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Hope Micro Area Housing

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As of 2008-2012, median price of a house in Hope Area is $68,400, which is lower than the state average of $108,700 and is much lower than the national average of $175,700. The median year that a house in Hope Area was built is 1976, which is older than the median year for a house built in the state which is 1981 and is about the same as the median year for a house built in the USA which is 1975.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 8,560 Owner Occupied Houses in Hope Area, #922

Hope Area	68,400 USD
Arkansas	106,300 USD
U.S.	181,400 USD

Median House Price Growth Since 2005-2009, see rank

Hope Area	10.50%
Arkansas	49.31%
U.S.	46.91%

*The Hope Area median house price growth rate is since 2005-2009. The Arkansas and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2008-2012 data. View historical house value data.

Housing Occupancy

	Hope Area	Arkansas	U.S.
Total Housing Units	14,982, see rank, 100%	1,316,299	131,704,730
Occupied Housing Units	12,536, 83.67%, see rank	87.14%	88.62%
Owner Occupied	8,586, 57.31%, see rank	58.36%	57.69%
Renter Occupied	3,950, 26.36%, see rank	28.79%	30.93%
Vacant Housing Units	2,446, 16.33%, see rank	12.86%	11.38%
For Rent	548, 3.66%, see rank	3.53%	3.14%
For Sale Only	145, 0.97%, see rank	1.41%	1.44%
Rented or Sold, Not Occupied	83, 0.55%, see rank	0.54%	0.48%
For Seasonal, Recreational, or Occasional Use	514, 3.43%, see rank	2.90%	3.53%
For Migrant Workers	3, 0.02%, see rank	0.03%	0.02%
Other Vacant	1,153, 7.70%, see rank	4.45%	2.77%

*Based on 2010 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #423

Hope Area	Arkansas	U.S.
1976	1981	1975

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2008-2012 data. View historical year structure built data.

Mortgage Status

	Hope Area	%	Arkansas	U.S.
Owner-Occupied Units	8,560	100%	758,814	75,484,661
With a Mortgage	3,961	46.27%, see rank	58.31%	67.13%
Without a Mortgage	4,599	53.73%, see rank	41.69%	32.87%

*Based on 2008-2012 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Hope Area	876 USD
Arkansas	1,017 USD
U.S.	1,559 USD

Owner Costs Distribution

Monthly Owner Costs	Hope Area	%	Arkansas	U.S.
$299 or Less	11	0.28%, see rank	0.30%	0.18%
$300 to $499	222	5.60%, see rank	4.14%	1.59%
$500 to $699	692	17.47%, see rank	14.56%	4.89%
$700 to $999	1,537	38.80%, see rank	29.71%	13.71%
$1,000 to $1,499	1,201	30.32%, see rank	30.30%	26.97%
$1,500 to $1,999	193	4.87%, see rank	12.01%	20.33%
$2,000 to $2,999	96	2.42%, see rank	6.74%	20.10%
$3,000 or More	9	0.23%, see rank	2.24%	12.24%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Hope Area	20.40% of the Total Income
Arkansas	21.00% of the Total Income
U.S.	24.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Hope Area	%	Arkansas	U.S.
10% or Less	285	7.20%, see rank	7.72%	5.04%
10% to 20%	1,635	41.28%, see rank	39.04%	29.70%
20% to 30%	718	18.13%, see rank	25.79%	28.18%
30% to 40%	493	12.45%, see rank	11.36%	14.80%
40% or More	777	19.62%, see rank	15.56%	21.80%

*Based on 2008-2012 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Hope Area	315 USD
Arkansas	321 USD
U.S.	449 USD

Owner Costs Distribution

Monthly Owner Costs	Hope Area	%	Arkansas	U.S.
$199 or Less	761	16.55%, see rank	15.32%	7.99%
$200 to $299	1,323	28.77%, see rank	28.76%	15.31%
$300 to $499	1,925	41.86%, see rank	40.30%	35.02%
$500 to $699	466	10.13%, see rank	11.35%	20.88%
$700 or More	124	2.70%, see rank	4.27%	20.80%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Hope Area	11.30% of the Total Income
Arkansas	11.00% of the Total Income
U.S.	12.60% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Hope Area	%	Arkansas	U.S.
10% or Less	1,985	43.16%, see rank	45.63%	39.10%
10% to 20%	1,500	32.62%, see rank	31.25%	31.88%
20% to 30%	413	8.98%, see rank	11.07%	12.59%
30% to 40%	272	5.91%, see rank	4.41%	5.84%
40% or More	355	7.72%, see rank	6.52%	9.41%

*Based on 2008-2012 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Hope Area	Arkansas	U.S.
Total Housing Units	15,043, 100%	1,316,874	131,642,457
1-unit, Detached	10,547, 70.11%, see rank	69.89%	61.70%
1-unit, Attached	86, 0.57%, see rank	1.68%	5.79%
2 Units	284, 1.89%, see rank	3.10%	3.80%
3 or 4 Units	358, 2.38%, see rank	3.24%	4.44%
5 to 9 Units	329, 2.19%, see rank	3.19%	4.78%
10 or More Units	275, 1.83%, see rank	5.91%	12.89%
Mobile Home, Boat, RV, Van, etc.	3,164, 21.03%, see rank	13.00%	6.60%

*Based on 2008-2012 data. View historical units in structure data.

Rooms

	Hope Area	Arkansas	U.S.
Total Housing Units	15,043, 100%	1,316,874	131,642,457
1 Room	111, 0.74%, see rank	1.46%	1.95%
2 Rooms	145, 0.96%, see rank	1.63%	2.36%
3 Rooms	967, 6.43%, see rank	6.45%	8.97%
4 Rooms	2,752, 18.29%, see rank	17.86%	16.57%
5 Rooms	4,158, 27.64%, see rank	26.37%	20.41%
6 Rooms	3,168, 21.06%, see rank	20.73%	18.25%
7 Rooms	1,939, 12.89%, see rank	11.95%	12.38%
8 Rooms	1,083, 7.20%, see rank	6.79%	8.59%
9 Rooms or More	720, 4.79%, see rank	6.75%	10.52%
Median Rooms	5.40, see rank	5.40	5.50

*Based on 2008-2012 data. View historical rooms data.

Bedrooms

	Hope Area	Arkansas	U.S.
Total Housing Units	15,043, 100%	1,316,874	131,642,457
No Bedroom	138, 0.92%, see rank	1.57%	2.16%
1 Bedroom	736, 4.89%, see rank	7.33%	11.12%
2 Bedrooms	4,693, 31.20%, see rank	28.24%	26.85%
3 Bedrooms	7,661, 50.93%, see rank	49.51%	39.76%
4 Bedrooms	1,580, 10.50%, see rank	11.47%	15.95%
5 or More Bedrooms	235, 1.56%, see rank	1.89%	4.16%

*Based on 2008-2012 data. View historical bedrooms data.

House Heating Fuel

	Hope Area	Arkansas	U.S.
Total Housing Units	12,352, 100%	1,128,797	115,226,802
Utility Gas	5,642, 45.68%, see rank	41.49%	49.42%
Bottled, Tank, or LP Gas	880, 7.12%, see rank	8.27%	5.03%
Electricity	5,094, 41.24%, see rank	45.03%	35.51%
Fuel Oil, Kerosene, etc.	15, 0.12%, see rank	0.14%	6.46%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	702, 5.68%, see rank	4.60%	2.08%
Solar Energy	0, 0.00%, see rank	0.01%	0.04%
Other Fuel	19, 0.15%, see rank	0.27%	0.43%
No Fuel Used	0, 0.00%, see rank	0.17%	0.90%

*Based on 2008-2012 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Hope Area	Arkansas	U.S.
Occupied Units Paying Rent	2,937, 100%	331,177	37,562,111
$199 or Less	123, 4.19%, see rank	2.40%	1.76%
$200 to $299	152, 5.18%, see rank	5.13%	3.29%
$300 to $499	752, 25.60%, see rank	17.31%	8.20%
$500 to $699	1,152, 39.22%, see rank	33.51%	17.39%
$700 to $999	704, 23.97%, see rank	29.66%	29.40%
$1,000 to $1,499	40, 1.36%, see rank	10.06%	25.73%
$1,500 to $1,999	14, 0.48%, see rank	1.24%	8.92%
$2,000 or More	0, 0.00%, see rank	0.71%	5.30%
Median	$563, see rank	$649	$889

*Based on 2008-2012 data. View historical gross rent data.

Vehicle Available

	Hope Area	Arkansas	U.S.
Occupied Housing Units	12,352, 100%	1,128,797	115,226,802
No Vehicles Available	897, 7.26%, see rank	6.52%	9.03%
1 Vehicles Available	4,283, 34.67%, see rank	34.00%	33.67%
2 Vehicles Available	4,215, 34.12%, see rank	39.14%	37.64%
3 or More Vehicles Available	2,957, 23.94%, see rank	20.34%	19.66%

*Based on 2008-2012 data. View historical vehicle available data.