Hope Valley, RI
Population 2,147 · Rhode Island
About Hope Valley, RI
Hope Valley is a small community in Rhode Island with a population of 2,147 residents. The median household income is $98,481 per year, which is above the national average. The median age in Hope Valley is 41.8 years.
Housing in Hope Valley has a median home value of $424,100 and median monthly rent of $1,393. Of the 779 total housing units, the majority are owner-occupied, with 633 owner-occupied and 146 renter-occupied units.
The unemployment rate in Hope Valley is 6.9% and the poverty rate is 6.1%. 26.1% of residents hold a bachelor's degree or higher. The average commute time is 30.9 minutes.
How Hope Valley Ranks in Rhode Island
Cost of Living in Hope Valley, RI
Compared to national averages, Hope Valley has a median household income of $98,481 (31% above the national median of $75,149). Home values average $424,100, which is 73% above the national median. Monthly rent at $1,393 is 20% above the US average of $1,163. Within Rhode Island, Hope Valley's income is 6% above the state average of $92,962, and home values are 10% below the state median of $469,914.
Why Live in Hope Valley, RI?
Hope Valley offers a strong local economy with a median household income of $98,481, well above the national average, and a low poverty rate of 6.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $424,100. However, Hope Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hope Valley has a population of 2,147 with a median age of 41.8 years. Compare Hope Valley with other cities to see how it stacks up, or explore all cities in Rhode Island.
Similar Cities Near Hope Valley
Cities in Rhode Island with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Melville | 1,840 | $103,393 | $0 | Compare |
| Chepachet | 1,819 | $95,423 | $285,600 | Compare |
| Harrisville | 1,816 | $66,016 | $348,700 | Compare |
| Ashaway | 1,682 | $101,165 | $305,600 | Compare |
| Charlestown | 1,648 | $113,281 | $545,800 | Compare |
| Bradford | 1,437 | $108,295 | $387,100 | Compare |
| Carolina | 1,238 | $123,063 | $366,000 | Compare |
| Narragansett Pier | 3,080 | $79,683 | $771,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Rhode Island
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hope Valley
What is the population of Hope Valley, RI?
The population of Hope Valley, RI is 2,147 according to the latest Census data.
What is the median household income in Hope Valley?
The median household income in Hope Valley, RI is $98,481 per year.
What is the median home value in Hope Valley?
The median home value in Hope Valley, RI is $424,100.
What is the average rent in Hope Valley?
The median monthly rent in Hope Valley, RI is $1,393.
What is the unemployment rate in Hope Valley?
The unemployment rate in Hope Valley, RI is 6.9%.