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Hope Valley, RI Housing

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As of 2010-2014, median price of a house in Hope Valley is $297,100, which is higher than the state average of $241,200 and is much higher than the national average of $175,700. The Hope Valley median house value has grown by 120.56% since 2000. The growth rate for the price of a house in Hope Valley is higher than the state average rate of 81.35% and is much higher than the national average rate of 46.91%. The median year that a house in Hope Valley was built is 1963, which is newer than the median year for a house built in the state which is 1958 and is older than the median year for a house built in the USA which is 1976.

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 428 Owner Occupied Houses in Hope Valley, RI, #10

Hope Valley, RI	297,100 USD
Rhode Island	241,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #3

Hope Valley, RI	120.56%
Rhode Island	81.35%
U.S.	46.91%

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

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Hope Valley, RI	Rhode Island	U.S.
Total Housing Units	767, see rank, 100%	462,930	132,741,033
Occupied Housing Units	623, 81.23%, see rank	88.47%	87.55%
Owner Occupied	428, 55.80%, see rank	53.32%	56.34%
Renter Occupied	195, 25.42%, see rank	35.15%	31.21%
Vacant Housing Units	144, 18.77%, see rank	11.53%	12.45%
For Rent	25, 3.26%, see rank	2.57%	2.34%
For Sale Only	47, 6.13%, see rank	1.04%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.70%	0.92%
For Seasonal, Recreational, or Occasional Use	72, 9.39%, see rank	3.90%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	0, 0.00%, see rank	3.30%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #17

Hope Valley, RI	Rhode Island	U.S.
1963	1958	1976

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

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Hope Valley, RI	%	Rhode Island	U.S.
Owner-Occupied Units	428	100%	246,829	74,787,460
With a Mortgage	281	65.65%, see rank	70.79%	65.58%
Without a Mortgage	147	34.35%, see rank	29.21%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Hope Valley, RI	1,912 USD
Rhode Island	1,867 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Hope Valley, RI	%	Rhode Island	U.S.
$299 or Less	0	0.00%, see rank	0.18%	0.20%
$300 to $499	0	0.00%, see rank	0.71%	1.59%
$500 to $699	13	4.63%, see rank	1.55%	5.01%
$700 to $999	19	6.76%, see rank	5.49%	14.32%
$1,000 to $1,499	16	5.69%, see rank	21.15%	27.90%
$1,500 to $1,999	107	38.08%, see rank	28.37%	20.35%
$2,000 to $2,999	100	35.59%, see rank	31.18%	19.52%
$3,000 or More	26	9.25%, see rank	11.37%	11.12%

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

Hope Valley, RI	22.30% of the Total Income
Rhode Island	25.80% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Hope Valley, RI	%	Rhode Island	U.S.
10% or Less	13	4.63%, see rank	4.83%	5.86%
10% to 20%	74	26.33%, see rank	26.66%	31.95%
20% to 30%	147	52.31%, see rank	29.46%	27.64%
30% to 40%	13	4.63%, see rank	15.46%	13.74%
40% or More	34	12.10%, see rank	23.26%	20.29%

*Based on 2010-2014 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 Valley, RI	615 USD
Rhode Island	679 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Hope Valley, RI	%	Rhode Island	U.S.
$199 or Less	0	0.00%, see rank	1.30%	7.76%
$200 to $299	15	10.20%, see rank	2.55%	14.70%
$300 to $499	22	14.97%, see rank	16.45%	34.63%
$500 to $699	51	34.69%, see rank	33.33%	21.16%
$700 or More	59	40.14%, see rank	46.38%	21.75%

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

Hope Valley, RI	10.00% of the Total Income
Rhode Island	15.60% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Hope Valley, RI	%	Rhode Island	U.S.
10% or Less	75	51.02%, see rank	27.38%	40.19%
10% to 20%	40	27.21%, see rank	34.08%	31.47%
20% to 30%	18	12.24%, see rank	15.57%	12.24%
30% to 40%	0	0.00%, see rank	7.92%	5.64%
40% or More	14	9.52%, see rank	13.73%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Hope Valley, RI	Rhode Island	U.S.
Total Housing Units	767, 100%	462,930	132,741,033
1-unit, Detached	642, 83.70%, see rank	54.96%	61.65%
1-unit, Attached	0, 0.00%, see rank	3.29%	5.82%
2 Units	21, 2.74%, see rank	11.46%	3.75%
3 or 4 Units	82, 10.69%, see rank	12.76%	4.43%
5 to 9 Units	0, 0.00%, see rank	5.05%	4.78%
10 or More Units	22, 2.87%, see rank	11.46%	13.08%
Mobile Home, Boat, RV, Van, etc.	0, 0.00%, see rank	1.03%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Hope Valley, RI	Rhode Island	U.S.
Total Housing Units	767, 100%	462,930	132,741,033
1 Room	0, 0.00%, see rank	2.17%	1.95%
2 Rooms	57, 7.43%, see rank	2.93%	2.48%
3 Rooms	89, 11.60%, see rank	9.92%	9.13%
4 Rooms	99, 12.91%, see rank	17.47%	16.60%
5 Rooms	99, 12.91%, see rank	21.11%	20.41%
6 Rooms	244, 31.81%, see rank	19.07%	18.06%
7 Rooms	33, 4.30%, see rank	11.34%	12.27%
8 Rooms	33, 4.30%, see rank	7.63%	8.48%
9 Rooms or More	113, 14.73%, see rank	8.35%	10.60%
Median Rooms	5.70, see rank	5.30	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Hope Valley, RI	Rhode Island	U.S.
Total Housing Units	767, 100%	462,930	132,741,033
No Bedroom	0, 0.00%, see rank	2.30%	2.17%
1 Bedroom	110, 14.34%, see rank	14.17%	11.16%
2 Bedrooms	279, 36.38%, see rank	29.92%	26.69%
3 Bedrooms	249, 32.46%, see rank	38.24%	39.70%
4 Bedrooms	84, 10.95%, see rank	12.04%	16.05%
5 or More Bedrooms	45, 5.87%, see rank	3.32%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Hope Valley, RI	Rhode Island	U.S.
Total Housing Units	623, 100%	409,569	116,211,092
Utility Gas	22, 3.53%, see rank	51.13%	48.85%
Bottled, Tank, or LP Gas	136, 21.83%, see rank	2.34%	4.86%
Electricity	57, 9.15%, see rank	9.15%	36.68%
Fuel Oil, Kerosene, etc.	310, 49.76%, see rank	34.82%	5.86%
Coal or Coke	13, 2.09%, see rank	0.11%	0.12%
Wood	85, 13.64%, see rank	1.75%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	0, 0.00%, see rank	0.42%	0.47%
No Fuel Used	0, 0.00%, see rank	0.26%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Hope Valley, RI	Rhode Island	U.S.
Occupied Units Paying Rent	195, 100%	157,088	39,201,928
$199 or Less	0, 0.00%, see rank	2.27%	1.50%
$200 to $299	0, 0.00%, see rank	6.81%	3.18%
$300 to $499	0, 0.00%, see rank	7.52%	7.37%
$500 to $699	57, 29.23%, see rank	10.16%	16.01%
$700 to $999	0, 0.00%, see rank	32.26%	29.17%
$1,000 to $1,499	97, 49.74%, see rank	30.46%	26.88%
$1,500 to $1,999	41, 21.03%, see rank	7.43%	9.79%
$2,000 or More	0, 0.00%, see rank	3.09%	6.10%
Median	$1,220, see rank	$923	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Hope Valley, RI	Rhode Island	U.S.
Occupied Housing Units	623, 100%	409,569	116,211,092
No Vehicles Available	0, 0.00%, see rank	9.82%	9.12%
1 Vehicles Available	114, 18.30%, see rank	36.78%	33.80%
2 Vehicles Available	331, 53.13%, see rank	36.62%	37.48%
3 or More Vehicles Available	178, 28.57%, see rank	16.79%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.