Why Live in Mount Hope
Mount Hope, located on the southern outskirts of Albany, is a neighborhood characterized by its mix of residential and industrial areas. The community is primarily composed of townhouse-style homes along Mount Hope Drive and Garland Court, featuring siding or brick facades. The neighborhood's affordability, with multi-family properties ranging between $100,000 and $200,000, attracts many investors. Residents benefit from easy access to major highways, including Interstates 87 and 787, making downtown Albany just 2 miles away. Public transportation is available via CDTA buses along Route 9W and New York State Route 32. While the Hudson River borders the area, it is not a recreational spot due to the industrial activity at the Port of Albany. Instead, outdoor activities are centered around Normans Kill, where residents enjoy fishing, kayaking, and wildlife observation. Mount Hope Park provides a playground and basketball court, while Krank Park and the Christian Plumeri Sports Complex offer additional recreational facilities nearby. For shopping and dining, residents often travel to Belmont, less than 3 miles south, where a variety of stores and restaurants are available. Educational options include Giffen Memorial Elementary School, Stephen & Harriet Myers Middle School, and the highly rated Albany High School.
Frequently Asked Questions
Is Mount Hope a good place to live?
Mount Hope is a good place to live. Mount Hope is considered very car-dependent and somewhat bikeable with some transit options. Mount Hope is a suburban neighborhood. Mount Hope has 10 parks for recreational activities. It is sparse in population with 1.1 people per acre and a median age of 34. The average household income is $56,270 which is below the national average. College graduates make up 52.4% of residents. A majority of residents in Mount Hope are renters, with 61.4% of residents renting and 38.6% of residents owning their home. A
local real estate agent serving Mount Hope can help you decide if this neighborhood is the right one for you. Learn more on our
Mount Hope neighborhood guide.
Is Mount Hope, NY a safe neighborhood?
Mount Hope, NY is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Mount Hope?
The median home price in Mount Hope is $179,900. If you put a 20% down payment of $36,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $920 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $39K a year to afford the median home price in Mount Hope. The average household income in Mount Hope is $56K.
What are the best public schools in Mount Hope?
The best public schools that serve Mount Hope are:
What are the best private schools in Mount Hope?
The best private schools that serve Mount Hope are:
What are the most popular zip codes in Mount Hope, Albany, NY?
What are the most popular neighborhoods near Mount Hope, Albany, NY?
Home Trends in Mount Hope, NY
On average, homes in Mount Hope, Albany sell after 4 days on the market compared to the national average of 52 days. The median sale price for homes in Mount Hope, Albany over the last 12 months is $174,000, up 16% from the median home sale price over the previous 12 months.
Median Sale Price
$174,000
Median Townhouse Sale Price
$180,000
Average Price Per Sq Ft
$137
Number of Homes for Sale
1
Last 12 months Home Sales
6
Median List Price
$179,900
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
16%