Everything You Should Know Before Moving to Hope Valley, RI
Thinking about moving to Hope Valley, RI? This small, friendly community of around 1,870 residents offers affordable living with a median home price of $347,000 and average rents at $1,340. Enjoy a peaceful lifestyle with low violent crime rates (just 89 per 100k), short average commutes of 27 minutes, and top-rated local schools like Chariho Regional High. With a scenic New England climate, 56% sunny days, and easy access to healthcare and nearby colleges, Hope Valley is a great choice for those seeking a safe, welcoming, and comfortable place to call home.
Demographics - Hope Valley, RI
Demographics - Hope Valley, RI
Hope Valley is a close-knit community of about 1,870 residents, with a median age of 46.2 and a predominantly White population. The area has a balanced gender ratio and a small but notable percentage of non-English speakers, contributing to its welcoming and stable atmosphere.
Population:
1,870
Density:
230 per sq mi
Median Age:
46.2
Gender Ratio:
96 males per 100 females
Non-English Speakers Percentage:
7.5%
Ethnic Composition
White:
93.5%
Black:
0.9%
Asian:
1.2%
Others:
4.4%
Cost Of Living
What is the average cost of living in Hope Valley, RI?
The cost of living in Hope Valley is moderately above the national average, with a median home value of $347,000 and typical rents around $1,340 per month. Residents benefit from reasonable utility costs and state tax rates ranging from 3.75% to 5.99%.
Median House Value:
$347,000
Gross Rent:
$1,340
Monthly Electricity Charges:
$155
Auto Insurance:
$1,650
House Owner Cost With Mortgage:
$1,950
House Owner Cost Without Mortgage:
$690
State Taxes:
Low:
3.75%
|
High:
5.99%
Cost Of Living Index:
114.2
Grocery:
109.6
Housing:
118.0
Utilities:
121.4
Transportation:
104.2
Health Care:
107.1
Miscellaneous:
101.3
Crime
Is Hope Valley, RI a safe place to live?
Hope Valley offers a safe environment, with low violent crime rates at just 89 incidents per 100,000 people and a 1 in 1,120 chance of being a victim of violent crime. Property crime is also well below national averages, providing peace of mind for families and retirees.
Violent Crimes Per 100k:
89
Property Crimes Per 100k:
1,010
Crime Index:
1,099
Chance Of Violent Crime:
1 in 1,120
Chance Of Property Crime:
1 in 99
Weather
What is the weather like in Hope Valley, RI year-round?
Residents enjoy a classic New England climate, with warm summers reaching highs of 82°F and cold winters with lows around 22°F. The area receives about 49.7 inches of rainfall annually and boasts 56% sunny days, making it ideal for outdoor activities throughout the year.
Winter
Min:
22°F
Max:
38°F
Spring
Min:
42°F
Max:
65°F
Summer
Min:
62°F
Max:
82°F
Fall
Min:
44°F
Max:
67°F
Average Rainfall Inches:
49.7 inches
Sunny Days Percentage:
56%
Neighbors
Hope Valley features a strong sense of community, with a median household income of $81,200 and a low poverty rate of 7.1%. Most residents have at least a high school diploma, and the average commute is a manageable 27 minutes, supporting a comfortable suburban lifestyle.
Median Income:
$39,000
Household Income:
$81,200
Family Income:
$94,100
Per Capita Income:
$38,900
Income Male:
$51,000
Income Female:
$42,000
Poverty Rate:
7.1%
Non English Speakers:
7.5%
Rent:
$1,340
Unemployment Rate:
3.6%
Public Transport Usage:
1.1%
Commute Time:
27.4 minutes
Education
High School or Higher:
93.8%
Bachelors or More:
38.4%
Education
How are the schools in Hope Valley, RI?
Families in Hope Valley benefit from quality education, including public schools like Chariho Regional High with a favorable student-teacher ratio and access to the University of Rhode Island just 12 miles away. The community prioritizes education, with nearly 94% of adults holding at least a high school diploma.
Public Schools
Name:
Chariho Regional High School
Street:
453 Switch Rd
Phone:
401-364-7778
Students:
1,150
Student Teacher Ratio:
12.4
Name:
Hope Valley Elementary School
Street:
15 Thelma Dr
Phone:
401-539-2321
Students:
250
Student Teacher Ratio:
11.8
Colleges
Name:
University of Rhode Island
City:
Kingston
State:
RI
Distance:
12 miles
Students:
17,600
Healthcare
Access to healthcare is excellent, with nearly 94% of residents insured and two major hospitals, South County Hospital and Westerly Hospital, located nearby. The area has a solid ratio of physicians and a healthcare index that ensures quality local medical services.
Major Hospitals
Name:
South County Hospital
Address:
100 Kenyon Ave, Wakefield, RI 02879
Phone:
(401) 782-8000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Westerly Hospital
Address:
25 Wells St, Westerly, RI 02891
Phone:
(401) 596-6000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.6
Health Insurance Coverage:
94.1%
Health Care Index:
78.2
Housing Market
What is the housing market like in Hope Valley, RI?
The housing market in Hope Valley is stable, with a median home price of $347,000 and a high owner-occupancy rate of 82.5%. Home values have appreciated by 5.6% over the past year, and rental options remain available with a vacancy rate just under 6%.
Median Home Price:
$347,000
Average Rent For 2 Bedroom:
$1,340
Owner Occupied Rate:
82.5%
Rental Vacancy Rate:
5.8%
Home Appreciation Rate (1yr):
5.6%
New Construction Rate:
0.8%
Foreclosure Rate:
0.4%
DMV Information
Hope Valley residents are served by the Rhode Island Division of Motor Vehicles located in Cranston, providing convenient access to driver and vehicle services. The DMV offers comprehensive resources both in person and online to meet local licensing and registration needs.
State:
Rhode Island
Department:
Rhode Island Division of Motor Vehicles
Address:
600 New London Avenue, Cranston, RI 02920
Phone:
1-401-462-4368
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.