME—04847
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hope, ME
Hope, ME lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | -3.4% |
| Single Family | $398,000 | -3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $350,000 | -4.4% |
3 Bed | $452,000 | -3.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hope, ME
Hope, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hope, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Hope, ME is 83. This is a decrease of -48.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $445,000 | 25.0% |
Listing Count | 4 | 0.0% |
| Listings as % of Homes | 0.2% | 0.0% |
Days on Market | 83 | -48.0% |
Demographics — Hope, ME
As of the latest ACS Survey released in 2023, Hope, ME has a population of 1,710, which has increased by 8.1% over the past 5 years. Hope, ME is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,710 | 8.1% |
% Under 18 | 21.6% | -15.6% |
% Seniors | 21.3% | 21.0% |
% WFH | 13.1% | 0.0% |
% w/ College Degree | 42.7% | 6.5% |
As of the latest ACS Survey released in 2023, Hope, ME is a predominantly white area, with 95.9% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Hope, ME is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.5% of the population in Hope, ME, and this percentage has decreased by 54.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.9% | -1.7% |
% Black | 0.0% | N/A |
% Hispanic | 0.9% | -25.0% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 0.5% | -54.5% |
Mortgage and Risk — Hope, ME
According to HUD data as of 2023, there were 46 mortgage originations in Hope, ME, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Hope, ME. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Hope, ME
Hope, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | N/A | N/A | $1,510 |
| 4 Bedroom | N/A | N/A | $1,850 |
Affordability — Hope, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $398,000 |
| Median Household Income | $83,500 |