Hope Mills, NC—28348
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hope Mills, NC
As of Oct '25, the median home price in Hope Mills, NC is $254,000, with a year-over-year change of 0.6%. This indicates that home prices in Hope Mills, NC are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | 0.6% |
| Single Family | $254,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $152,000 | 7.8% |
3 Bed | $225,000 | 0.9% |
4 Bed | $327,000 | 0.9% |
| 5 Bed | $404,000 | 0.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Hope Mills, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Hope Mills, NC is 65. This is a increase of 7.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $308,000 | 1.0% |
Listing Count | 214 | 1.0% |
| Listings as % of Homes | 1.2% | 1.0% |
Days on Market | 65 | 7.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Hope Mills, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $254,000 |
| Median Household Income | $65,200 |