Hope, AR 71801 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hope, AR—71801

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$118,000

1.2% YoY Growth

Household Income

$47,700

13.3% YoY Growth

Days on Market

9.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$750

N/A

1-Bed Rent

$750

N/A

2-Bed Rent

$950

N/A

3-Bed Rent

$850

N/A

Home Price Trends — Hope, AR

Hope, AR lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$118,000	-1.2%
Single Family	$118,000	-0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Hope, AR

Hope, AR lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$750	$775
Studio Rent	$550	$550
1 Bed Rent	$750	$750
2 Bed Rent	$950	$950
3 Bed Rent	$850	$850
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

10.9%

1 Bedroom

5.8%

2 Bedrooms

36.5%

3 Bedrooms

42.9%

4 Bedrooms

3.9%

Property Listings — Hope, AR

As of Dec '25, Realtor.com reports that the median days on market for a home in Hope, AR is 122. This is a increase of 14.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$134,000	17.0%
Listing Count	52	26.0%
Listings as % of Homes	0.5%	26.0%
Days on Market	96	9.0%

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Demographics — Hope, AR

As of the latest ACS Survey released in 2023, Hope, AR has a population of 14,900, which has decreased by -12.1% over the past 5 years. Hope, AR is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 14.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,900	-12.1%
% Under 18	26.4%	-5.0%
% Seniors	18.5%	12.1%
% WFH	2.2%	-31.2%
% w/ College Degree	14.1%	1.4%

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As of the latest ACS Survey released in 2023, Hope, AR is a predominantly white area, with 47.8% of the population identifying as white. The white population has shrunk by 12.9% in the last 5 years. The second most common race or ethnicity in Hope, AR is black, making up 30.9% of the population. Foreign-born residents account for 9.2% of the population in Hope, AR, and this percentage has increased by 48.4% 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	47.8%	-12.9%
% Black	30.9%	2.3%
% Hispanic	17.9%	32.6%
% Asian	0.6%	500.0%
% Foreign Born	9.2%	48.4%

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Mortgage and Risk — Hope, AR

According to HUD data as of 2023, there were 139 mortgage originations in Hope, AR, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Hope, AR. Investor activity is low, as 6.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	139
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	6.0%
% Second Loans	3.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Hope, AR

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

Section 8 Market Size

Total Units under HUD	472
Total Units Section 8	280
% Rentals under Section 8	N/A
% Occupied Section 8	70.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$60	$750	$690
2 Bedroom	-$40	$950	$910
3 Bedroom	$350	$850	$1,200
4 Bedroom	N/A	N/A	$1,490

Hope, AR—71801

Key Metrics at a Glance

Home Price Trends — Hope, AR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hope, AR

% of Rental Stock

Property Listings — Hope, AR

Demographics — Hope, AR

Race and Ethnicity

Mortgage and Risk — Hope, AR

Mortgages

Rentals and Section 8 — Hope, AR

Section 8 Market Size

Section 8 Opportunity

Affordability — Hope, AR

Home Price to Income Ratio

Hope, AR — ZIP Code Boundary Map

Nearby ZIP Codes

Harmony, AR

Washington, AR

McNab, AR

Blevins, AR

Ozan, AR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$118,000
Median Household Income	$47,700

Hope, AR—71801

Key Metrics at a Glance

Home Price Trends — Hope, AR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hope, AR

% of Rental Stock

Property Listings — Hope, AR

Demographics — Hope, AR

Race and Ethnicity

Mortgage and Risk — Hope, AR

Mortgages

Rentals and Section 8 — Hope, AR

Section 8 Market Size

Section 8 Opportunity

Affordability — Hope, AR

Home Price to Income Ratio

Hope, AR — ZIP Code Boundary Map

Nearby ZIP Codes

Harmony, AR

Washington, AR

McNab, AR

Blevins, AR

Ozan, AR

Frequently Asked Questions

What is the average home price in Hope, AR 71801?

How have home prices in Hope, AR 71801 changed over the past year?

What is the home price projection for Hope, AR 71801?

What are the demographics of Hope, AR 71801?

How long does it take homes to sell in Hope, AR 71801?

What is the average rent price in Hope, AR 71801?