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City · 17,939 residents · Cumberland County, North Carolina

Hope Mills , North Carolina

In Hope Mills, a typical home is worth $190,600 and typical rent is $1,141 a month. Compared with all of Cumberland County, typical household income is 7% higher, typical rent is 7% lower, and the share of households that own their home is 12 points higher.

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  • Typical home value

    $190,600

    4% below the county

    34% below North Carolina

    • Hope Mills
    • Cumberland
    • North Carolina

  • Typical rent

    $1,141a month

    7% below the county

    7% below North Carolina

    • Hope Mills
    • Cumberland
    • North Carolina

  • Typical household income

    $65,774a year

    7% above the county

    9% below North Carolina

    • Hope Mills
    • Cumberland
    • North Carolina

  • Households that own their home

    67%

    12 points above the county

    About the same as North Carolina

    • Hope Mills
    • Cumberland
    • North Carolina

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

Market now, with Zillow data

Zillow data
Typical home value
$261,428
0.6% more than 12 months ago
Typical rent
$1,673 a month
3.7% more than 12 months ago

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

Hope Mills is in Cumberland 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 Cumberland County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hope Mills apart

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

  1. Nearby, in Spring Lake, the typical home value is $124,000: 35% less than in Hope Mills ($190,600).

  2. Nearby, in Lumberton, the typical rent is $866: 24% less than in Hope Mills ($1,141).

  3. 67% of households in Hope Mills own their home, against 55% in Cumberland County.

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

The homes here

Housing in Hope Mills

What homes there are in Hope Mills, 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 Mills, 8 in 10 homes are single-family detached houses; in Cumberland County, 6.

Year built

Homes in Hope Mills are newer: the typical year built is 1995; in Cumberland County, 1988.

Homes in Hope Mills are bigger: 73% have 3 bedrooms or more; in Cumberland County, 70%.

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

At least 99% of owner-occupied homes in Hope Mills are worth less than $500,000, below the FHA loan limit for Cumberland County ($541,287).

Monthly rent with utilities

With a mortgage

$1,462 a month

Cumberland County: $1,508 a month

Without a mortgage

$492 a month

Cumberland County: $519 a month

Owners with a mortgage

74%

Cumberland County: 66%

The typical cost for an owner with a mortgage in Hope Mills is $1,462 a month, near the figure in Cumberland County ($1,508).

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

The typical home value in Hope Mills rose 41% since 2015–2019, less than in Cumberland County (47%).

Rents in Hope Mills rose more slowly than in Cumberland County: 23% since 2015–2019, against 30%.

While home values in Hope Mills changed +41% and rent +23%, the typical household income rose 34%.

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

MeasureHope MillsCumberland CountyNorth CarolinaUnited States
Rental vacancy Unreliable estimate5.5%7.1%5.5%
Homeowner vacancy Unreliable estimate1.1%1.3%0.9%
More than one person per room Unreliable estimate2.6%2.2%3.4%
People per household 2.712.482.442.53
Drive alone 78%76%72%69%
Carpool 11%10%9%9%
Public transit Unreliable estimate0%1%3%
Walk or bike Unreliable estimate5%2%3%
Work from home 9%8%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Households in Hope Mills are bigger: 2.71 people on average; in Cumberland County, 2.48.

To get to work, 78% of workers in Hope Mills drive alone; in Cumberland County, 76%.

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 Mills?

A typical home is tight for the typical income

We start with a typical home in Hope Mills, worth $190,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Hope Mills, which is $65,774 a year. For that payment to be 28% of income, a household would need to earn about $68,907 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Hope Mills. 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 $6,671 (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

$1,608

at 7.18% · 30 years

Loan amount
$187,148
Total interest
$269,262
Paid off in
November 2056

Includes $3,219 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,535 a month

  • Tight

    $1,535 to $1,973 a month

    Your payment · 29%

  • Hard

    more than $1,973 a month

Compared with the typical household income in Hope Mills ($65,774 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,608
Principal & interest$1,268
Property tax$176
Home insurance$79
FHA mortgage insurance (MIP)$84

You need at least $6,671 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 Mills and Cumberland County

Hope Mills is in Cumberland County, North Carolina. 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 Mills's own numbers

Typical home value
$190,600
Typical monthly rent
$1,141
Typical yearly household income
$65,774
Households that own their home
67%
Effective property tax rate
1.11%

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

Numbers for all of Cumberland County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,476
Price change over 5 years (FHFA)
+67%
Homes in a high flood-risk zone
0.9%

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 Cumberland County.

Everything about Cumberland County

Buying

Buying a home in Hope Mills

A typical home in Hope Mills is worth $190,600: 4% below the county and 34% below North Carolina. With the typical household income in Hope Mills ($65,774 a year), a typical home costs 2.9 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 Mills 2.9 years
  • Cumberland 3.3 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Cumberland County

According to FHFA’s house price index, home prices in Cumberland County rose 87% in the 10 years through 2025.

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

Period County North Carolina U.S.
Last year (2025) +4.0% +2.5% +2.9%
5 years (2020–2025) +67% +60% +47%
10 years (2015–2025) +87% +107% +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 Mills next to Cumberland County, North Carolina and the U.S.

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

Typical home value
  • Hope Mills $190,600
  • Cumberland $199,200
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Hope Mills $1,141
  • Cumberland $1,222
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Hope Mills $65,774
  • Cumberland $61,291
  • North Carolina $72,388
  • United States $80,734
See the full table
Hope Mills next to Cumberland County and North Carolina
Measure Hope Mills Cumberland County North Carolina U.S.
Typical home value $190,600 $199,200 $288,900 $332,700
Typical monthly rent $1,141 $1,222 $1,228 $1,413
Typical yearly household income $65,774 $61,291 $72,388 $80,734
Households that own their home 67% 55% 67% 65%
Typical yearly property tax $2,111 $1,850 $1,896 $3,119
Effective property tax rate 1.11% 0.93% 0.66% 0.94%
Renters with high rent for their income 46% 52% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cumberland 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 Mills

For a typical $190,600 home in Hope Mills, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hope Mills's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,608a month

    Least cash to close
    Down payment
    $6,671
    Cash to close
    $12,389
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $84

  • Conventional, 5% down $1,573a month

    Down payment
    $9,530
    Cash to close
    $15,248
    Rate
    7.18%
    Mortgage insurance
    PMI · $91

  • Conventional, 20% down, no PMI $1,289a month

    Down payment
    $38,120
    Cash to close
    $43,838
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,465a month

    Down payment
    $28,590
    Cash to close
    $34,308
    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 Mills and for Cumberland County.

Property tax

Effective rate in Hope Mills

1.11%of the home’s value each year

$2,111 a year for the typical owner in Hope Mills.

  • Hope Mills 1.11%
  • Cumberland 0.93%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Cumberland County

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

Homes in the high-risk zone
0.9%
1,035
Of those, with NFIP insurance
33%
County North Carolina U.S.
Homes in the high-risk zone 0.9% 2.8% 3.5%
Of those, with NFIP insurance 33% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hope Mills

Typical rent in Hope Mills is $1,141 a month: 7% below the county. In Hope Mills, 46% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Cumberland County, by unit size. To pay the 2-bedroom one ($1,476 a month) without spending more than 30% of your income, you would need to earn $28.38 an hour working full time.

HUD fair market rent for all of Cumberland 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 $1,302 $25.04 $52,080
1 bedroom $1,334 $25.65 $53,360
2 bedrooms $1,476 $28.38 $59,040
3 bedrooms $1,937 $37.25 $77,480
4 bedrooms $2,380 $45.77 $95,200

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 Mills

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hope Mills is in ZIP code 28348.

For 2 bedrooms it is $1,530: $54 more than the fair market rent for Cumberland County ($1,476).

  • 28348 $1,530$2,010

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 Mills 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 Mills

HUD lists 11 buildings with rents for lower incomes in Hope Mills. These are the largest.

  • Project Unnamed 3025 Akron Dr, Hope Mills 28348 124 low-income homes · Run by Fayetteville Metropolitan Housing Authority · Average payment: $436 a month · Homes at several sites (910) 483-3648
  • Southview Green Apartments 3143 Round Grove Pl, Hope Mills 28348 72 low-income homes · 2 bd: 60 · 3 bd: 12 · In service since 2004 · For people with disabilities, families, people experiencing homelessness
  • Southview Villas 3315 Gibbon Dr, Hope Mills 28348 64 low-income homes · 2 bd: 50 · 3 bd: 14 · In service since 2008 · For families
  • Pineridge Manor 3200 Big Pine Dr, Hope Mills 28348 60 low-income homes · 1 bd: 30 · 2 bd: 30 · In service since 2005 · For older adults, people with disabilities, people experiencing homelessness
  • Crosswinds Green 3415 Town St, Hope Mills 28348 48 low-income homes · 2 bd: 48 · In service since 1999 · For families

See all 76 buildings in Cumberland County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Hope Mills

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.

There are 2 HUD-approved agencies with an office in Cumberland County; 1 says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Hope Mills

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

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Hope Mills

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

  • North Carolina Community Housing and Consulting, Inc

    321 Dick St Ste 102, Fayetteville · 7 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (910) 849-0113

  • Kingdom Community Development Corporation

    129 N Main St, Spring Lake · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (910) 484-2722

  • Sandhills Community Action Program, Inc.

    340 Commerce Ave Ste 20, Southern Pines · 29 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 6 more
    (910) 947-5675

Every agency in Cumberland County All counseling agencies in North Carolina

Help in Spanish near Hope Mills

1 of the 3 agencies on this list says it serves 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 Mills

In HUD’s record, no housing authority with an office in Cumberland County is named for Hope Mills or Cumberland County.

One other authority has an office in Cumberland County: see the list Source: HUD

Cities

Other cities in Cumberland County

These cities are also in Cumberland County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Cumberland County Housing in North Carolina

Nearby cities

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

Neighboring counties

If Cumberland 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 Mills.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Hope Mills

Short answers with the numbers for Hope Mills and all of Cumberland 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 Mills?

The typical home value in Hope Mills is $190,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cumberland County it is $199,200.

How much does it cost to rent in Hope Mills?

Typical rent in Hope Mills is $1,141 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cumberland County is $1,476.

What is the FHA loan limit in Hope Mills?

Hope Mills uses the FHA limit for all of Cumberland 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 Mills?

The typical homeowner in Hope Mills pays $2,111 a year, according to the U.S. Census Bureau. That is 1.11% of the home’s value; in Cumberland County, the rate is 0.93%.

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

There are 2 HUD-approved counseling agencies with an office in Cumberland County. 1 says it serves in Spanish. 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).