Hope Valley, RI demographics:
population, income, and more

Total population
2,297
7.0% year-over-year change
Median household income
$101,932/yr
3.5% year-over-year change
Housing units
781
0.3% year-over-year change

Hope Valley population

How many people live in Hope Valley

Hope Valley is home to 2,297 residents, according to the most recent Census data. Gender-wise, 58% of Hope Valley locals are male, and 42% are female.

Total population
2,297
7.0% year-over-year change
Gender ratio
Male
58%
1,331
Female
42%
966
Value Percent YoY change
Male 1,331 58% 7.2%
Female 966 42% 6.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Hope Valley is 42, with the population distributed as follows: about 18.5% are children under 15, then 7.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 26.2% of the population, while another 31.9% fall into the 45 to 64 bracket. Finally, around 15.8% are 65 or older.

Median age
41.9
Age breakdown
Under 15
18.5%
15 to 24
7.6%
25 to 44
26.2%
45 to 64
31.9%
Over 65
15.8%
Value Percent YoY change
Under 15 425 18.5% 61.6%
15 to 24 175 7.6% -38.2%
25 to 44 602 26.2% 0.2%
45 to 64 732 31.9% 20.0%
Over 65 363 15.8% -6.9%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Hope Valley, 98.7% of the population are US-born citizens, while 1.3% have gained naturalized citizenship. There’s also a share of 5.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.7%
Non-U.S.-born citizens
1.3%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 2,267 98.7% 7.5%
Non-U.S.-born citizens 30 1.3% -21.1%
Racial breakdown
White
93.8%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
5.2%
Other
1%
Value Percent
White 2,154 93.8%
Two or more races 119 5.2%
Other 24 1%

Households in Hope Valley

A peek inside Hope Valley households

Hope Valley has 781 households, with an average of 3 members in each. Of these, 84.8% are families, while the remaining 15.2% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
781
0.3% year-over-year change
Average people per household
3
Non-family households
119
Family households
662
Value Percent YoY change
Non-family households 119 15.2% 10.2%
Family households 662 84.8% -1.3%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Hope Valley

The housing landscape of Hope Valley

Hope Valley's housing consists of 781 units, with 82% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 2.2% and offer a more compact, shared living style.

Housing units
781
0.3% year-over-year change
Housing types
Value Percent
1 unit, detached 640 82%
1 unit, attached 17 2.2%
2 units 32 4.1%
3 or 4 units 81 10.4%
5 to 9 units 11 1.4%
Homes built since 2020
0
% year-over-year change

The age of buildings in Hope Valley

In Hope Valley, the median construction year is 1984. About 14.8% of homes were built before the 1940s, with another 7.3% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 116 14.8% -25.6%
Built between 1940 and 1949 57 7.3% -31.3%
Built between 1950 and 1959 42 5.4% 35.5%
Built between 1960 and 1969 35 4.5% 0.0%
Built between 1970 and 1979 58 7.4% -19.4%
Built between 1980 and 1989 226 28.9% -7.4%
Built between 1990 and 1999 26 3.3% 136.4%
Built between 2000 and 2009 80 10.2% 566.7%
Built between 2010 and 2019 141 18% 4.4%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Hope Valley occupancy rates

Out of the 781 occupied housing units in Hope Valley, 91.8% are owner-occupied, while 8.2% are lived in by tenants.

Occupied housing units
781
0.3% year-over-year change
Occupancy breakdown
Renter occupied
64
Owner occupied
717
Value Percent YoY
change
Renter occupied 64 8.2% -56.2%
Owner occupied 717 91.8% 13.3%
Unoccupied housing units
0.0%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Hope Valley housing costs

Median housing costs per month
$1,574/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.

Education in Hope Valley

Hope Valley education at a glance

About 39.3% of the population in Hope Valley went to high school, while 23.6% pursued college studies. Another 10.9% earned an associate degree and 23.1% hold a bachelor’s. Meanwhile, 1.8% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 24 1.3% 0.0%
High school diploma 730 39.3% -5.3%
College diploma 438 23.6% -4.0%
Associate degree 203 10.9% 61.1%
Bachelor's degree 430 23.1% 9.7%
Graduate degree 34 1.8% 30.8%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Hope Valley

How much people earn in Hope Valley

The average annual household income in Hope Valley was $131,248 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +16.7% change from the previous year. At the same time, the median income stood at $101,932, reflecting a +3.5% shift over the same period.

Average household income in Hope Valley
$131,248/year
16.7% year-over-year change
Median household income in Hope Valley
$101,932/year
3.5% year-over-year change

Hope Valley income by age

In Hope Valley, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $155,909. Those with someone between 45 and 64 in charge, often well established professionally, earn $156,563 overall. Overall, 90.8% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $155,909 N/A
45 - 64 $156,563 4.1%
Over 65 $100,341 2.7%
Above poverty level
2,086
Below poverty level
211
Value Percent YoY
change
Above poverty level 2,086 90.8% 3.4%
Below poverty level 211 9.2% 62.3%

Average renter income in Hope Valley

To get a better sense of what renters earn on average in Hope Valley, their median household income was $34,679 according to 2022 Census data.

Renter median household income
$34,679
Rent-to-income ratio
0%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Hope Valley

Workforce and job types in Hope Valley

The job market in Hope Valley is powered by 1,138 working residents, spread across a range of industries and roles. 85.3% of the working population are employed in professional or administrative positions, while 14.7% are in hands-on or service-based jobs. Also, 13.7% run their own businesses, 59.8% are employed by private companies, and 8% work in the public sector.

Workforce demographics

Working population
1,138
4.7% year-over-year change
White collar
971
Blue collar
167
Value Percent YoY change
White collar 971 85.3% 22.9%
Blue collar 167 14.7% -43.8%
Employer type
Self employees
13.7%
Private companies
59.8%
Governmental workers
8%
Not for profit companies
18.5%
Value Percent YoY change
Self employees 156 13.7% 26.8%
Private companies 680 59.8% -0.3%
Governmental workers 91 8% 13.8%
Not for profit companies 211 18.5% 4.5%
Unemployment rate
5.4%
-19.8% year-over-year change

Available workforce

The unemployment rate in Hope Valley stands at 5.4%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Hope Valley

How people get around in Hope Valley

Means of transportation
Value Percent YoY change
Car 936 84.2% -8.6%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

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FAQs about Hope Valley demographics 

What is the total population of Hope Valley?

Hope Valley has a total population of 2,297 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +7.0% compared to a year ago.

What is the gender ratio in Hope Valley?

The gender ratio in Hope Valley is as follows:
  • 58% males (1,331 residents)
  • 42% females (966 residents)

What is the median age in Hope Valley?

The median age in Hope Valley is 41.9.

What is the age distribution of the population in Hope Valley?

The age distribution in Hope Valley is as follows:
  • Under 15: 18.5% (425 residents)
  • Ages 15-24: 7.6% (175 residents)
  • Ages 25-44: 26.2% (602 residents)
  • Ages 45-64: 31.9% (732 residents)
  • Over 65: 15.8% (363 residents)

What is the racial and ethnic makeup of Hope Valley?

The racial and ethnic makeup of Hope Valley is as follows:
  • White: 93.8% (2,154 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 5.2% (119 residents)
  • Other: 1% (24 residents)

What percentage of the population in Hope Valley are U.S.-born citizens?

U.S.-born citizens represent 98.7% of the population in Hope Valley.

How many housing units are there in Hope Valley?

There are 781 housing units in Hope Valley, reflecting a +0.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Hope Valley and what is the average household size?

Hope Valley has a total of 781 households, with an average of 3 people in each.

What is the median household income in Hope Valley?

Hope Valley has a median household income of $101,932, representing a +3.5% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Hope Valley?

The employment rate is 94.6% in Hope Valley, with a workforce of 1,138 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 85.3% (971 residents)
  • Blue-collar workers: 14.7% (167 residents)

Places of employment:
  • Self-employed: 13.7% (156 residents)
  • Private companies: 59.8% (680 residents)
  • Governmental workers: 8% (91 residents)
  • Not-for-profit companies: 18.5% (211 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025