Hope Mills, NC 28348 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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

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 — 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 Type	Median Home Value	YoY % Change
All Homes	$261,000	0.7%
Single Family	$262,000	1.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,680
Studio Rent	N/A	N/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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$302,000	-3.0%
Listing Count	206	-9.0%
Listings as % of Homes	1.2%	-9.0%
Days on Market	75	35.0%

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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.

Metric	Latest Census	YoY % Change
Population	38,900	9.1%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max 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

Hope Mills, NC—28348

Key Metrics at a Glance

Home Price Trends — Hope Mills, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hope Mills, NC

% of Rental Stock

Property Listings — Hope Mills, NC

Demographics — Hope Mills, NC

Race and Ethnicity

Mortgage and Risk — Hope Mills, NC

Mortgages

Rentals and Section 8 — Hope Mills, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Hope Mills, NC

Home Price to Income Ratio

Hope Mills, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Fayetteville, NC

Parkton, NC

Fayetteville, NC

Fayetteville, NC

Saint Pauls, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$261,000
Median Household Income	$65,200

Hope Mills, NC—28348

Key Metrics at a Glance

Home Price Trends — Hope Mills, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hope Mills, NC

% of Rental Stock

Property Listings — Hope Mills, NC

Demographics — Hope Mills, NC

Race and Ethnicity

Mortgage and Risk — Hope Mills, NC

Mortgages

Rentals and Section 8 — Hope Mills, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Hope Mills, NC

Home Price to Income Ratio

Hope Mills, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Fayetteville, NC

Parkton, NC

Fayetteville, NC

Fayetteville, NC

Saint Pauls, NC

Frequently Asked Questions

What is the average home price in Hope Mills, NC 28348?

How have home prices in Hope Mills, NC 28348 changed over the past year?

What is the home price projection for Hope Mills, NC 28348?

What are the demographics of Hope Mills, NC 28348?

How long does it take homes to sell in Hope Mills, NC 28348?

What is the average rent price in Hope Mills, NC 28348?