Hope, AR Profile: Facts & Data

The City of Hope had a population of 8,492 as of July 1, 2024. Hope ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Arkansas. See peer rankings below.

The primary coordinate point for Hope is located at latitude 33.6671 and longitude -93.5916 in Hempstead County. The formal boundaries for the City of Hope encompass a land area of 10.01 sq. miles and a water area of 0.08 sq. miles. Hempstead County is in the Central time zone (GMT -6).

The City of Hope has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Hope is located within , a minor civil division (MCD) of Hempstead County.

Hope, AR Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	8,492 (100%)
Population in Households	8,228 (96.9%)
Population in Families	6,636 (78.1%)
Population in Group Quarters¹	264 ( 3.1%)
Population Density	795
Diversity Index²	80


INCOME
Median Household Income	$48,000
Average Household Income	$73,010
% of Income for Mortgage⁴	15%
Per Capita Income	$28,500
Wealth Index⁵	58
Socioeconomic Status Index⁶	Low (41.1)

HOUSING
Total HU (Housing Units)	4,041 (100%)
Owner Occupied HU	1,785 (44.2%)
Renter Occupied HU	1,524 (37.7%)
Vacant Housing Units	732 (18.1%)
Median Home Value	$116,450
Average Home Value	$143,403
Housing Affordability Index³	172

HOUSEHOLDS
Total Households	3,309
Average Household Size	2.49
Family Households	2,036
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Hope, AR - Peer Comparisons by Rank and Percentile

The table below compares Hope to the other 625 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.23%	-0.90%
Households	-0.92%	-0.53%
Families		-0.75%
Median Household Income		2.25%
Per Capita Income		3.29%
Owner Occupied HU		0.17%

Variable Description	Rank	Percentile
Total Population	# 45	93rd
Population Density	# 100	84th
Median Household Income	# 366	42nd
Housing Affordability Index	# 498	80th
Per Capita Income	# 286	54th
Diversity Index	# 4	100th

Hope, AR Profile: Facts & Data

Hope, Arkansas - Basic Facts

Hope, AR Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hope, AR - Peer Comparisons by Rank and Percentile

Hope, AR - Most Popular Things to Do

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