Zip 02831 (Hope, RI) Housing

The housing market in 02831 Hope, RI is performing better than the US average. The median value of housing in Hope is $466,300 which is significantly higher than the US median of $338,100. Additionally, over the last year house appreciation was 10.78%, which is greater than the 8.27% seen nationally - suggesting this area of Rhode Island a great place to invest in real estate.

The median home cost in Hope (zip 02831) is $466,300. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Hope (zip 02831) is up 16.0%.

Average Age of Homes

- The median age of Hope (zip 02831) real estate is 44 years old

The Rental Market in Hope (zip 02831)

- Renters make up 11.7% of the Hope (zip 02831) population
- 1.7% of houses and apartments in Hope (zip 02831), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hope, Rhode Island	United States
	1,544.0	139,647,020.0
	52	42
	$466,300	$338,100
	16.0%	16.6%
	60.5%	57.0%
	91.2%	101.1%
	$16.45	$10.98
	$5,726	$2,690
	83.3%	57.4%
	4.6%	11.2%
	12.1%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.9%	3.9%
	0.0%	4.5%
	1.7%	11.3%
	9.2%	13.0%
	27.1%	20.1%
	23.2%	13.6%
	17.8%	8.3%
	17.8%	9.7%
	2.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.8%	13.6%
	4.8%	13.6%
	11.4%	13.6%
	19.4%	13.2%
	11.9%	14.8%
	11.4%	13.6%
	7.6%	10.0%
	2.7%	4.7%
	32.4%	12.2%

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