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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

Housing Overview

Median Home Value
$424,100
50% above
US avg: $281,900
Median Rent
$1,393/mo
20% above
US avg: $1,163/mo
Homeownership Rate
81.3%
24% above US avg (65.4%)
Total Housing Units
744
Median year built: 1981

Home Value by Source

Census Median
$424,100
Zillow (ZHVI)
$468,990
Median Sale Price
$417,500
Median List Price
$399,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

81.3%
Owner-Occupied
18.7%
Renter-Occupied
81%
19%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,325/mo
1 Bedroom
$1,394/mo
2 Bedroom
$1,727/mo
3 Bedroom
$2,099/mo
4 Bedroom
$2,449/mo
Census median rent: $1,393/mo

Market Indicators (Redfin)

Median Days on Market
82 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$245
Active Inventory
2
homes for sale

Affordability & Housing Stock

Rent Burden
44.3%
of renters spending 30%+ of income on housing
43% above US avg (31.0%)
Median Year Built
1981
Average age of housing stock: 45 years
Homeownership Rate
81.3%

Complete Housing Data

Home Values

Census Median Value$424,100
Zillow Home Value (ZHVI)$468,990
Median Sale Price$417,500
Median List Price$399,900
Price Per Sq Ft$245

Rent

Census Median Rent$1,393
FMR Studio$1,325
FMR 1-Bedroom$1,394
FMR 2-Bedroom$1,727
FMR 3-Bedroom$2,099
FMR 4-Bedroom$2,449

Market

Days on Market82
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold2
Active Inventory2
Price Per Sq Ft$245

Ownership & Stock

Owner-Occupied81.3%
Renter-Occupied18.7%
Homeownership Rate81.3%
Total Housing Units744
Median Year Built1981
Rent Burden44.3%