Hopedale, OH
Population 893 · Ohio
About Hopedale, OH
Hopedale is a small community located in Ohio with a population of 893 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,375 per year, which is 41% below the national median of $75,149. The median age of 51 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hopedale features a median home value of $108,000, which is 56% below the national median of $244,900. This makes Hopedale one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $890, 23% below the national average of $1,163/month. Of the 427 total housing units, 77% are owner-occupied (282 units) and 23% are renter-occupied (85 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hopedale shows an unemployment rate of 2.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hopedale have an average one-way commute time of 27.1 minutes.
Education & Demographics
9.5% of Hopedale 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 0.0% White, 0.7% 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 Hopedale, OH
Compared to national averages, Hopedale has a median household income of $44,375 (41% below the national median of $75,149). Home values average $108,000, which is 56% below the national median. Monthly rent at $890 is 23% below the US average of $1,163. Within Ohio, Hopedale's income is 38% below the state average of $71,814, and home values are 38% below the state median of $174,449.
Why Live in Hopedale, OH?
Hopedale offers affordable housing with a median home value of $108,000, below the US average of $244,900, and rent that’s lower than the national average at $890/month, and a strong job market with an unemployment rate of just 2.3%. Additionally, the city features a low poverty rate of 7.9%, better than the national average.
Potential considerations include median household income ($44,375) that falls below the national average. However, Hopedale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hopedale has a population of 893 with a median age of 51 years. Compare Hopedale with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Hopedale
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Milford Center | 893 | $91,667 | $190,200 | Compare |
| Rockford | 893 | $56,625 | $120,400 | Compare |
| Geneva-on-the-Lake | 896 | $45,655 | $123,500 | Compare |
| Millersport | 898 | $75,921 | $226,700 | Compare |
| Highpoint | 884 | $82,822 | $157,700 | Compare |
| West Mansfield | 904 | $74,821 | $156,800 | Compare |
| Goshen | 906 | $115,700 | $170,700 | Compare |
| Berlin Heights | 878 | $94,250 | $176,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hopedale With Other Cities
Frequently Asked Questions about Hopedale
What is the population of Hopedale, OH?
The population of Hopedale, OH is 893 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Ohio.
What is the median household income in Hopedale?
The median household income in Hopedale, OH is $44,375 per year, which is 41% below the national median of $75,149.
What is the median home value in Hopedale?
The median home value in Hopedale, OH is $108,000, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hopedale?
The median monthly rent in Hopedale, OH is $890, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Hopedale?
The unemployment rate in Hopedale, OH is 2.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hopedale, OH a good place to live?
Hopedale offers a moderate cost of living, affordable housing, and a strong job market. With a population of 893 and a median age of 51, the city appeals to established professionals and retirees.
How educated is Hopedale, OH?
9.5% of residents in Hopedale 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 Hopedale?
Key cost-of-living indicators for Hopedale, OH: median home value is $108,000 (56% below national), median rent is $890/month, and median household income is $44,375. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hopedale?
The poverty rate in Hopedale, OH is 7.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hopedale, OH?
Hopedale's population is 0.0% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.3% two or more races. 0.0% of residents are foreign-born.