Hope Mills, North Carolina Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Hope Mills, North Carolina rental market.
Hope Mills, North Carolina
Average Apartment Rent
$1,346
Y-o-Y Change in Average
Apartment Rent
18%
As of March 2026
Compared to a year ago, Hope Mills, North Carolina apartments have recorded a 18% rent increase.
Hope Mills, North Carolina Average apartment rent trend
Hope Mills, North Carolina Average Apartment Rent
Hope Mills, North Carolina Apartment rent ranges
At 46.19%, apartments priced $1,000 - $1,500 represent the bulk of Hope Mills, North Carolina rentals, while condos priced Under $1,000 hold the lowest share of the market – 17.65%.
Hope Mills, North Carolina Housing tenure**
Renters take up 37% of Hope Mills, North Carolina real estate, occupying a total of 2,308 units, while homeowners live in 3,927 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$37,642
Average household size of renter-occupied housing units**
2.47
Rental vacancy rate**
3.6%
Hope Mills, North Carolina Renter-occupied housing units by no. of bedrooms**
There are 1,162 rentals in Hope Mills, North Carolina with 2 beds making up the highest share of the market, at 50%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 16 units. Overall, the median number of rooms in Hope Mills, North Carolina homes for rent is 4.5.
Hope Mills, North Carolina Renter-occupied units by age of householder**
Most condos for rent in Hope Mills, North Carolina are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 4%.
Hope Mills, North Carolina Renter-occupied housing units by family type**
Hope Mills, North Carolina Renter-occupied housing units by the presence of own children**
A total of 1,371 apartments for rent in Hope Mills, North Carolina, or 59% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 918 units. All in all, the median size of a renter-occupied household in Hope Mills, North Carolina is 2.47.
Hope Mills, North Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Hope Mills, North Carolina.
Hope Mills, North Carolina Renter-occupied units by year structure built**
The highest share of Hope Mills, North Carolina apartment rentals, namely 23% or 524 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (20%, 470 units), and the ones Built 1980 - 1989 (20%, 460 units).
Hope Mills, North Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Hope Mills, North Carolina renters (50%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Hope Mills, North Carolina condos for rent is 2017.
Hope Mills, North Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Hope Mills, North Carolina renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 12% have 3 vehicles available.
Hope Mills, North Carolina Means of transportation to work of householders living in renter-occupied housing units**
Hope Mills, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Hope Mills, North Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
