Mount Hope, AL—35651
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Hope, AL
As of Oct '25, the median home price in Mount Hope, AL is $237,000, with a year-over-year change of 0.0%. This indicates that home prices in Mount Hope, AL are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $237,000 | 0.0% |
| Single Family | $236,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mount Hope, AL
Mount Hope, AL 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 — Mount Hope, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Hope, AL is 4. This is a decrease of -94.0% 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 | $200,000 | 64.0% |
Listing Count | 1 | 133.0% |
| Listings as % of Homes | 0.3% | 133.0% |
Days on Market | 4 | -94.0% |
Demographics — Mount Hope, AL
As of the latest ACS Survey released in 2023, Mount Hope, AL has a population of 1,390, which has increased by 10.4% over the past 5 years. Mount Hope, AL is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,390 | 10.4% |
% Under 18 | 24.7% | -3.1% |
% Seniors | 15.7% | -12.8% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 33.2% | 503.6% |
Mount Hope, AL lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.3% | 17.0% |
% Black | 0.9% | -66.7% |
% Hispanic | 0.4% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Mount Hope, AL
According to HUD data as of 2023, there were 26 mortgage originations in Mount Hope, AL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Mount Hope, AL. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 26 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Mount Hope, AL
Mount Hope, AL 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 | $690 |
| 2 Bedroom | N/A | N/A | $840 |
| 3 Bedroom | N/A | N/A | $1,090 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Mount Hope, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $237,000 |
| Median Household Income | $75,900 |