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CITY

Hope Valley

Rhode Island · 2,297 residents · 3.322 sq mi
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The short version

Hope Valley is wealthier than most US places, with a median household income of $101,932. Population has grown 39% since 2000. Median home value has roughly tripled since 2000, reaching $447,500. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 41.9
US median: 38.9
Less educated
26% hold a bachelor's degree
US average: 36%
Less affordable
home values up 84%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,297
+39%since 2000
from 1,649 in 2000
1990 – 2024
Population density
691 / sq mi
+39%since 2000
from 496 / sq mi in 2000
US average: 281
Median age
41.9
+12%since 2000
from 37.3 in 2000
US average: 38.9
Population, 1990 – 2024
1K2K2K2K2K1990201020202024Hope Valley
20242K
1990201020202024
Section 02

Income & economy

Median household income
$101,932
+29%inflation adjusted, since 2000
from $43,264 in 2000
US average: $82,259
1990 – 2024
Per capita income
$45,882
+142%since 2000
from $18,925 in 2000
US average: $44,673
Households earning $100K+
70.7%
+22.6 ptssince 2009
from 48.1% in 2009
US average: 53.3%
Poverty rate
9.2%
+5.4 ptssince 2000
from 3.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.362
+19%since 2010
from 0.304 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade23.4%
US avg: 9.9%
Wholesale trade16.2%
US avg: 6.9%
Other services9.1%
US avg: 6.7%
Public administration9.1%
US avg: 4.8%
Finance & insurance2.5%
US avg: 5.9%
Professional, scientific, technical2.5%
US avg: 5.1%
Information1.5%
US avg: 10.8%
Arts, entertainment, food1.2%
US avg: 1.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$447,500
+84%inflation adjusted, since 2000
from $133,300 in 2000
US average: $376,019
1990 – 2024
Owner-occupied
91.8%
+17.7 ptssince 2000
from 74.1% in 2000
8.2% rent
Vacancy rate
0.0%
−11.6 ptssince 2009
from 11.6% in 2009
US average: 10.0%
Owner cost-burdened
23.3%
−4.4 ptssince 2009
from 27.7% in 2009
US average: 22.9%
Renter cost-burdened
82.8%
+49.9 ptssince 2009
from 32.9% in 2009
US average: 47.4%
Afford Score
4.4
+42%since 2000
from 3.1 in 2000
1990 – 2024
Gentrification Score
31
RELATED:See current rent listings in Hope Valley on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.6%(1,593)
Black0.7%(11)
Hispanic / Latino0.7%(11)
Asian0.2%(3)
Other0%
Diversity Score3.8%(63)
2024
White, non-Hispanic93.8%(2,154)
Black0%(0)
Hispanic / Latino1.9%(44)
Asian0%(0)
Other4.3%(99)
Diversity Score14.8%(340)
Diversity Score
15
+287%since 2000
from 4 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
26.3%
+6.2 ptssince 2000
from 20.1% in 2000
US average: 35.6%
High school or higher
83.5%
+11.9 ptssince 2000
from 71.6% in 2000
US average: 89.6%
Graduate degree
2.0%
−2.2 ptssince 2000
from 4.2% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
28.6 min
+81%since 2000
from 15.8 min in 2000
US average: 26.5
Drive alone to work
82.6%
+5.9 ptssince 2009
from 76.8% in 2009
US average: 68.9%
Carpooled to work
1.6%
−16.0 ptssince 2009
from 17.6% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
15.8%
+11.7 ptssince 2009
from 4.0% in 2009
US average: 15.0%
Walked to work
0.0%
−1.6 ptssince 2009
from 1.6% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.4%
+2.0 ptssince 2011
from 3.4% in 2011
US average: 5.2%
Labor force participation
65.8%
−8.7 ptssince 2011
from 74.5% in 2011
US average: 63.5%
Self-employed
5.3%
−16.5 ptssince 2009
from 21.8% in 2009
US average: 13.1%
Management & professional
54.7%
−9.4 ptssince 2009
from 64.2% in 2009
US average: 42.5%
Section 08

People & community

Male
57.9%
+12.6 ptssince 2009
from 45.4% in 2009
Female
42.1%
−12.6 ptssince 2009
from 54.6% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
8.9%
−36.2 ptssince 2009
from 45.1% in 2009
US average: 6.2%
With a disability
15.3%
+6.2 ptssince 2012
from 9.1% in 2012
US average: 13.3%
Uninsured
1.4%
−93.3 ptssince 2013
from 94.7% in 2013
US average: 8.4%
Broadband at home
100.0%
+9.8 ptssince 2017
from 90.2% in 2017
US average: 91.0%
English only at home
98.9%
−0.2 ptssince 2016
from 99.1% in 2016
US average: 77.7%
Spanish at home
1.1%
+1.1 ptssince 2016
from 0.0% in 2016
US average: 13.6%
Drill deeper

Places similar to Hope Valley

Lake Mack-Forest Hills
Pop 2,200
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Pop 2,145
Holley
Pop 2,487
Chuluota
Pop 2,187
Places similar to Hope Valley
Head to head

Compare Hope Valley to nearby cities

HOPE VALLEY VS
Westerly
Income$95,207−7%
Home value$448,800same
Population18,411+702%
SEE FULL COMPARISON →
HOPE VALLEY VS
Wakefield-Peace Dale
Income$106,551+5%
Home value$494,400+10%
Population9,302+305%
SEE FULL COMPARISON →
HOPE VALLEY VS
Norwich
Income$65,024−36%
Home value$242,300−46%
Population40,001+1641%
SEE FULL COMPARISON →
HOPE VALLEY VS
Conning Towers-Nautilus Park
Income$81,694−20%
Home value$290,100−35%
Population8,460+268%
SEE FULL COMPARISON →
Frequently asked

How many people live in Hope Valley, Rhode Island?

Hope Valley, Rhode Island has about 2,297 residents according to the 2024 American Community Survey.

What is the median household income in Hope Valley, Rhode Island?

The typical household in Hope Valley, Rhode Island earns about $101,932 a year. Half of households make more than that, and half make less.

Is Hope Valley, Rhode Island expensive?

In Hope Valley, Rhode Island, the median home is worth about $447,500.

How educated are people in Hope Valley, Rhode Island?

About 26.3% of adults age 25 and over in Hope Valley, Rhode Island hold a bachelor's degree or higher.

What is the poverty rate in Hope Valley, Rhode Island?

About 9.2% of people in Hope Valley, Rhode Island live below the federal poverty line.

Has Hope Valley, Rhode Island grown since 1990?

Yes, Hope Valley, Rhode Island has grown since 1990. The population has added about 852 residents, a change of about 59 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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