What is the population of Hope town?

Hope town has 1,988 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #233 of 976 in Indiana.

What is the median household income in Hope town?

Median household income in Hope town is $68,015 a year, 13.4% below the national figure of $78,538.

How much does it cost to rent or buy in Hope town?

Median gross rent is $1,101 a month and the median home value is $127,200, so rent absorbs about 19.4% of median household income.

Is Hope town affordable compared with the rest of the US?

Homes cost about 1.9× the local median income here versus roughly 3.9× nationally, so Hope town is more affordable to buy in than the typical US market, and rent takes 19.4% of median income against the 30% cost-burden line.

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Indiana · Census place 34744

Hope, IN population, income and ZIP codes

Quick answer

The population of the city of Hope, Indiana (Hope, IN — Census place “Hope town”) is 1,988 residents, ranking #233 of 976 places in Indiana. Median household income is $68,015, the median home is worth $127,200 and median gross rent runs $1,101 a month. Looking for the Hope Indiana ZIP code list? 1 ZIP codes serve Hope, IN: 47246.

Population: 1,988Hope town residents
Median household income: $68,015Past 12 months, inflation adjusted
Median home value: $127,200Owner-occupied units
Median gross rent: $1,101Rent plus utilities, monthly
Median age: 31.5 yrsAll residents
Homeownership rate: 77.5%Owner-occupied households

Hope ZIP codes (Indiana)

Census ZCTAs whose delivery area overlaps Hope.

The Hope IN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

47246

What the numbers mean in Hope town

Housing cost measured against local earnings.

A household earning the Hope town median would spend about 19.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.2% of residents and 77.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Hope town, IN in context

How this area compares with national benchmarks.

Hope town is a small town in Indiana, with 1,988 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #233 of 976 ranked by population — larger than 76% of them. The median age here is 31.5 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Hope town earn a median of $68,015 a year, 13.4% below the national figure of $78,538 and 11% above the $61,527 median for the 355 Indiana cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 15.2% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Hope town is valued at $127,200, 58.1% below the national figure and 13% below the $145,600 peer median, while median gross rent runs $1,101 a month, 21.7% below the national figure, or roughly $13,212 across a full year. A household on the local median income would put about 19.4% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.9×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 77.5% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Indiana.

More Indiana coverage.

Frequently asked questions

Common questions about this area.

What is the population of Hope town?: Hope town has 1,988 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #233 of 976 in Indiana.
What is the median household income in Hope town?: Median household income in Hope town is $68,015 a year, 13.4% below the national figure of $78,538.
How much does it cost to rent or buy in Hope town?: Median gross rent is $1,101 a month and the median home value is $127,200, so rent absorbs about 19.4% of median household income.
Is Hope town affordable compared with the rest of the US?: Homes cost about 1.9× the local median income here versus roughly 3.9× nationally, so Hope town is more affordable to buy in than the typical US market, and rent takes 19.4% of median income against the 30% cost-burden line.
How current is this Hope town data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.