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Housing Affordability in Hope, AR
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 35.1%
- Arkansas 25.7%
- Renters paying 30%+
- 60.9%
- Arkansas 44.8%
- Homeowners paying 30%+
- 19.7%
- Arkansas 17.1%
- Owner costs with a mortgage
- $1,174/mo
- Arkansas $1,345/mo
Hope has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more75960.9%
- Homeowners paying 30% or more41119.7%
- Renters paying 50% or more29223.4%
- Median rent as a share of income: 35.5%
- Median owner costs as a share of income, with a mortgage: 20.7%
- Median owner costs without a mortgage: $402/mo
- Median home value divided by median household income: 2.5
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Hope, AR | 35.1% | 60.9% | 19.7% | 35.5% |
| Hempstead County | 26.9% | 62.0% | 15.9% | 34.8% |
| Arkansas | 25.7% | 44.8% | 17.1% | 27.6% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Hope, AR?
- In Hope, AR, 35.1% of households spend 30% or more of their income on housing costs.
- How does Hope compare with Arkansas?
- The households paying 30%+ for housing in Hope is 35.1%, compared with 25.7% for Arkansas as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates