Point Hope, AK
Population 721 · Alaska
About Point Hope, AK
Point Hope is a small community located in Alaska with a population of 721 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,944 per year, which is 9% above the national median of $75,149. The median age of 25.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Point Hope features a median home value of $184,700, which is 25% below the national median of $244,900. This positions Point Hope in a moderately priced market relative to the rest of the country. Median monthly rent is $1,288, 11% above the national average of $1,163/month. Of the 199 total housing units, 68% are owner-occupied (113 units) and 32% are renter-occupied (53 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Point Hope shows an unemployment rate of 25.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 18.1%, above the national average of 12.4%. Workers in Point Hope have an average one-way commute time of 3.8 minutes, one of the shorter commutes in the region.
Education & Demographics
4.6% of Point Hope residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.1% White, 97.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Point Hope, AK
Compared to national averages, Point Hope has a median household income of $81,944 (9% above the national median of $75,149). Home values average $184,700, which is 25% below the national median. Monthly rent at $1,288 is 11% above the US average of $1,163. Within Alaska, Point Hope's income is 21% above the state average of $67,815, and home values are 9% below the state median of $203,729.
Why Live in Point Hope, AK?
Point Hope offers a strong local economy with a median household income of $81,944, well above the national average, and affordable housing with a median home value of $184,700, below the US average of $244,900, and short commute times averaging just 3.8 minutes.
Point Hope has a population of 721 with a median age of 25.3 years. Compare Point Hope with other cities to see how it stacks up, or explore all cities in Alaska.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Point Hope
What is the population of Point Hope, AK?
The population of Point Hope, AK is 721 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Alaska.
What is the median household income in Point Hope?
The median household income in Point Hope, AK is $81,944 per year, which is 9% above the national median of $75,149.
What is the median home value in Point Hope?
The median home value in Point Hope, AK is $184,700, which is 25% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Point Hope?
The median monthly rent in Point Hope, AK is $1,288, which is 11% above the national average of $1,163/month.
What is the unemployment rate in Point Hope?
The unemployment rate in Point Hope, AK is 25.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Point Hope, AK a good place to live?
Point Hope offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 721 and a median age of 25.3, the city appeals to young professionals and families.
How educated is Point Hope, AK?
4.6% of residents in Point Hope aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Point Hope?
Key cost-of-living indicators for Point Hope, AK: median home value is $184,700 (25% below national), median rent is $1,288/month, and median household income is $81,944. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Point Hope?
The poverty rate in Point Hope, AK is 18.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Point Hope, AK?
Point Hope's population is 1.1% White, 97.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.7% two or more races. 0.0% of residents are foreign-born.