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Hope Valley, RI

Full City Profile · Rhode Island · Washington County County

3.2 /5.0
B Good
2,147 Population 647/sq mi density
$98,481 Median Income $42,854 per capita
$424,100 Home Value $468,990 Zillow
$1,393 Median Rent 44.3% income on rent
51°F Avg Temperature 271 sunny days/yr
49 Violent Crime/100K 1,477 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$98,481 median income, 4.5% unemployment
A
Affordability
4.3 / 5.0
$424,100 home value, $1,393/mo rent
F
Safety
1.0 / 5.0
49 violent crimes/100K
B
Education
3.1 / 5.0
26.1% bachelor's degree or higher

Hope Valley, RI

At a Glance

Median Income
$98,481
31% above
$42,854 per capita
Home Value
$424,100
50% above
Zillow: $468,990
Median Rent
$1,393/mo
20% above
44.3% of income on rent
Violent Crime
49/100K
87% below
1,477/100K property
Bachelor's Degree+
26.1%
23% below
82.6% high school+
Unemployment
4.5%
25% above
6.0% poverty rate
Obesity Rate
29.4%
8% below
13.4% smoking rate
Avg Temperature
51°F
271 sunny days/yr

How Hope Valley Compares to the U.S. Average

Each bar shows Hope Valley's value as a percentage of the national average (100% = U.S. avg)

Income
131%
Home Value
150%
Rent
120%
Poverty
48%
Bachelor's
77%
Unemployment
125%
Crime
13%
Thin vertical line = U.S. national average (100%)

Is Hope Valley a Good Place to Live?

B
3.2 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Hope Valley residents earn a median household income of $98,481 , which is 31% above the national average of $75,149. Per capita income is $42,854. The unemployment rate stands at 4.5% (25% above the U.S. rate of 3.6%). 6.0% of residents live below the poverty line. The area is home to 5,814 business establishments, including 466 restaurants.

Housing & Cost of Living

The median home value in Hope Valley is $424,100 , 50% above the national median of $281,900. Zillow estimates the typical home at $468,990. Median rent is $1,393/month, with 44.3% of renters spending more than 30% of income on housing. The cost of living index is 102.3 (100 = national average). The median home was built in 1981.

Safety & Crime

Hope Valley reports 49 violent crimes per 100,000 residents , which is 87% below the national average of 380/100K. Property crime is 1,477/100K.

Education

26.1% of adults in Hope Valley hold a bachelor's degree or higher (23% below the national average). 82.6% have completed high school. Local schools score 7.0/10 in standardized testing.

Climate & Weather

Hope Valley has an average annual temperature of 51°F (10°C). Winters average 27°F in January while summers reach 74°F in July. The area gets 271 sunny days per year. Annual precipitation totals 52.0 inches. Air quality is rated Good with a median AQI of 35.

Data Overview

People

Population2,147
Median Age41.8 yrs
Density647/mi²
Male / Female58% / 42%
Foreign Born13.6%
Veterans11.2%

Economy

A+
Median Income$98,481
Per Capita$42,854
Unemployment4.5%
Poverty6.0%
County GDP$9,768M
Avg Weekly Wage$1,206

Housing

A
Home Value$424,100
Rent$1,393
Ownership81.3%
Zillow$468,990
Housing Units744
Rent Burden44.3%

Crime

F
Violent49/100K
Property1,477/100K

Health

Obesity29.4%
Diabetes7.8%
Smoking13.4%
Heart Disease5.4%
Premature Death5,474/100K

Climate

Avg Temp51°F
Sunny Days271/yr
Rain52.0 in/yr
AQI35 (Good)
Elevation130 ft

Education

B
Bachelor's+26.1%
High School+82.6%
Graduate+2.1%
School Score7.0/10

Community

2024 VoteR 41% / D 56%
Commute31 min
Broadband100.0%
Internet Speed239 Mbps
EV Stations7
Libraries14

Did You Know?

The median home in Hope Valley was built in 1981.
The nearest airport is Rhode Island Tf Green International (21 miles).
The Gini coefficient (income inequality) is 0.427 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
15.8% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 239 Mbps.
There are 466 restaurants in the area.
The county recorded 13 fatal vehicle crashes.
182 declared natural disasters on record.