Median real estate price in the City Center of Hope is $98,894, which is less expensive than 87.2% of Arkansas neighborhoods and 95.3% of all U.S. neighborhoods.
The average rental price in Hope City Center is currently $1,213, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.3% of Arkansas neighborhoods.
Hope City Center is a rural neighborhood (based on population density) located in Hope, Arkansas.
Real estate in the City Center of Hope, AR is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Hope City Center. The current real estate vacancy rate here is 40.5%. This is higher than the rate of vacancies in 97.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Hope, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Hope City Center neighborhood stands out for having an average per capita income lower than 99.6% of the neighborhoods in the United States.
In addition, neighborhoodScout's exclusive research revealed that 98.1% of the adult residents in the Hope City Center neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.7% of the neighborhoods in America.
Also, astoundingly, the City Center neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 97.4% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Hope neighborhood.
Our research reveals that 92.1% of commuters who live in the Hope City Center neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 98.2% of U.S. neighborhoods.
Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 40.5% of the residential real estate vacant, the Hope City Center neighborhood claims the distinction of having a higher vacancy rate than 97.6% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Hope City Center neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 97.3% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the City Center neighborhood in Hope are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.6% of U.S. neighborhoods. With 18.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.4% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Hope City Center neighborhood, 33.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.1%), and 8.7% in executive, management, and professional occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Hope City Center neighborhood is English, spoken by 80.4% of households. Other important languages spoken here include Spanish and Polish.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the City Center neighborhood in Hope, AR, residents most commonly identify their ethnicity or ancestry as Mexican (19.6%). There are also a number of people of Polish ancestry (3.5%). In addition, 11.4% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Hope City Center neighborhood spend under 15 minutes commuting one-way to work (50.9% of working residents), one of the shortest commutes across America.
Here most residents (92.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.