Hope, AR—71801
Real Estate Data & Market Trends
Key Metrics at a Glance
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 |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Hope, AR
As of Nov '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 | $165,000 | 25.0% |
Listing Count | 50 | 26.0% |
| Listings as % of Homes | 0.5% | 26.0% |
Days on Market | 122 | 14.0% |
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% |
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% |
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% |
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 |
Affordability — Hope, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $118,000 |
| Median Household Income | $47,700 |