Hope Valley, RI
Full City Profile · Rhode Island · Washington County County
3.8
/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
50°F
Avg Temperature
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$98,481 median income, 6.9% unemployment
A
Affordability
4.3 / 5.0
$424,100 home value, $1,393/mo rent
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
Redfin Median Sale
$417,500
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
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 Sale Price
$417,500
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 |
| Redfin Median Sale | $417,500 |
| 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 Market | 82 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 2 |
| Active Inventory | 2 |
| Price Per Sq Ft | $245 |
Ownership & Stock
| Owner-Occupied | 81.3% |
| Renter-Occupied | 18.7% |
| Homeownership Rate | 81.3% |
| Total Housing Units | 744 |
| Median Year Built | 1981 |
| Rent Burden | 44.3% |