Hope, MI—48628
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hope, MI
As of Oct '25, the median home price in Hope, MI is $207,000, with a year-over-year change of 0.5%. This indicates that home prices in Hope, MI are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | 0.5% |
| Single Family | $207,000 | 1.0% |
| 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 | $220,000 | 1.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hope, MI
Hope, MI 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, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Hope, MI is 76. This is a increase of 18.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $395,000 | 26.0% |
Listing Count | 12 | -18.0% |
| Listings as % of Homes | 0.4% | -18.0% |
Days on Market | 76 | 18.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
Mortgage and Risk — Hope, MI
Hope, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip 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 |
Loan Activity
No data available
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | N/A | N/A | $1,350 |
| 3 Bedroom | N/A | N/A | $1,770 |
| 4 Bedroom | N/A | N/A | $1,870 |
Affordability — Hope, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $207,000 |
| Median Household Income | $89,200 |