Why Live in Hope Valley
Hope Valley, located between downtown Greensboro and the city’s urban loop, is a suburban neighborhood known for its diverse architectural styles and recent development. The area features midcentury ranchers, bungalows, Cape Cod homes, and newer constructions, with many homes averaging around 1,250 square feet. This neighborhood attracts first-time homebuyers, downsizers, and remote workers due to its practical layouts and storage solutions. Despite the recent development, home prices remain lower than the Greensboro metro area, with single-family homes ranging from $130,000 to $275,000. Heath Park provides a playground and basketball court, while Barber Park features a splash pad, picnic shelters, a disc golf course, and an amphitheater. The Hayes-Taylor Memorial YMCA offers an indoor basketball court, pool, and weight room. For dining, Bernie’s Bar-B-Que and Taco in the Box are popular local spots, with more options available in downtown Greensboro. The neighborhood is conveniently located near major highways, including U.S. Route 70 and Interstates 40 and 840, making it easy to access other parts of the city.
Frequently Asked Questions
Is Hope Valley a good place to live?
Hope Valley is a good place to live. Hope Valley is considered very car-dependent and somewhat bikeable. Hope Valley is a suburban neighborhood. Hope Valley has 4 parks for recreational activities. It is fairly sparse in population with 5.5 people per acre and a median age of 34. The average household income is $49,371 which is below the national average. College graduates make up 12.5% of residents. A majority of residents in Hope Valley are renters, with 50.8% of residents renting and 49.2% of residents owning their home. A
local real estate agent serving Hope Valley can help you decide if this neighborhood is the right one for you. Learn more on our
Hope Valley neighborhood guide.
How much do you need to make to afford a house in Hope Valley?
The median home price in Hope Valley is $242,500. If you put a 20% down payment of $48,500 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $1,200 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $51K a year to afford the median home price in Hope Valley. The average household income in Hope Valley is $49K.
What are the best public schools in Hope Valley?
The best public schools that serve Hope Valley are:
What are the most popular zip codes in Hope Valley, Greensboro, NC?
What are the most popular neighborhoods near Hope Valley, Greensboro, NC?
Home Trends in Hope Valley, NC
On average, homes in Hope Valley, Greensboro sell after 59 days on the market compared to the national average of 52 days. The median sale price for homes in Hope Valley, Greensboro over the last 12 months is $237,500, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$237,500
Median Single Family Sale Price
$230,000
Average Price Per Sq Ft
$161
Number of Homes for Sale
2
Last 12 months Home Sales
28
Median List Price
$242,500
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
12%
