Hope Valley, Rhode Island Demographics & Population 2026
During the 2020–2024 ACS period, Hope Valley, Rhode Island had a total population of 2,297, the 19th largest community in Rhode Island, with a median household income of $101,932, which is 16% higher than the state average. The poverty rate is 9.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Hope Valley Quick Facts
How Hope Valley Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,147 | 2,297 | +7.0% |
| Median household income | $98,481 | $101,932 | +3.5% |
| Median home value | $424,100 | $447,500 | +5.5% |
How Hope Valley Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 50 | National average: 61
Education
Educational Attainment (Adults 25+)
Hope Valley Rankings in Rhode Island
Explore Rhode Island Rankings
Other Cities in Washington County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Westerly | 18,411 | $95,207 | 5.7% | $448,800 |
| Wakefield-Peace Dale | 9,302 | $106,551 | 9.5% | $494,400 |
| Kingston | 7,332 | $107,404 | 1.8% | $553,400 |
| Narragansett Pier | 3,167 | $82,192 | 13.6% | $851,300 |
| Ashaway | 1,722 | $103,707 | 1.4% | $343,600 |
| Bradford | 1,511 | $120,250 | 2.3% | $418,100 |
| Charlestown | 1,499 | $108,563 | 4.2% | $583,200 |
| Carolina | 1,048 | $140,196 | 5.6% | $396,400 |
| Quonochontaug | 610 | $86,071 | 5.3% | $1,043,900 |
| Weekapaug | 541 | $137,917 | 5.7% | $1,252,700 |
Cities Similar to Hope Valley
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Chepachet | 1,923 | $92,971 | $279,400 | 26.9% | 3.5% |
| Ashaway | 1,722 | $103,707 | $343,600 | 31.7% | 1.4% |
| Melville | 1,631 | $102,266 | N/A | 59.5% | 1.6% |
| Narragansett Pier | 3,167 | $82,192 | $851,300 | 58.7% | 13.6% |
| Charlestown | 1,499 | $108,563 | $583,200 | 57.6% | 4.2% |
Population Overview
Hope Valley is a small community located in Rhode Island, within Washington County. The total population is 2,297. It ranks as the 19th most populous out of 36 Census-designated places in Rhode Island.
Age Demographics
The median age in Hope Valley is 41.9 years. This is 3% higher than the state median of 40.6 years.
Economy, Income & Housing
The median household income in Hope Valley is $101,932. This is 16% higher than the state median of $87,796. It is also 26% higher than the national median of $80,734. The poverty rate stands at 9.2%. This is 18% lower than the state poverty rate of 11.2%. The unemployment rate is 5.4%. This is 7% lower than the state rate of 5.8%. The median home value is $447,500. Housing costs are 11% higher than the state median of $404,200. The home-value-to-income ratio is 4.4x. 91.8% of occupied housing units are owner-occupied. This homeownership rate is 44% higher than the state average of 63.6%.
Race & Ethnicity
Hope Valley has a predominantly White (non-Hispanic) population, comprising 93.8% of all residents. Hispanic or Latino residents account for 1.9%. The Hispanic or Latino population (1.9%) is well below the state average of 17.7%.
Education
26.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 30% lower than the state rate of 37.7%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 83.5%.
Data Sources & Methodology
All demographic data for Hope Valley, Rhode Island is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Rhode Island state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 36 Census-designated places in Rhode Island. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Hope Valley, Rhode Island?
Hope Valley, Rhode Island has a population of 2,297 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Hope Valley, RI?
The median household income in Hope Valley is $101,932, which is 26% higher than the national median of $80,734.
What is the poverty rate in Hope Valley, RI?
The poverty rate in Hope Valley is 9.2%. This means approximately 211 residents live below the federal poverty line.
What is the racial makeup of Hope Valley, Rhode Island?
Hope Valley's population is 93.8% White, 0.0% Black, 1.9% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Hope Valley, RI?
The median home value in Hope Valley is $447,500. The home-value-to-income ratio is 4.4x.
How educated is Hope Valley, Rhode Island?
26.3% of adults (25+) in Hope Valley hold a bachelor's degree or higher, and 2.0% hold a graduate or professional degree.