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Hope

Hope

Located in Hempstead County

$87 Average Price per Sq Ft
32 Homes For Sale

Healthcare, manufacturing and a watermelon festival

The southwest Arkansas city of Hope may be the hometown of U.S. President Bill Clinton, but for those who call this small community of 9,000 home, melons are its defining export. That’s because the annual Hope Watermelon Festival, a summer celebration since the 1920s, brings to town a change of pace, an influx of out-of-towners and some seriously big melons – some even topping 200 lbs.
Agricultural feats aside, healthcare and manufacturing are the leading industries in Hope, thanks to the Southwest Arkansas Regional Medical Center and Tyson Foods, Inc.’s hatchery and processing plant. “It’s a small, rural community with lots of industry – agriculture, poultry and timber, which is mainly pine,” says local Jodi King, a Realtor with Stavely and Associates Real Estate. “We’re mostly known for watermelons, though.

The southwest Arkansas city of Hope is the hometown of U.S. President Bill Clinton. Many come here to visit his birthplace home.
The southwest Arkansas city of Hope is the hometown of U.S. President Bill Clinton. Many come here to visit his birthplace home.
The annual Hope Watermelon Festival, a summer celebration since the 1920s, brings to town an influx of out-of-towners and some seriously big melons – some even topping 200 lbs.
The annual Hope Watermelon Festival, a summer celebration since the 1920s, brings to town an influx of out-of-towners and some seriously big melons – some even topping 200 lbs.
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Hope’s historic downtown

Hope’s historic downtown is a quaint collection of red-brick storefronts and vibrant murals. Locally owned businesses cluster around the streets just south of the Hope Visitor Center and Museum, a 1912 train depot that is not only an operational Amtrak station but also serves as a mini President Clinton museum. Big-box stores like Piggly Wiggly and Walmart are on Hope’s fringes.

The Hope Visitor Center and Museum, a 1912 train depot that is not only an operational Amtrak station but also serves as a mini President Clinton museum.
The Hope Visitor Center and Museum, a 1912 train depot that is not only an operational Amtrak station but also serves as a mini President Clinton museum.
Big-box stores like Walmart sit on North Hervey Street just northwest of Hope’s  downtown area.
Big-box stores like Walmart sit on North Hervey Street just northwest of Hope’s downtown area.
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Fair Park and the watermelon festival

The town maintains three parks, including Northside Park, popular for youth sports. At over 140 acres, Fair Park is the biggest public green space in town. It features a 10-acre pond and a smaller section for fishing derbies. It’s also well-known as the site of the Hope Watermelon Festival and the Southwest Arkansas District Fair. King says the event brings food vendors, live music, livestock shows and rodeos to town. The park also hosts a popular spring livestock show.

Fair Park is a popular gathering space for playtime, parties and nature.
Fair Park is a popular gathering space for playtime, parties and nature.
Hope maintains three parks, including Northside Park, popular for youth sports like baseball and basketball and offers a playground.
Hope maintains three parks, including Northside Park, popular for youth sports like baseball and basketball and offers a playground.
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Ranch-style homes on lots of land

The median price in Hope is roughly $117,000, less than a third of the national average. That said, sales data is limited since houses around here don’t sell often. “Especially in the farm community. Everyone hangs on to their property and passes it down,” King says. Many of Hope’s rustic ranch-style homes and bungalows were built between the 1920s and the late 1960s. President Clinton’s childhood home, a beautifully preserved American Foursquare on South Hervey Street, was built in 1917. Generally, lot sizes are bigger the farther out from the center of town, with ranches on the outskirts sprawling across more than 100 acres. Hope residents enjoy a subtropical climate, which comes with a rainy season between March and July, so homebuyers should check their prospective property’s flood zone when considering insurance. The Hope Police Department serves the community. Crime statistics for the area are not readily available.

Bungalows were built between the 1920s and the late 1960s in Hope.
Bungalows were built between the 1920s and the late 1960s in Hope.
Many of Hope’s rustic ranch-style homes sit on quarter to half-acre lots shrouded in trees.
Many of Hope’s rustic ranch-style homes sit on quarter to half-acre lots shrouded in trees.
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Home of the Bobcats

Hope Public Schools earns a C from Niche. Hope High School, Home of the Bobcats, is graded B and offers a concurrent enrollment program, allowing students to attend high-school courses on campus while taking college-level classes at the University of Arkansas Hope-Texarkana. The two-year university is part of the University of Arkansas system and offers over 50 areas of study on Hope’s south side.

Hope High School, Home of the Bobcats, is graded B on Nitche.
Hope High School, Home of the Bobcats, is graded B on Nitche.
The two-year University of Arkansas Hope-Texarkana is part of the University of Arkansas system and offers over 50 areas of study on Hope’s south side.
The two-year University of Arkansas Hope-Texarkana is part of the University of Arkansas system and offers over 50 areas of study on Hope’s south side.
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Interstate 30 to Little Rock

Hope is about 34 miles from Texarkana Regional Airport, which has connecting flights to Dallas Fort Worth International Airport, the closest international airport. The state capital, Little Rock, is just over 110 miles northeast. Interstate 30, a direct route to Little Rock, runs along the north side of town.

Micaela Willoughby
Written By
Micaela Willoughby
Brooke Wasson
Photography Contributed By
Brooke Wasson
Rebecca Askin
Video By
Rebecca Askin

Interested in learning more about homes in this area? Reach out to Gayle Dixon, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Hope Housing Trends

Housing Trends

Median List Price
$122,250
Median Sale Price
$110,000
Median Single Family Sale Price
$110,250
Median Townhouse Sale Price
$68,000
Median Change From 1st List Price
5%
Last 12 months Home Sales
69
Median Home Sale Price YoY Change
$34
Average Price Per Sq Ft
$87

Neighborhood Facts

Number of Homes for Sale
32
Months of Supply
5.60

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Hope Has More Owners

Demographics

Total Population
8,633
Median Age
36
Population under 18
30%
Above the national average
23.8%
Population over 65
17.2%
On par with the national average
19.1%

Finances

Median Household Income
$42,456
Significantly below the national average
$71,702
Average Household Income
$59,891

Education and Workforce

High School Graduates
79.4%
Below the national average
89.1%
College Graduates
13.5%
Below the national average
34.1%
Advanced Degrees
4.5%
% Population in Labor Force
57.3%
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Hope