How much do homeowners pay a month in Hope, ME?
Homeowners with a mortgage in Hope, ME pay a median of $1,733 (±$168) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $727 (±$49).
66.7% of owned homes carry a mortgage.
In Hope, the median monthly cost with a mortgage went from $1,280 in 2015–2019 to $1,733 in 2020–2024 (+35.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,733 (±$168)
- Without a mortgage
- $727 (±$49)
- Owned with a mortgage
- 66.7%
Monthly owner costs in Hope
| Hope | Knox County | Maine | United States | |
|---|---|---|---|---|
| With a mortgage | $1,733 (±$168) | $1,691 (±$84) | $1,729 (±$15) | $1,963 |
| Without a mortgage | $727 (±$49) | $740 (±$31) | $638 (±$6) | $638 |
| Owned homes with a mortgage | 66.7% (±7.1 points) | 55.1% (±2.9 points) | 57.7% (±0.6 points) | 60.6% |
| Median real estate taxes (a year) | $3,842 (±$342) | $3,786 (±$131) | $3,036 (±$26) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Hope, the median cost with a mortgage is not measurably different from Knox County ($1,691).
It is not measurably different from Maine ($1,729).
It is lower than the national figure ($1,963).
In Knox County, Hope ranks 7 of 17 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 112 of 461.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Hope have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,280 (±$98) | $1,733 (±$168) | +35.4% | No measurable change after inflation |
| Median real estate taxes | $2,861 (±$220) | $3,842 (±$342) | +34.3% | No measurable change after inflation |
| Median home value | $236,300 (±$15,708) | $373,400 (±$32,654) | +58.0% | 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.
Median monthly cost with a mortgage in places near Hope
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Hope | — | $1,733 (±$168) | — |
| Union | 4.9 mi | $1,696 (±$115) | Not measurably different |
| Appleton | 5.6 mi | $1,547 (±$284) | Not measurably different |
| Camden (community) | 6.2 mi | $2,746 (±$255) | Higher |
| Camden | 6.3 mi | $2,625 (±$276) | Higher |
| Rockport | 6.8 mi | $2,642 (±$168) | Higher |
| Lincolnville | 7.1 mi | $1,457 (±$276) | Not measurably different |
| Warren | 8.3 mi | $1,387 (±$102) | Lower |
| Rockland | 8.6 mi | $1,388 (±$103) | Lower |
Nearby places with a measurably lower figure: Warren, ME ($1,387), Rockland, ME ($1,388).
Nearby places with a measurably higher figure: Camden (community), ME ($2,746), Camden, ME ($2,625), Rockport, ME ($2,642).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Knox County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Rockport | $2,642 (±$168) |
| 2 | Camden | $2,625 (±$276) |
| 3 | St. George | $2,538 (±$1,429) |
| 4 | Matinicus Isle Plantation | $2,200 (±$121) |
| 5 | Cushing | $2,024 (±$283) |
| 6 | North Haven | $1,875 (±$434) |
| 7 | Hope | $1,733 (±$168) |
| 8 | Owls Head | $1,708 (±$190) |
| 9 | Union | $1,696 (±$115) |
| 10 | Thomaston | $1,654 (±$157) |
| 11 | South Thomaston | $1,628 (±$152) |
| 12 | Appleton | $1,547 (±$284) |
| 13 | Vinalhaven | $1,487 (±$107) |
Showing 13 of 17 places in Knox County, ranked from highest to lowest.
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 Hope
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Hope beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Hope, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Hope, and send estimates and invoices from your phone.
Questions about Hope
What is the average mortgage payment in Hope?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Hope, ME is $1,733 (±$168) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Hope?
Owners without a mortgage in Hope pay a median of $727 (±$49) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Hope gone up?
In Hope, the median monthly cost with a mortgage went from $1,280 in 2015–2019 to $1,733 in 2020–2024 (+35.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hope town, Knox County, Maine
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Hope town, Knox County, Maine
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Hope town, Knox County, Maine
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Hope town, Knox County, Maine
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Hope town, Knox County, Maine
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Hope town, Knox County, Maine (county subdivision:33840, in state:23 county:013).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
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 .
Related
- Housing in Hope at a glance
- Renters and owners in Hope
- Income and affordability in Hope
- Home values in Hope
- Property taxes in Hope
- Types of homes in Hope
- Bedrooms in Hope
- Age of homes in Hope
- Heating fuel in Hope
- Commute and cars in Hope
- Population growth in Hope
- How long people stay in Hope
- Maine landlord and tenant rules
- Housing across Knox County
- Housing data for every place in Maine