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City · 8,671 residents · Hempstead County, Arkansas

Hope , Arkansas

In Hope, a typical home is worth $91,900 and typical rent is $823 a month. Compared with all of Hempstead County, typical household income is 20% lower, the typical home value is 13% lower, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $91,900

    13% below the county

    51% below Arkansas

    • Hope
    • Hempstead
    • Arkansas

  • Typical rent

    $823a month

    About the same as the county

    13% below Arkansas

    • Hope
    • Hempstead
    • Arkansas

  • Typical household income

    $37,500a year

    20% below the county

    38% below Arkansas

    • Hope
    • Hempstead
    • Arkansas

  • Households that own their home

    60%

    11 points below the county

    6 points below Arkansas

    • Hope
    • Hempstead
    • Arkansas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$117,726
3.5% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Hope is in Hempstead County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hempstead County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hope apart

What this place has that others do not, from public data, most unusual first.

  1. Hope has the 3rd largest share of rent-burdened renters of the 65 cities in Arkansas with more than 5,000 people (61%).

  2. Hope has the 4th lowest typical home value of the 71 cities in Arkansas with more than 5,000 people ($91,900).

  3. Nearby, in Magnolia, the typical rent is $633: 23% less than in Hope ($823).

  4. The typical household income in Hope is $37,500, 20% less than in Hempstead County as a whole ($46,787).

  5. 60% of households in Hope own their home, against 72% in Hempstead County.

  6. 13% of households in Hope have no internet at home (18% in Hempstead County).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Hope

What homes there are in Hope, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Hope, 7 in 10 homes are single-family detached houses, about the same as in Hempstead County.

Year built

The typical year built in Hope is 1976, about the same as in Hempstead County (1979).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,174 a month

Hempstead County: $1,132 a month

Without a mortgage

$402 a month

Hempstead County: $391 a month

Owners with a mortgage

40%

Hempstead County: 39%

Owning costs about the same in Hope as in Hempstead County: with a mortgage, $1,174 a month; without one, $402.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Hope gained value more slowly than in Hempstead County: 18% since 2015–2019, against 30%.

The typical rent in Hope rose 18% since 2015–2019, about the same as in Hempstead County (17%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHopeHempstead CountyArkansasUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.4%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.7%3.4%
People per household 2.382.572.462.53
Drive alone 91%86%79%69%
Carpool Unreliable estimate8%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate4%9%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutesUnreliable estimate10 to 19 minutes20 to 29 minutes

Fewer people live in each home here: 2.38 on average, against 2.57 in Hempstead County.

In Hope, 91% of workers drive alone to work; in Hempstead County, 86%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Hope?

A typical home is within reach of the typical income

We start with a typical home in Hope, worth $91,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 24% of the typical household income in Hope, which is $37,500 a year.

The calculator's FHA and conventional loan limits are those of all of Hempstead County.

Your numbers

Local data
$

Starts at the typical home value in Hope. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,217 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$735

at 7.18% · 30 years

Loan amount
$90,235
Total interest
$129,827
Paid off in
November 2056

Includes $1,552 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $875 a month

    Your payment · 24%

  • Tight

    $875 to $1,125 a month

  • Hard

    more than $1,125 a month

Compared with the typical household income in Hope ($37,500 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$735
Principal & interest$611
Property tax$45
Home insurance$38
FHA mortgage insurance (MIP)$41

You need at least $3,217 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Hope and Hempstead County

Hope is in Hempstead County, Arkansas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Hope's own numbers

Typical home value
$91,900
Typical monthly rent
$823
Typical yearly household income
$37,500
Households that own their home
60%
Effective property tax rate
0.59%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hempstead County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$909
Price change over 5 years (FHFA)
+38%
Homes in a high flood-risk zone
1.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hempstead County.

Everything about Hempstead County

Buying

Buying a home in Hope

A typical home in Hope is worth $91,900: 13% below the county and 51% below Arkansas. With the typical household income in Hope ($37,500 a year), a typical home costs 2.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Hope 2.5 years
  • Hempstead 2.3 years
  • Arkansas 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hempstead County

According to FHFA’s house price index, home prices in Hempstead County rose 48% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hempstead County.

Period County Arkansas U.S.
Last year (2025) −4.6% +3.4% +2.9%
5 years (2020–2025) +38% +52% +47%
10 years (2015–2025) +48% +79% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Hope next to Hempstead County, Arkansas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Hope $91,900
  • Hempstead $105,700
  • Arkansas $188,000
  • United States $332,700
Typical monthly rent
  • Hope $823
  • Hempstead $815
  • Arkansas $947
  • United States $1,413
Typical yearly household income
  • Hope $37,500
  • Hempstead $46,787
  • Arkansas $60,773
  • United States $80,734
See the full table
Hope next to Hempstead County and Arkansas
Measure Hope Hempstead County Arkansas U.S.
Typical home value $91,900 $105,700 $188,000 $332,700
Typical monthly rent $823 $815 $947 $1,413
Typical yearly household income $37,500 $46,787 $60,773 $80,734
Households that own their home 60% 72% 66% 65%
Typical yearly property tax $541 $601 $1,040 $3,119
Effective property tax rate 0.59% 0.57% 0.55% 0.94%
Renters with high rent for their income 61% 62% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hempstead County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Hope

For a typical $91,900 home in Hope, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hope's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $735a month

    Least cash to close
    Down payment
    $3,217
    Cash to close
    $5,974
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $41

  • Conventional, 5% down $719a month

    Down payment
    $4,595
    Cash to close
    $7,352
    Rate
    7.18%
    Mortgage insurance
    PMI · $44

  • Conventional, 20% down, no PMI $582a month

    Down payment
    $18,380
    Cash to close
    $21,137
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $666a month

    Down payment
    $13,785
    Cash to close
    $16,542
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Hope and for Hempstead County.

Property tax

Effective rate in Hope

0.59%of the home’s value each year

$541 a year for the typical owner in Hope.

  • Hope 0.59%
  • Hempstead 0.57%
  • Arkansas 0.55%

What Arkansas publishes Homestead property tax credit (Arkansas General Assembly (Act 174 of the 2026 Fiscal Session))

Exemptions and deadlines in Arkansas

Flood risk in Hempstead County

FEMA does not publish these numbers by city: they are for all of Hempstead County.

Homes in the high-risk zone
1.3%
118
Of those, with NFIP insurance
3.4%
County Arkansas U.S.
Homes in the high-risk zone 1.3% 3.4% 3.5%
Of those, with NFIP insurance 3.4% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hope

Typical rent in Hope is $823 a month: about the same as the county. In Hope, 61% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hempstead County, by unit size. To pay the 2-bedroom one ($909 a month) without spending more than 30% of your income, you would need to earn $17.48 an hour working full time.

HUD fair market rent for all of Hempstead County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $679 $13.06 $27,160
1 bedroom $835 $16.06 $33,400
2 bedrooms $909 $17.48 $36,360
3 bedrooms $1,224 $23.54 $48,960
4 bedrooms $1,313 $25.25 $52,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Hope

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hope is in ZIP code 71801.

For 2 bedrooms it is $920: $11 more than the fair market rent for Hempstead County ($909).

  • 71801 $920$1,240

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hope when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Hope

HUD lists 7 buildings with rents for lower incomes in Hope. These are the largest.

  • Vander Lloyd Memorial Homes 712 Texas St, Hope 71801 200 low-income homes · Run by Hope Housing Authority · Average payment: $316 a month · Average wait: 10 months · Homes at several sites (870) 777-5742
  • Southwest Arkansas Developmental Homes 205 S Jones ST, Hope 71801 76 homes, 70 low-income · For people with disabilities (870) 845-2562
  • Emerald Village at Hope 2406 Rocky Mound Rd, Hope 71801 48 low-income homes · 2 bd: 48 · In service since 2016
  • Kelly Memorial Homes 7 Kelly Homes, Hope 71801 48 low-income homes · For older adults (870) 777-5742
  • Peaks at Hope 2206 Bill Clinton Dr, Hope 71801 48 homes, 47 low-income · Studio: 1 · 1 bd: 6 · 2 bd: 17 · 3 bd: 24 · In service since 2012

See all 7 buildings in Hempstead County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Hope

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Hempstead County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Hope

No down payment, repair or rent-help program on our list is for Hope or Hempstead County. The ones below are statewide in Arkansas: they work in Hope the same as in the rest of the state.

Which programs do I qualify for? All programs in Arkansas

  • ADFA Down Payment Assistance Loan Program

    Statewide in Arkansas

    Arkansas state authority second mortgage of $1,000 to $15,000 for the down payment and closing costs, over 10 years and at the same rate as the ADFA first mortgage (Move-Up or StartSmart). Offered by Arkansas Development Finance Authority (ADFA).

    Repayable

    See the program Official page

Housing counselors near Hope

The HUD-approved agencies closest to the center of Hope, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southern Bancorp Community Partners

    206 Airport Rd, Hot Springs · 64 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    501-406-6000-2863

  • In Affordable Housing, Incorporated

    3224 Shackleford Pass, Little Rock · 100 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 4 more
    (501) 221-2203

  • Southern Bancorp Community Partners

    3999 W 12th St, Little Rock · 104 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (501) 406-6000

All counseling agencies in Arkansas

Help in Spanish near Hope

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Hope

HUD’s record names them for Hope or Hempstead County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Hope Housing Authority Public housing and Section 8 vouchers (870) 777-5742

All housing agencies in Arkansas Source: HUD

Cities

Nearby cities

The cities closest to Hope, with the typical home value.

Everything about Hempstead County Housing in Arkansas

Neighboring counties

If Hempstead County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Hope.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Hope

Short answers with the numbers for Hope and all of Hempstead County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Hope?

The typical home value in Hope is $91,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hempstead County it is $105,700.

How much does it cost to rent in Hope?

Typical rent in Hope is $823 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hempstead County is $909.

What is the FHA loan limit in Hope?

Hope uses the FHA limit for all of Hempstead County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Hope?

The typical homeowner in Hope pays $541 a year, according to the U.S. Census Bureau. That is 0.59% of the home’s value; in Hempstead County, the rate is 0.57%.

Where can I find free help to buy or rent in Hope?

We found no HUD-approved counseling agencies with an office in Hempstead County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).