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CITY · 2020 ACS

Hope Valley

Rhode Island · 1,870 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 $83,267. Population has held roughly steady since 2000. Median home value has more than doubled since 2000, reaching $270,800. With a median age of 44.0, the population is older than the US median of 38.8.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 44.0
US median: 38.8
Less educated
22% hold a bachelor's degree
US average: 33%
Less affordable
home values up 35%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,870
+13%since 2000
from 1,649 in 2000
1990 – 2024
Population density
563 / sq mi
+13%since 2000
from 496 / sq mi in 2000
US average: 280
Median age
44.0
+18%since 2000
from 37.3 in 2000
US average: 38.8
Population, 1990 – 2024
1K2K2K2K2K1990201020202024Hope Valley
20242K
1990201020202024
Section 02

Income & economy

Median household income
$83,267
+28%inflation adjusted, since 2000
from $43,264 in 2000
US average: $66,278
1990 – 2024
Per capita income
$37,770
+100%since 2000
from $18,925 in 2000
US average: $35,364
Households earning $100K+
57.4%
+9.3 ptssince 2009
from 48.1% in 2009
US average: 43.9%
Poverty rate
15.7%
+11.9 ptssince 2000
from 3.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Wholesale trade15.8%
US avg: 6.7%
Other services11.6%
US avg: 6.6%
Retail trade5.5%
US avg: 10%
Public administration3.6%
US avg: 4.7%
Agriculture, forestry, fishing3.5%
US avg: 1.7%
Construction3%
US avg: 1.2%
Information1.4%
US avg: 11.1%
Manufacturing0.4%
US avg: 0.5%
Transportation & warehousing0%
US avg: 2.5%
Finance & insurance0%
US avg: 5.5%
Professional, scientific, technical0%
US avg: 4.7%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$270,800
+35%inflation adjusted, since 2000
from $133,300 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,155
+23%inflation adjusted, since 2000
from $624 in 2000
US average: $1,124
Owner-occupied
78.1%
+4.0 ptssince 2000
from 74.1% in 2000
21.9% rent
Afford Score
3.3
+6%since 2000
from 3.1 in 2000
1990 – 2024
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)
2020
White, non-Hispanic91.1%(1,703)
Black0.6%(12)
Hispanic / Latino2.6%(48)
Asian0.9%(16)
Other5%(94)
Diversity Score21.3%(398)
Diversity Score
21
+456%since 2000
from 4 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
22.2%
+2.1 ptssince 2000
from 20.1% in 2000
US average: 32.9%
High school or higher
82.9%
+11.4 ptssince 2000
from 71.6% in 2000
US average: 88.5%
Graduate degree
7.9%
+3.8 ptssince 2000
from 4.2% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
33.6 min
+112%since 2000
from 15.8 min in 2000
US average: 26.9
Drive alone to work
96.4%
+19.6 ptssince 2009
from 76.8% in 2009
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
9.1%
+5.7 ptssince 2011
from 3.4% in 2011
US average: 5.4%
Labor force participation
72.6%
−1.9 ptssince 2011
from 74.5% in 2011
US average: 63.4%
Management & professional
21.7%
−42.5 ptssince 2009
from 64.2% in 2009
US average: 39.3%
Section 08

People & community

Male
54.2%
+8.9 ptssince 2009
from 45.4% in 2009
Female
45.8%
−8.9 ptssince 2009
from 54.6% in 2009
Foreign born
2.2%
+2.2 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
0.0%
−94.7 ptssince 2013
from 94.7% in 2013
US average: 8.8%
Drill deeper

Places similar to Hope Valley

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Compare Hope Valley to nearby cities

HOPE VALLEY VS
Westerly
Income$95,207+14%
Home value$448,800+66%
Population18,411+702%
SEE FULL COMPARISON →
HOPE VALLEY VS
Wakefield-Peace Dale
Income$106,551+28%
Home value$494,400+83%
Population9,302+305%
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HOPE VALLEY VS
Norwich
Income$65,024−22%
Home value$242,300−11%
Population40,001+1641%
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HOPE VALLEY VS
Conning Towers-Nautilus Park
Income$81,694−2%
Home value$290,100+7%
Population8,460+268%
SEE FULL COMPARISON →
Frequently asked

How many people live in Hope Valley, Rhode Island?

Hope Valley, Rhode Island has about 1,870 residents according to the 2020 American Community Survey.

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

The typical household in Hope Valley, Rhode Island earns about $83,267 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 $270,800, and the typical rent is about $1,155 a month.

How educated are people in Hope Valley, Rhode Island?

About 22.2% 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 15.7% 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 425 residents, a change of about 29 percent over that period.

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

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