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Hope, AR—71801

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$119,000
3.4% YoY Growth
Household Income
$47,700
13.3% YoY Growth
Days on Market
92
25.0% 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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hope, AR

Hope, AR lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$119,0003.4%
Single Family $119,0003.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

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  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.6%
    1 Bedroom
    5.0%
    2 Bedrooms
    27.6%
    3 Bedrooms
    52.5%
    4 Bedrooms
    10.6%
    5+ Bedrooms
    0.6%

    Rental Trends — Hope, AR

    Hope, AR lacks sufficient rental market data for analysis.

    TypeMedian RentAverage 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/AN/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 May '26, Realtor.com reports that the median days on market for a home in Hope, AR is 92. This is a increase of 25.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$152,0001.0%
    Listing Count
    		48-1.0%
    Listings as % of Homes0.5%-1.0%
    Days on Market
    		9225.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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

    MetricZip 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%
    Loading chart...
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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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$60$750$690
    2 Bedroom-$40$950$910
    3 Bedroom$350$850$1,200
    4 BedroomN/AN/A$1,490

    Affordability — Hope, AR

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.4
    Median Home Price$119,000
    Median Household Income$47,700

    Hope, AR — ZIP Code Boundary Map

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    Frequently Asked Questions