Hope is located in southwest Arkansas. Hope is between the Hempstead, Lafayette county. Hope has 10.08 square miles of land area and 0.08 square miles of water area. As of 2010-2014, the total Hope population is 10,033, which has shrunk 5.49% since 2000. The population growth rate is much lower than the state average rate of 10.24% and is much lower than the national average rate of 11.61%. Hope median household income is $24,423 in 2010-2014 and has has shrunk by 3.79% since 2000. The income growth rate is much lower than the state average rate of 28.22% and is much lower than the national average rate of 27.36%. Hope median house value is $67,000 in 2010-2014 and has shrunk by -36.18% since 2000. The house value growth rate is lower than the state average rate of 49.31% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Hope is worse than the state average in quality. The Hope area code is 870.