Hope, IN
Population 1,988 · Indiana
About Hope, IN
Hope is a small community in Indiana with a population of 1,988 residents. The median household income is $68,015 per year, which is near the national average. The median age in Hope is 31.5 years.
Housing in Hope has a median home value of $127,200 and median monthly rent of $1,101. Of the 781 total housing units, the majority are owner-occupied, with 534 owner-occupied and 155 renter-occupied units.
The unemployment rate in Hope is 1.1% and the poverty rate is 15.2%. 9.6% of residents hold a bachelor's degree or higher. The average commute time is 25.3 minutes.
How Hope Ranks in Indiana
Cost of Living in Hope, IN
Compared to national averages, Hope has a median household income of $68,015 (9% below the national median of $75,149). Home values average $127,200, which is 48% below the national median. Monthly rent at $1,101 is 5% below the US average of $1,163. Within Indiana, Hope's income is 2% below the state average of $69,330, and home values are 22% below the state median of $163,409.
Why Live in Hope, IN?
Hope offers affordable housing with a median home value of $127,200, below the US average of $244,900, and rent that’s lower than the national average at $1,101/month, and a strong job market with an unemployment rate of just 1.1%.
Potential considerations include median household income ($68,015) that falls below the national average. However, Hope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hope has a population of 1,988 with a median age of 31.5 years. Compare Hope with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Hope
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Battle Ground | 1,989 | $104,583 | $268,300 | Compare |
| Trail Creek | 1,983 | $65,929 | $177,600 | Compare |
| Salt Creek Commons | 1,973 | $84,648 | $181,100 | Compare |
| Greentown | 2,005 | $57,917 | $116,500 | Compare |
| Liberty | 1,958 | $46,801 | $122,000 | Compare |
| Milford | 1,955 | $52,014 | $135,300 | Compare |
| Southport | 2,036 | $69,148 | $186,500 | Compare |
| Walkerton | 2,052 | $62,521 | $132,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hope
What is the population of Hope, IN?
The population of Hope, IN is 1,988 according to the latest Census data.
What is the median household income in Hope?
The median household income in Hope, IN is $68,015 per year.
What is the median home value in Hope?
The median home value in Hope, IN is $127,200.
What is the average rent in Hope?
The median monthly rent in Hope, IN is $1,101.
What is the unemployment rate in Hope?
The unemployment rate in Hope, IN is 1.1%.