Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.4 yrs |
|---|---|
| Avg HH Size | 2.43 |
| Below Poverty | 5.3% ▼ 47% below avg |
| College Grads | 46.1% ▲ 19% above avg |
| Unemployment | 4.3% ▼ 12% below avg |
| No HS Diploma | 5 (0.1%) |
| HS Graduate | 804 (23.9%) |
| Some College | 331 (9.9%) |
| Associates | 669 (19.9%) |
| Bachelors | 257 (7.7%) |
| Graduate Degree | 1,291 (38.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $101,225 ▲ 33% above avg |
|---|---|
| Median Home Value | $391,100 ▲ 40% above avg |
| Home/Income Ratio | 3.9x (nat avg ~3.5x) |
| Median Rent | $1,114/mo |
| Total Housing Units | 2,170 |
| Vacant Units | 146 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hope Valley is a city in Rhode Island, located in Washington County. The city spans 1 ZIP code and is home to approximately 4,950 residents. It is a mature city, with a median age of 45.4 years.
Economically, Hope Valley is a upper-middle-income community. The median household income of $101,225 is above the national average. Approximately 5.3% of residents live below the poverty line. The unemployment rate is 4.3%, near the national average.
The real estate market in Hope Valley is a mid-range housing market. Median home values stand at $391,100, which is above the national average. Renters typically pay around $1,114 per month. Homeownership is high at 79.4%, typical of suburban and family-oriented communities.
The population of Hope Valley is well-educated. 46.1% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (90.42%).
Hope Valley, RI offers residents above-average earning potential within Rhode Island.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 02832 | 4,950 | $101,225 | $391,100 | $1,114 | 4.3% | 46.1% | 79.4% |