Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.6 yrs |
|---|---|
| Avg HH Size | 2.30 |
| Below Poverty | 7.0% ▼ 30% below avg |
| College Grads | 32.8% ▼ 15% below avg |
| Unemployment | 2.3% ▼ 54% below avg |
| No HS Diploma | 22 (1.6%) |
| HS Graduate | 470 (34.8%) |
| Some College | 162 (12%) |
| Associates | 253 (18.8%) |
| Bachelors | 114 (8.5%) |
| Graduate Degree | 328 (24.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $89,183 ▲ 17% above avg |
|---|---|
| Median Home Value | $188,200 ▼ 32% below avg |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $1,125/mo |
| Total Housing Units | 1,061 |
| Vacant Units | 226 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hope is a city in Michigan, located in Midland County. The city spans 1 ZIP code and is home to approximately 1,920 residents. It is a mature city, with a median age of 48.6 years.
Economically, Hope is a middle-income community. The median household income of $89,183 is above the national average. Approximately 7.0% of residents live below the poverty line. The unemployment rate is 2.3%, well below the national average.
The real estate market in Hope is an affordable housing market. Median home values stand at $188,200, which is below the national average. Renters typically pay around $1,125 per month. Homeownership is high at 94.7%, typical of suburban and family-oriented communities.
The population of Hope is moderately educated. 32.8% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (93.18%).
Hope, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48628 | 1,920 | $89,183 | $188,200 | $1,125 | 2.3% | 32.8% | 94.7% |