Market Overview
Home Prices in Hope, MI
The median home value in Hope, MI is $222,397 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.8% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hope are priced46% below average. Hope is part of the Midland, MI metro area.
Over the past five years, Hope home values have risen by approximately17.8%, reflecting steady appreciation in this market.
Price History
Hope Home Price Trend
2020
$164,346
$164K
—
2021
$188,730
$189K
+14.8%
2022
$197,166
$197K
+4.5%
2023
$201,454
$201K
+2.2%
2024
$205,210
$205K
+1.9%
2025
$206,356
$206K
+0.6%
2026
$222,397
$222K
+7.8%
City Comparison
Hope vs. National Median
🏠 Hope
$222,397
National Median
$410,000
At $222,397, homes in Hope cost 46% below the national median of $410,000. This makes Hope a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hope?
20% Down Payment
$44,479
on $222,397
Monthly P&I
$1,160/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,473/mo
incl. taxes & insurance
Income Needed
$58,920
gross annual (30% rule)
10% Down Option
$22,240
+ PMI applies
Loan Amount (20% dn)
$177,918
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 Hope, MI?
The median home value in Hope is $222,397 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.8% year-over-year.
How much have home prices changed in Hope?
Over the past year, home values in Hope have increased by 7.8%. Over five years, prices have risen approximately 17.8%.
How much do I need to earn to buy a home in Hope?
To comfortably afford the median home price of $222,397 with a 20% down payment ($44,479) at today's rates (6.8%), you'd need a gross annual income of approximately $58,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Hope compare to the national average home price?
The national median home value is approximately $410,000. At $222,397, homes in Hope are 46% below the national average.
What metro area is Hope part of?
Hope is part of the Midland, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.