Hope, IN—47246
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hope, IN
As of Oct '25, the median home price in Hope, IN is $248,000, with a year-over-year change of 3.3%. This indicates that home prices in Hope, IN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | 3.3% |
| Single Family | $248,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 2.4% |
3 Bed | $246,000 | 3.4% |
4 Bed | $346,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hope, IN
Hope, IN 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, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hope, IN is 45. This is a decrease of -46.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $211,000 | 7.0% |
Listing Count | 20 | 190.0% |
| Listings as % of Homes | 0.7% | 190.0% |
Days on Market | 45 | -46.0% |
Demographics — Hope, IN
As of the latest ACS Survey released in 2023, Hope, IN has a population of 4,140, which has decreased by -4.5% over the past 5 years. Hope, IN is a popular place for families, as children make up 29.9% of the population. The area has a poorly educated workforce, with 19.0% 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 | 4,140 | -4.5% |
% Under 18 | 29.9% | 31.1% |
% Seniors | 12.0% | -24.5% |
% WFH | 8.1% | 189.3% |
% w/ College Degree | 19.0% | 9.2% |
As of the latest ACS Survey released in 2023, Hope, IN is a predominantly white area, with 91.8% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Hope, IN is asian, making up 2.2% of the population. Foreign-born residents account for 0.9% of the population in Hope, IN, and this percentage has increased by 125.0% 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 | 91.8% | -4.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.9% | 137.5% |
% Asian | 2.2% | ∞% |
% Foreign Born | 0.9% | 125.0% |
Mortgage and Risk — Hope, IN
According to HUD data as of 2023, there were 151 mortgage originations in Hope, IN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Hope, IN. Investor activity is low, as 1.0% 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 | 151 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Hope, IN
Hope, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Hope, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $248,000 |
| Median Household Income | $88,100 |