Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Crime
This area exhibits elevated crime rates per 100,000 residents, which may suggest it's a potentially unsafe place to reside. These rates encompass both property and violent crimes.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Schools
The lower than average schools score may be influenced by below-average education levels, subpar reading and math scores and the lack of access to local elementary and high schools.
Ratings
Surveys and polls conducted by AreaVibes with residents of the area revealed unfavorable results concerning the walkability of amenities, the availability of parks and public transit access.
Hope, Arkansas is a mid-sized city with a population of 10,014 people. Individuals of White (38%) and Black or African American (44%) backgrounds make up a significant portion of the population of the city. If you're not a fan of traffic congestion and long commute times to work, Hope is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 18 minutes, significantly lower than the national average of 26 minutes.
Whether you’re moving to a new town to be closer to family, friends or for a new job, living in Hope could be a positive experience compared to other cities in Arkansas if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Finding the best places to live in Hope and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, health & safety, education, employment and other important metrics.
With a livability score of 62 out of 100, Hope is ranked #15,212 in the United States and #180 in Arkansas. For each of the livability categories, we see that Hope ranks very well for cost of living (A+) and housing (A+). Hope does not rank well for the following: amenities (F), crime (F), education (F) and employment (D-). It might be a smart idea to take a closer look at each category to find out why.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Hope excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Hope meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Hope. Everything else becomes a lot less important if it turns out that home prices in Hope are simply unattainable. The median home price for Hope homes is $153,131, which is 26.7% lower than the Arkansas average. If we take a closer look at the affordability of homes in Hope, we’ll see that the home price to income ratio is 2.6, which is 21.2% lower than the Arkansas average.
| Statistic | Hope | Arkansas | National |
| Average one way commute | 18min | 22min | 26min |
| Workers who drive to work | 82.1% | 82.7% | 76.4% |
| Workers who carpool | 16.7% | 10.8% | 9.3% |
| Workers who take public transit | 0.2% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.9% | 1.7% | 2.8% |
| Working from home | 0.2% | 3.2% | 4.6% |
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