Why Live in Hope
Hope, located on the east side of Providence, is a walkable neighborhood known for its vibrant residential atmosphere and proximity to downtown. The area features well-preserved Victorian homes with front lawns, flower gardens, and sidewalks that create an inviting feel. These Victorian multifamily properties are characterized by high ceilings, large windows, and abundant natural light. The neighborhood is popular among both homeowners and investors, with properties often quickly purchased. Residents enjoy a variety of things to do, such as visiting local eateries like Seven Stars Bakery and the Sandwich Hut, or attending live music performances at the Parlour.
Hope offers ample green spaces, including Blackstone Boulevard and the Blackstone Park Conservation District, where neighbors can bike, walk dogs, or enjoy the woods. Community parks like Kerry Kohring Park and Lippitt Memorial Park provide playgrounds and walking paths, with Lippitt Park hosting the Hope Street Farmers Market and Providence Artisans Market on Saturdays from May to October. The neighborhood's walkability is complemented by public transportation options, with bus routes operated by the Rhode Island Public Transit Authority providing easy access to downtown Providence.
For shopping, residents can visit the nearby Stop & Shop or the Providence Place mall, located 2 miles south. The neighborhood is also conveniently situated near Interstate 95 and U.S. Route 1, making it accessible for commuters. While the local public schools have mixed ratings, the area offers school choice within the Providence Public Schools district. With its charming streetscapes, local businesses, and community events, Hope provides a lively and engaging environment for its residents.
Frequently Asked Questions
Is Hope a good place to live?
Hope is a good place to live. Hope is considered fairly walkable and bikeable with some transit options. Hope has 5 parks for recreational activities. It is very dense in population with 15.2 people per acre and a median age of 42. The average household income is $112,542 which is above the national average. College graduates make up 64.9% of residents. A majority of residents in Hope are home owners, with 45.6% of residents renting and 54.4% of residents owning their home. A
local real estate agent serving Hope can help you decide if this neighborhood is the right one for you. Learn more on our
Hope neighborhood guide.
How much do you need to make to afford a house in Hope?
The median home price in Hope is $589,000. If you put a 20% down payment of $117,800 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $2,980 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $128K a year to afford the median home price in Hope. The average household income in Hope is $113K.
What are the best public schools in Hope?
The best public schools that serve Hope are:
- Classical High School has an A Niche grade, a student teacher ratio of 18:1 and an average review score of 3.8.
- E-Cubed Academy has a B- Niche grade, a student teacher ratio of 10:1 and an average review score of 3.7.
- Charles E. Shea High School has a B- Niche grade, a student teacher ratio of 13:1 and an average review score of 3.6.
What are the best private schools in Hope?
The best private schools that serve Hope are:
- Wheeler School has an A+ Niche grade, a student teacher ratio of 6:1 and an average review score of 4.6.
- Moses Brown School has an A+ Niche grade, a student teacher ratio of 8:1 and an average review score of 4.6.
- Lincoln School has an A+ Niche grade, a student teacher ratio of 6:1 and an average review score of 4.2.
What are the most popular zip codes in Hope, Providence, RI?
What are the most popular neighborhoods near Hope, Providence, RI?
Home Trends in Hope, RI
On average, homes in Hope, Providence sell after 28 days on the market compared to the national average of 52 days. The median sale price for homes in Hope, Providence over the last 12 months is $588,000, up 15% from the median home sale price over the previous 12 months.
Median Sale Price
$588,000
Median Single Family Sale Price
$660,000
Median Townhouse Sale Price
$507,500
Median 2 Bedroom Sale Price
$365,000
Average Price Per Sq Ft
$379
Number of Homes for Sale
0
Last 12 months Home Sales
25
Median List Price
$589,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
15%