Hope Valley

Population: 2,147
Median household income: $98,481
Median home value: $424,100

Located in Washington County, Rhode Island, Hope Valley is a community with a population of 2,147. Its median household income of $98,481 runs in line with the Washington County figure of $102,478.

From 2019 to 2023, Hope Valley's population grew 17.8% from 1,823 to 2,147, while its median home value rose 66.6% from $254,600 to $424,100.

74.5% of homes are single-family detached houses. The typical home was built around 1981.

Demographics

ACS 2019–2023

Population: 2,147
Median age: 41.8 yrs
Median household income: $98,481
Median home value: $424,100
Median gross rent: $1,393
Housing units: 779
Homeownership rate: 81.3%
Bachelor's degree or higher: 26.1%
Unemployment rate: 6.9%

Trends

ACS 5-year · 2019–2023

Population

1,8232,147

Median household income

$79,931$98,481

Median home value

$254,600$424,100

Median gross rent

$1,375$1,393

Year	Population	Median household income	Median home value	Median gross rent
2019	1,823	$79,931	$254,600	$1,375
2020	1,888	$83,267	$270,800	$1,155
2021	1,717	$86,367	$327,000	$1,191
2022	2,209	$93,888	$429,200	$1,214
2023	2,147	$98,481	$424,100	$1,393

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.2%

5 to 1714.2%

18 to 249.0%

25 to 345.4%

35 to 4422.5%

45 to 546.0%

55 to 6422.4%

65 to 7413.7%

75 and over4.5%

	Count	Share
Under 5	48	2.2%
5 to 17	304	14.2%
18 to 24	194	9.0%
25 to 34	117	5.4%
35 to 44	484	22.5%
45 to 54	129	6.0%
55 to 64	481	22.4%
65 to 74	294	13.7%
75 and over	96	4.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,990	92.7%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	72	3.4%
Hispanic or Latino (any race)	85	4.0%

Educational attainment (age 25+)

No high school diploma17.4%

High school graduate22.7%

Some college or associate's33.7%

Bachelor's degree24.5%

Graduate or professional degree1.6%

	Count	Share
No high school diploma	279	17.4%
High school graduate	364	22.7%
Some college or associate's	540	33.7%
Bachelor's degree	392	24.5%
Graduate or professional degree	26	1.6%

Commute to work

Mean travel time to work: 31 min

Drove alone93.6%

Carpooled1.6%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home4.8%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	1,007	93.6%
Carpooled	17	1.6%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	52	4.8%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	41	4.0%
15 to 29 min	238	23.2%
30 to 44 min	632	61.7%
45 to 59 min	113	11.0%
60+ min	0	0.0%

Households

Average household size: 2.75
Poverty rate: 6.1% (130 of 2,147)

	Count	Share
Family households	671	86.1%
Nonfamily households	108	13.9%

Housing

Median year structure built: 1981

Occupancy

	Count	Share
Occupied	779	100.0%
Vacant	0	0.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	633	81.3%
Renter-occupied	146	18.7%

1-unit, detached74.5%

1-unit, attached4.0%

2 to 4 units21.6%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	580	74.5%
1-unit, attached	31	4.0%
2 to 4 units	168	21.6%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 4434660
Type (LSAD): 57
Land area: 3.32 sq mi
Water area: 0.2 sq mi
Center point: 41.5141, -71.7206