What percentage of people rent in Good Hope, AL?

28.5% (±11.1 points) of the occupied homes in Good Hope, AL are rented (2020–2024 American Community Survey).

That is 236 renting households against 593 that own their home.

In Good Hope, the share of households that rent went from 29.2% in 2015–2019 to 28.5% in 2020–2024 (−0.7 percentage points), not a measurable change.

Figures last updated on .

Households that rent
28.5% (±11.1 points)
Renting households
236 (±90)
Median renter income
$55,441 (±$39,657)

Who rents and who owns in Good Hope

Tenure, estimate (90% margin of error)
Good HopeCullman CountyAlabamaUnited States
Renter-occupied share28.5% (±11.1 points)23.4% (±1.7 points)29.8% (±0.3 points)34.8%
Renting households236 (±90)8,259 (±623)595,092 (±6,593)45,017,354
Owning households593 (±142)27,088 (±680)1,402,155 (±8,895)84,210,142
Average renter household size3.5 (±0.7)2.4 (±0.1)2.3 (±0.0)2.3
Average owner household size2.9 (±0.5)2.6 (±0.1)2.6 (±0.0)2.6
Median renter household income$55,441 (±$39,657)$41,345 (±$4,396)$38,294 (±$594)$52,966
Median owner household income$107,630 (±$23,460)$73,787 (±$3,840)$79,108 (±$602)$100,009

In Good Hope, the renter share is not measurably different from Cullman County (23.4%).

It is not measurably different from Alabama (29.8%).

It is not measurably different from the national figure (34.8%).

In Cullman County, Good Hope ranks 6 of 12 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 239 of 514.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Good Hope has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent29.2% (±9.3 points)28.5% (±11.1 points)−0.7 percentage pointsNot a measurable change
Median gross rent$829 (±$237)$884 (±$238)+6.6%No measurable change after inflation
Median household income$49,761 (±$4,295)$93,661 (±$20,864)+88.2%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Good Hope

Nearest places with a published estimate, compared with Good Hope
PlaceDistanceHouseholds that rentCompared with this place
Good Hope—28.5% (±11.1 points)—
Dodge City4.8 mi11.7% (±8.0 points)Lower
Cullman4.8 mi38.5% (±4.6 points)Not measurably different
Hanceville6.7 mi41.7% (±9.5 points)Not measurably different
Berlin8.5 mi25.5% (±11.2 points)Not measurably different
South Vinemont8.6 mi30.9% (±14.6 points)Not measurably different
Garden City9.5 mi17.6% (±10.6 points)Not measurably different
West Point10 mi24.2% (±13.5 points)Not measurably different
Colony12 mi15.4% (±16.3 points)Not measurably different

Nearby places with a measurably lower figure: Dodge City, AL (11.7%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Cullman County, place by place

RankPlaceHouseholds that rent
1Holly Pond42.9% (±10.7 points)
2Hanceville41.7% (±9.5 points)
3Cullman38.5% (±4.6 points)
4Fairview33.1% (±13.1 points)
5South Vinemont30.9% (±14.6 points)
6Good Hope28.5% (±11.1 points)
7Berlin25.5% (±11.2 points)
8West Point24.2% (±13.5 points)
9Garden City17.6% (±10.6 points)
10Colony15.4% (±16.3 points)
11Baileyton14.2% (±9.1 points)
12Dodge City11.7% (±8.0 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Good Hope

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Questions about Good Hope

How many renters are there in Good Hope?

Good Hope has an estimated 236 (±90) renting households, 28.5% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Good Hope?

In Good Hope, the share of households that rent went from 29.2% in 2015–2019 to 28.5% in 2020–2024 (−0.7 percentage points), not a measurable change.

How big are renting households in Good Hope?

A renting household in Good Hope has 3.5 people on average, against 2.9 in an owned home.

How much do renters earn in Good Hope?

The median renting household in Good Hope, AL has an income of $55,441 (±$39,657) a year, against $107,630 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Good Hope city, Alabama (place:30496, in state:01).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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