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Why Live in Hope

Hope, Arkansas, is a small community of 9,000 residents known for its annual Watermelon Festival, which has been a summer tradition since the 1920s. The festival attracts visitors with its giant melons, food vendors, live music, and livestock shows. Healthcare and manufacturing are key industries in Hope, with the Southwest Arkansas Regional Medical Center and Tyson Foods, Inc. playing significant roles. The historic downtown area features red-brick storefronts, vibrant murals, and locally owned businesses near the Hope Visitor Center and Museum, a functioning Amtrak station and mini museum dedicated to President Bill Clinton. For shopping, residents can visit big-box stores like Piggly Wiggly and Walmart on the outskirts of town. Hope maintains three parks, including Fair Park, which spans over 140 acres and hosts the Watermelon Festival and Southwest Arkansas District Fair. Housing in Hope consists mainly of rustic ranch-style homes and bungalows built between the 1920s and 1960s, with larger lots available further from the town center. The subtropical climate brings a rainy season from March to July, making flood zone checks important for homebuyers. Hope Public Schools, including Hope High School, offer a concurrent enrollment program with the University of Arkansas Hope-Texarkana. Interstate 30 provides direct access to Little Rock, located just over 110 miles northeast, while Texarkana Regional Airport is 34 miles away.

Home Trends in Hope, AR

Housing Trends

Median Sale Price
$95,000
Median Single Family Sale Price
$95,000
Average Price Per Sq Ft
$68
Number of Homes for Sale
3
Last 12 months Home Sales
16
Months of Supply
2.30
Median List Price
$106,000
Median Change From 1st List Price
19%
Median Home Sale Price YoY Change
-71%
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