What percentage of people rent in Hope, ME?

7.1% (±3.2 points) of the occupied homes in Hope, ME are rented (2020–2024 American Community Survey).

That is 49 renting households against 646 that own their home.

In Hope, the share of households that rent went from 11.4% in 2015–2019 to 7.1% in 2020–2024 (−4.3 percentage points), not a measurable change.

Figures last updated on .

Households that rent
7.1% (±3.2 points)
Renting households
49 (±23)
Median renter income
$51,406 (±$26,557)

Who rents and who owns in Hope

Tenure, estimate (90% margin of error)
HopeKnox CountyMaineUnited States
Renter-occupied share7.1% (±3.2 points)21.3% (±2.2 points)25.7% (±0.4 points)34.8%
Renting households49 (±23)3,933 (±460)153,586 (±2,467)45,017,354
Owning households646 (±81)14,551 (±440)443,573 (±3,445)84,210,142
Average renter household size2.1 (±0.8)1.7 (±0.1)1.9 (±0.0)2.3
Average owner household size2.5 (±0.3)2.2 (±0.1)2.4 (±0.0)2.6
Median renter household income$51,406 (±$26,557)$42,426 (±$12,590)$44,257 (±$1,278)$52,966
Median owner household income$87,341 (±$12,048)$83,947 (±$4,997)$88,635 (±$995)$100,009

In Hope, the renter share is lower than in Knox County (21.3%).

It is also lower than in Maine (25.7%).

It is lower than the national figure (34.8%).

In Knox County, Hope ranks 17 of 18 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 392 of 482.

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

How renting in Hope has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent11.4% (±5.5 points)7.1% (±3.2 points)−4.3 percentage pointsNot a measurable change
Median gross rent$884 (±$170)$1,219 (±$182)+37.9%No measurable change after inflation
Median household income$69,107 (±$7,422)$86,766 (±$5,903)+25.6%No measurable change 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 Hope

Nearest places with a published estimate, compared with Hope
PlaceDistanceHouseholds that rentCompared with this place
Hope—7.1% (±3.2 points)—
Union4.9 mi14.1% (±6.9 points)Not measurably different
Appleton5.6 mi17.4% (±10.6 points)Not measurably different
Camden (community)6.2 mi30.5% (±8.8 points)Higher
Camden6.3 mi26.5% (±7.3 points)Higher
Rockport6.8 mi15.5% (±7.8 points)Not measurably different
Lincolnville7.1 mi12.6% (±4.9 points)Not measurably different
Warren8.3 mi18.7% (±7.7 points)Higher
Rockland8.6 mi38.0% (±6.0 points)Higher

Nearby places with a measurably higher figure: Camden (community), ME (30.5%), Camden, ME (26.5%), Warren, ME (18.7%).

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

Households that rent across Knox County, place by place

RankPlaceHouseholds that rent
11Union14.1% (±6.9 points)
12St. George13.9% (±8.5 points)
13Vinalhaven13.4% (±6.7 points)
14Friendship8.9% (±3.4 points)
15 (tie)South Thomaston7.5% (±3.5 points)
15 (tie)Washington7.5% (±4.4 points)
17Hope7.1% (±3.2 points)
18Matinicus Isle Plantation0.0% (±62.6 points)

Showing 8 of 18 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.

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Questions about Hope

How many renters are there in Hope?

Hope has an estimated 49 (±23) renting households, 7.1% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Hope?

In Hope, the share of households that rent went from 11.4% in 2015–2019 to 7.1% in 2020–2024 (−4.3 percentage points), not a measurable change.

How big are renting households in Hope?

A renting household in Hope has 2.1 people on average, against 2.5 in an owned home.

How much do renters earn in Hope?

The median renting household in Hope, ME has an income of $51,406 (±$26,557) a year, against $87,341 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 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 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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