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.
Home Trends in Hope, RI
On average, homes in Hope, Providence sell after 30 days on the market compared to the national average of 51 days. The median sale price for homes in Hope, Providence over the last 12 months is $647,500, up 49% from the median home sale price over the previous 12 months.
Median Sale Price
$647,500
Median Single Family Sale Price
$710,000
Median Townhouse Sale Price
$700,000
Median 2 Bedroom Sale Price
$395,000
Average Price Per Sq Ft
$384
Number of Homes for Sale
5
Last 12 months Home Sales
22
Median List Price
$622,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
49%