menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hope Mills, NC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hope Mills, NC Housing Market Trends

With a population of 17,824, 6,235 total housing units (homes and apartments), and a median house value of $250,959, Hope Mills real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hope Mills, accounting for 73.78% of the town's housing units. Other types of housing that are prevalent in Hope Mills include large apartment complexes or high rise apartments ( 11.33%), duplexes, homes converted to apartments or other small apartment buildings ( 10.63%), and a few mobile homes or trailers ( 2.70%).

The most prevalent building size and type in Hope Mills are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.50% owning and 37.50% renting.

There is a lot of housing in Hope Mills built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hope Mills built between 2000 and later ( 35.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.93%). There's also some housing in Hope Mills built before 1939 ( 2.00%).

Hope Mills Home Appreciation Rates

Real estate appreciation rates in Hope Mills's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.54% during the period.

Appreciation rates are so strong in Hope Mills that despite a nationwide downturn in the housing market, Hope Mills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hope Mills appreciation rates continue to be some of the highest in America, at 10.89%, which is higher than appreciation rates in 97.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hope Mills. Hope Mills appreciation rates in the latest quarter were at 0.82%, which equates to an annual appreciation rate of 3.31%.

Relative to North Carolina, our data show that Hope Mills's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Hope Mills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hope Mills - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hope Mills real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$250,959

Hope Mills, NC Home Prices
> $1,477,000
$1,108,001 - $1,477,000
$738,001 - $1,108,000
$591,001 - $738,000
$443,001 - $591,000
$296,001 - $443,000
$148,001 - $296,000
$74,001 - $148,000
$0 - $74,000
0.1%
0.1%
0.1%
0.1%
0.9%
0.9%
0.6%
0.6%
6.2%
6.2%
23.4%
23.4%
53.4%
53.4%
11.7%
11.7%
3.8%
3.8%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

6,235

Hope Mills Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,859 / per month

Homeownership Rate

Owners
Renters
62.5%
62.5%
37.5%
37.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.5%
7.5%
92.5%
92.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
35.0%
35.0%
53.1%
53.1%
9.9%
9.9%
2.0%
2.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.8%
73.8%
1.6%
1.6%
10.6%
10.6%
11.3%
11.3%
2.7%
2.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.0%
1.0%
3.1%
3.1%
21.6%
21.6%
54.9%
54.9%
15.3%
15.3%
4.2%
4.2%
0% 100.0%
% of Homes