Hope, ME 04847 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hope, ME—04847

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$395,000

3.7% YoY Growth

Household Income

$83,500

31.5% YoY Growth

Days on Market

38.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Hope, ME

Hope, ME lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$395,000	-3.7%
Single Family	$395,000	-3.4%
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, ME

Hope, ME 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

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% of Rental Stock

Studio

4.2%

1 Bedroom

16.9%

2 Bedrooms

25.4%

3 Bedrooms

53.5%

Property Listings — Hope, ME

As of Nov '25, Realtor.com reports that the median days on market for a home in Hope, ME is 89. This is a decrease of -38.0% 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	$552,000	9.0%
Listing Count	2	-28.0%
Listings as % of Homes	0.2%	-28.0%
Days on Market	89	-38.0%

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Demographics — Hope, ME

As of the latest ACS Survey released in 2023, Hope, ME has a population of 1,710, which has increased by 8.1% over the past 5 years. Hope, ME is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,710	8.1%
% Under 18	21.6%	-15.6%
% Seniors	21.3%	21.0%
% WFH	13.1%	0.0%
% w/ College Degree	42.7%	6.5%

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As of the latest ACS Survey released in 2023, Hope, ME is a predominantly white area, with 95.9% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Hope, ME is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.5% of the population in Hope, ME, and this percentage has decreased by 54.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	95.9%	-1.7%
% Black	0.0%	N/A
% Hispanic	0.9%	-25.0%
% Asian	0.8%	33.3%
% Foreign Born	0.5%	-54.5%

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Mortgage and Risk — Hope, ME

According to HUD data as of 2023, there were 46 mortgage originations in Hope, ME, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Hope, ME. Investor activity is low, as 2.0% 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	46
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	2.0%
% Second Loans	11.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Hope, ME

Hope, ME 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	$1,020
2 Bedroom	N/A	N/A	$1,210
3 Bedroom	N/A	N/A	$1,510
4 Bedroom	N/A	N/A	$1,850

Hope, ME—04847

Key Metrics at a Glance

Home Price Trends — Hope, ME

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hope, ME

% of Rental Stock

Property Listings — Hope, ME

Demographics — Hope, ME

Race and Ethnicity

Mortgage and Risk — Hope, ME

Mortgages

Rentals and Section 8 — Hope, ME

Section 8 Market Size

Section 8 Opportunity

Affordability — Hope, ME

Home Price to Income Ratio

Hope, ME — ZIP Code Boundary Map

Nearby ZIP Codes

Union, ME

Camden, ME

Rockport, ME

Warren, ME

Rockland, ME

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$395,000
Median Household Income	$83,500

Hope, ME—04847

Key Metrics at a Glance

Home Price Trends — Hope, ME

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hope, ME

% of Rental Stock

Property Listings — Hope, ME

Demographics — Hope, ME

Race and Ethnicity

Mortgage and Risk — Hope, ME

Mortgages

Rentals and Section 8 — Hope, ME

Section 8 Market Size

Section 8 Opportunity

Affordability — Hope, ME

Home Price to Income Ratio

Hope, ME — ZIP Code Boundary Map

Nearby ZIP Codes

Union, ME

Camden, ME

Rockport, ME

Warren, ME

Rockland, ME

Frequently Asked Questions

What is the average home price in Hope, ME 04847?

How have home prices in Hope, ME 04847 changed over the past year?

What is the home price projection for Hope, ME 04847?

What are the demographics of Hope, ME 04847?

How long does it take homes to sell in Hope, ME 04847?

What is the average rent price in Hope, ME 04847?