The housing market in Hope, AR is performing well above the national average. The median value of a house in Hope is $81,200, which is significantly lower than the US median of $338,100. However, the one year appreciation rate of houses in Hope is 17.64%, compared to only 8.27% for the national level. This indicates that real estate prices are increasing quickly in Hope and offer attractive prospects for buyers looking to invest in the area.
The median home cost in Hope is $81,200. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Hope is up 17.9%.
Average Age of Homes
- The median age of Hope real estate is 44 years old
The Rental Market in Hope
- Renters make up 33.2% of the Hope population
- 5.8% of houses and apartments in Hope, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.