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Hope Mills, NC—28348

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$261,000
0.7% YoY Growth
Household Income
$65,200
22.8% YoY Growth
Days on Market
75
35.0% Longer YoY
Home Price Forecast
3.1%
Median Rent
$1,600
2.4% YoY Growth
1-Bed Rent
$1,270
7.6% YoY Growth
2-Bed Rent
$1,300
11.5% YoY Growth
3-Bed Rent
$1,680
2.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hope Mills, NC

As of Dec '25, the median home price in Hope Mills, NC is $261,000, with a year-over-year change of 0.7%. This indicates that home prices in Hope Mills, NC are flat. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$261,0000.7%
Single Family $262,0001.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$155,0006.9%
    3 Bed
    		$228,0000.9%
    4 Bed
    		$328,0001.2%
    5 Bed $402,3050.6%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    2.6%
    2 Bedrooms
    13.1%
    3 Bedrooms
    55.0%
    4 Bedrooms
    22.5%
    5+ Bedrooms
    5.7%

    Rental Trends — Hope Mills, NC

    As of July '25, Rentcast reports the average rent in Hope Mills, NC is $1,680, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Hope Mills, NC is 1-bedrooms: $1,280, 2-bedrooms: $1,260, 3-bedrooms: $1,690, 4-bedrooms: $2,190. The most common rental property sizes in Hope Mills, NC are 3-bedroom and 2-bedroom, accounting for 49.6% and 35.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,680
    Studio Rent N/AN/A
    1 Bed Rent $1,270$1,280
    2 Bed Rent $1,300$1,260
    3 Bed Rent $1,680$1,690
    4 Bed Rent $2,200$2,190
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    % of Rental Stock

    Studio
    2.0%
    1 Bedroom
    6.7%
    2 Bedrooms
    35.5%
    3 Bedrooms
    49.6%
    4 Bedrooms
    4.5%
    5+ Bedrooms
    1.8%

    Property Listings — Hope Mills, NC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Hope Mills, NC is 69. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$302,000-3.0%
    Listing Count
    		206-9.0%
    Listings as % of Homes1.2%-9.0%
    Days on Market
    		7535.0%
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    Demographics — Hope Mills, NC

    As of the latest ACS Survey released in 2023, Hope Mills, NC has a population of 38,900, which has increased by 9.1% over the past 5 years. Hope Mills, NC is a popular place for families, as children make up 29.6% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		38,9009.1%
    % Under 18
    		29.6%-1.0%
    % Seniors
    		11.1%24.7%
    % WFH
    		8.1%285.7%
    % w/ College Degree
    		22.1%4.2%
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    As of the latest ACS Survey released in 2023, Hope Mills, NC is a predominantly white area, with 48.8% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Hope Mills, NC is black, making up 27.7% of the population. Foreign-born residents account for 4.7% of the population in Hope Mills, NC, and this percentage has increased by 4.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		48.8%-7.9%
    % Black
    		27.7%-1.1%
    % Hispanic
    		13.4%30.1%
    % Asian
    		2.2%46.7%
    % Foreign Born
    		4.7%4.4%
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    Mortgage and Risk — Hope Mills, NC

    According to HUD data as of 2023, there were 1249 mortgage originations in Hope Mills, NC, of which 36.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in Hope Mills, NC. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,249
    % Conventional Loans
    		36.0%
    % Government Loans
    		64.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Hope Mills, NC

    As of 2024, the percent of homes in Hope Mills, NC under the Section 8 program is 3.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Hope Mills, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		130
    Total Units Section 8
    		125
    % Rentals under Section 8
    		3.3%
    % Occupied Section 8
    		92.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$190$1,270$1,080
    2 Bedroom-$70$1,300$1,230
    3 Bedroom-$20$1,680$1,660
    4 Bedroom-$130$2,200$2,070

    Affordability — Hope Mills, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$261,000
    Median Household Income$65,200

    Hope Mills, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions