A typical Hope home is worth roughly $211,000
Home prices around Hope have risen about 53% over the past 5 years. Builders were permitted 7 new homes in 2025.
What kind of housing town is Hope?
Read from the numbers below. The page puts what stands out first.
Home prices up 53% in 5 years
The federal house price index for the ZIP code around Hope rose 53% over the past 5 years, about the same as across New York. Last year prices rose 13%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Hope, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 2.9 years of income
Less than across New York (6.1 years). Try your own numbers below.
That covers a typical Hope home, with $58K to spare.
A two-bedroom rents for about $1,340 a month here, $20 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Hope’s typical property tax (1.21% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
90% of Hope households own their home
Half of Hope’s homes were built before 1967.
New York: 54% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,340
Renters already here pay a median of $1,225.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Albany-Schenectady-Troy, NY MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
7 new homes permitted in 2025
Builders were permitted 7 new homes in Hope in 2025, all single-family houses, worth about $1.1 million to build. Over the past 10 years, Hope has permitted 26 homes in all.
Between the 2010 and 2020 censuses, Hope gained 10 residents while 3 new homes were permitted: about 3.3 new residents per new home. Building and growth moved roughly in step. Across New York: 2.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $643,000 |
| 2025 | 7 | 7 | 0 | $1.1 million |
| 2024 | 6 | 6 | 0 | $965,000 |
| 2023 | 4 | 4 | 0 | $643,000 |
| 2022 | 3 | 3 | 0 | $482,000 |
| 2021 | 3 | 3 | 0 | $482,000 |
| 2020 | 1 | 1 | 0 | $161,000 |
| 2019 | 2 | 2 | 0 | $322,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $250,000 |
| 2009 | 3 | 3 | 0 | $245,000 |
| 2008 | 1 | 1 | 0 | $223,000 |
| 2007 | 1 | 1 | 0 | $223,000 |
| 2006 | 2 | 2 | 0 | $215,000 |
| 2005 | 2 | 2 | 0 | $215,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Hope's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Hope vs. its neighbors
Hope is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Hope | $211K* | +13%† | $1,340 | 7 | $72,188 |
| Benson | — | +13%† | $1,340 | 0 | $69,375 |
| Wells | $269K* | — | $1,200 | 0 | $74,286 |
| Northampton | $207K* | +16.2%† | $1,260 | 11 | $72,065 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Hope buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.