Market Overview
Home Prices in Mount Hope, AL
The median home value in Mount Hope, AL is $219,985 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mount Hope are priced46% below average. Mount Hope is part of the Decatur, AL metro area.
Over the past five years, Mount Hope home values have risen by approximately28.9%, reflecting strong long-term appreciation in this market.
Price History
Mount Hope Home Price Trend
City Comparison
Mount Hope vs. National Median
At $219,985, homes in Mount Hope cost 46% below the national median of $410,000. This makes Mount Hope a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mount Hope?
20% Down Payment
$43,997
on $219,985
Monthly P&I
$1,147/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,457/mo
incl. taxes & insurance
Income Needed
$58,280
gross annual (30% rule)
10% Down Option
$21,999
+ PMI applies
Loan Amount (20% dn)
$175,988
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mount Hope, AL?
The median home value in Mount Hope is $219,985 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Mount Hope?
Over the past year, home values in Mount Hope have increased by 0.7%. Over five years, prices have risen approximately 28.9%.
How much do I need to earn to buy a home in Mount Hope?
To comfortably afford the median home price of $219,985 with a 20% down payment ($43,997) at today's rates (6.8%), you'd need a gross annual income of approximately $58,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Mount Hope compare to the national average home price?
The national median home value is approximately $410,000. At $219,985, homes in Mount Hope are 46% below the national average.
What metro area is Mount Hope part of?
Mount Hope is part of the Decatur, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.