What is the rental vacancy rate in Hope Mills, NC?
The rental vacancy rate in Hope Mills, NC is 1.9% (±1.5 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.3% (±0.5 points).
307 (±93) homes, 4.5% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Hope Mills, the rental vacancy rate went from 7.9% in 2015–2019 to 1.9% in 2020–2024 (−6.0 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 1.9% (±1.5 points)
- Homeowner vacancy rate
- 0.3% (±0.5 points)
- Vacant homes
- 307 (±93)
Vacancy in Hope Mills against Cumberland County, its state and the nation
| Hope Mills | Cumberland County | North Carolina | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 1.9% (±1.5 points) | 5.5% (±0.5 points) | 7.1% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.3% (±0.5 points) | 1.1% (±0.2 points) | 1.3% (±0.1 points) | 0.9% |
| Vacant housing units | 307 (±93) | 14,040 (±553) | 613,323 (±9,483) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Hope Mills, the rental vacancy rate is lower than in Cumberland County (5.5%).
It is also lower than in North Carolina (7.1%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Hope Mills
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Hope Mills | — | 1.9% (±1.5 points) | — |
| Parkton | 5.4 mi | 0.0% (±79.9 points) | Not measurably different |
| Rockfish | 6.4 mi | 0.0% (±9.9 points) | Not measurably different |
| Fayetteville | 7.9 mi | 6.1% (±0.6 points) | Higher |
| Lumber Bridge | 8.4 mi | 0.0% (±90.6 points) | Not measurably different |
| Vander | 11 mi | 0.0% (±23.7 points) | Not measurably different |
| St. Pauls | 11 mi | 2.5% (±2.8 points) | Not measurably different |
| Rennert | 13 mi | 3.6% (±9.0 points) | Not measurably different |
| Eastover | 13 mi | 0.0% (±20.2 points) | Not measurably different |
Nearby places with a measurably higher figure: Fayetteville, NC (6.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Cumberland County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Wade | 18.9% (±20.2 points) |
| 2 | Spring Lake | 6.8% (±1.9 points) |
| 3 | Fayetteville | 6.1% (±0.6 points) |
| 4 | Stedman | 5.1% (±9.0 points) |
| 5 | Hope Mills | 1.9% (±1.5 points) |
| 6 (tie) | Eastover | 0.0% (±20.2 points) |
| 6 (tie) | Falcon | 0.0% (±100.0 points) |
| 6 (tie) | Godwin | 0.0% (±55.8 points) |
| 6 (tie) | Linden | 0.0% (±100.0 points) |
| 6 (tie) | Vander | 0.0% (±23.7 points) |
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 Mills
Is it hard to find a rental in Hope Mills?
The rental vacancy rate in Hope Mills, NC is 1.9% (±1.5 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Hope Mills tighter than it was?
In Hope Mills, the rental vacancy rate went from 7.9% in 2015–2019 to 1.9% in 2020–2024 (−6.0 percentage points), a measurable decrease.
How many homes are vacant in Hope Mills?
An estimated 307 (±93) housing units, 4.5% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hope Mills town, North Carolina
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Hope Mills town, North Carolina
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) for Hope Mills town, North Carolina (place:32640, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
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
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- Population growth in Hope Mills
- How long people stay in Hope Mills
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- North Carolina landlord and tenant rules
- Housing across Cumberland County
- North Carolina places ranked by rental vacancy rate
- Housing data for every place in North Carolina