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Hope, MI—48628

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$209,000
1.1% YoY Growth
Household Income
$89,200
55.7% YoY Growth
Days on Market
88
6.0% Longer YoY
Home Price Forecast
2.8%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hope, MI

As of Dec '25, the median home price in Hope, MI is $209,000, with a year-over-year change of 1.1%. This indicates that home prices in Hope, MI are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$209,0001.1%
Single Family $209,0002.0%
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
    		N/AN/A
    3 Bed
    		$223,0002.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    3.8%
    2 Bedrooms
    29.0%
    3 Bedrooms
    46.3%
    4 Bedrooms
    14.2%
    5+ Bedrooms
    4.8%

    Rental Trends — Hope, MI

    Hope, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    25.0%
    2 Bedrooms
    43.2%
    3 Bedrooms
    22.7%
    4 Bedrooms
    9.1%

    Property Listings — Hope, MI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Hope, MI is 81. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$239,000-28.0%
    Listing Count
    		7-16.0%
    Listings as % of Homes0.4%-16.0%
    Days on Market
    		886.0%
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    Demographics — Hope, MI

    As of the latest ACS Survey released in 2023, Hope, MI has a population of 1,920, which has decreased by -17.3% over the past 5 years. Hope, MI is a moderately popular place for families, as children make up 18.4% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,920-17.3%
    % Under 18
    		18.4%-8.9%
    % Seniors
    		23.5%27.7%
    % WFH
    		14.0%91.8%
    % w/ College Degree
    		25.9%28.9%
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    As of the latest ACS Survey released in 2023, Hope, MI is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Hope, MI is black, making up 1.4% of the population. Foreign-born residents account for 2.4% of the population in Hope, MI, and this percentage has increased by 300.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		93.2%-4.0%
    % Black
    		1.4%∞%
    % Hispanic
    		0.2%-83.3%
    % Asian
    		0.9%125.0%
    % Foreign Born
    		2.4%300.0%
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    Mortgage and Risk — Hope, MI

    Hope, MI lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
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    Rentals and Section 8 — Hope, MI

    Hope, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		4
    Total Units Section 8
    		4
    % Rentals under Section 8
    		6.8%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,030
    2 BedroomN/AN/A$1,350
    3 BedroomN/AN/A$1,770
    4 BedroomN/AN/A$1,870

    Affordability — Hope, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.2
    Median Home Price$209,000
    Median Household Income$89,200

    Hope, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Edenville

    48620

    Sanford, MI

    48657

    Midland, MI

    48642

    Rhodes, MI

    48652

    Beaverton, MI

    48612

    Frequently Asked Questions