There are currently 4,244 real estate properties in Hope, AR, with a median automated valuation model (AVM) price of $76,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hope, AR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hope, AR, is $104,669.00, with the most expensive house in Hope, AR, topping out at $3,733,500.00 and the cheapest home in Hope, AR, clocking in at $19,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Hope, AR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hope, AR, is on a rollercoaster ride. The average rent price in Hope, AR, is $878.00. Indeed, when looking to rent in Hope, AR, you can expect to pay as little as $420.00 or as much as $2,640.00, with the average rent median estimated to be $800.00. The good news is that finding an affordable and desirable property to rent in Hope, AR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Hope, AR area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Hope, AR and much more. Save thousands at closing with home foreclosure listings in Hope, AR — up to 75% off market value!
Hope is located in Hempstead, Arkansas, with an estimated municipal population of 9,599 residents. All of the best foreclosed homes for sale in Hope are located in the following zip code areas on Foreclosure.com: 71801 71802. The estimated population per square kilometer (.62 miles) in Hope is 346.
So, about how much do homes cost in Hope? The most recent median value of resident-owned homes in Hope is 77,516. An estimated 54.9 percent of households in Hope own their homes, with an average family size of 3.28. The median household income in Hope is 37,832, with11.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hope, the median commute time of resident workers (in minutes) is 16.1. And last, but certainly not least, are you looking for homes to rent in Hope? If so, the average rent price paid by renters in Hope is 697, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Hope, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Hope is 36.1, split between 43.1 percent male versus 56.9 female. The percentage of residents who report being married in Hope is 38.6, with an average family size of 3.28.
The percentage of residents who report their race in Hope is as follows:
|Black / African American||44.9%|
|American Indian / Alaskan Native||0.8%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Hope? Or maybe you are searching for 55+ active adult communities in and/or near Hope?
The percentage of residents who report their age in Hope is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Hope with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Hope.
How do you know that living in -- or moving to -- Hope is right where you need to be? Perhaps you grew up in Hope or already live nearby; therefore, the decision to buy a home in Hope is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Hope for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Hope:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Hope.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Hope can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Hope, meanwhile, can field multiple offers from more qualified buyers.