Latest available · Census ACS 5-Year (2023)
What Is the Average Rent in Hope Valley CDP, Rhode Island?
City · Census ACS 5-Year estimates
The median gross rent in Hope Valley CDP, Rhode Island is $1,393/month (±$50), based on Census ACS 5-Year estimates (2023). The median home value is $424,100 (±$32,636), and the median household income is $98,481/year. Source: U.S. Census Bureau, American Community Survey, 2023 5-Year Estimates.
Housing Metrics for Hope Valley CDP, Rhode Island
| Metric | Value |
|---|---|
| Median Gross Rent | $1,393 |
| Median Home Value | $424,100 |
| Median Household Income | $98,481 |
| Total Housing Units | 779 |
| Renter-Occupied Units | 146 |
| Renter-Occupied Share | 19% |
| Households Paying 50%+ Income | 0 households |
How does Hope Valley CDP, Rhode Island compare?
Median gross rent ranked against all cities in Rhode Island.
Higher rent than 84% of cities in Rhode Island · 5th of 25
| # | City | Value |
|---|---|---|
| 1 | Melville CDP | $2,591 |
| 2 | Newport East CDP | $1,784 |
| 3 | Narragansett Pier CDP | $1,721 |
| … 1 more … | ||
| 5 | Hope Valley CDP(you are here) | $1,393 |
| … 17 more … | ||
| 23 | Cumberland Hill CDP | $974 |
| 24 | Harrisville CDP | $825 |
| 25 | Hopkinton CDP | $464 |
More data for Hope Valley CDP, Rhode Island
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Frequently asked questions
What is the average rent in Hope Valley CDP, Rhode Island?
The median gross rent in Hope Valley CDP, Rhode Island is $1,393/month, based on Census ACS 5-Year estimates (2023). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2023.
What is the average rent for a 2-bedroom in Hope Valley CDP, Rhode Island?
The median rent for a 2-bedroom in Hope Valley CDP, Rhode Island is not available based on Census ACS 5-Year estimates (2023). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2023.
What is the median home value in Hope Valley CDP, Rhode Island?
The median home value in Hope Valley CDP, Rhode Island is $424,100 according to Census ACS 5-Year estimates (2023).
What percentage of renters in Hope Valley CDP are rent-burdened?
In Hope Valley CDP, Rhode Island, 0 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Hope Valley CDP, Rhode Island?
The median household income in Hope Valley CDP, Rhode Island is $98,481/year according to Census ACS 5-Year estimates (2023).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,393 has a margin of error of ±$50. In very small areas, MOEs can be large relative to the estimate.
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