Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 28.3 yrs |
|---|---|
| Avg HH Size | 2.69 |
| Below Poverty | 11.4% ▲ 14% above avg |
| College Grads | 20.7% ▼ 47% below avg |
| HS Graduate | 36 (41.4%) |
| Associates | 33 (37.9%) |
| Bachelors | 6 (6.9%) |
| Graduate Degree | 12 (13.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $58,750 ▼ 23% below avg |
|---|---|
| Median Home Value | $102,500 ▼ 63% below avg |
| Home/Income Ratio | 1.7x (nat avg ~3.5x) |
| Total Housing Units | 52 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hope is a city in Minnesota, located in Steele County. The city spans 1 ZIP code and is home to approximately 140 residents. It is a young city, with a median age of 28.3 years.
Economically, Hope is a solidly middle-class community. The median household income of $58,750 is below the national average. Approximately 11.4% of residents live below the poverty line.
The real estate market in Hope is one of the more affordable housing markets in the country. Median home values stand at $102,500, which is well below the national average. Homeownership is high at 94.2%, typical of suburban and family-oriented communities.
The population of Hope is less-educated. 20.7% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (100%).
Hope, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56046 | 140 | $58,750 | $102,500 | — | 0.0% | 20.7% | 94.2% |