How much does it cost to rent in Hope Mills, NC?

As of July 2026, the median monthly rent in Hope Mills, NC is $1,716. This figure is based on aggregated data from public sources and community-submitted rents.

Is Hope Mills cheaper than other North Carolina cities?

Hope Mills falls in the middle range for North Carolina, ranking #66 out of 126 cities at $1,716/mo.

When was Hope Mills rent data last updated?

Hope Mills rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · NC

Hope Mills

Name: Average Rent Prices in Hope Mills, NC
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 17,939·66th most expensive in North Carolina·Hope Mills rents are up 9.0% over the past year

Median rent (all units)

$1,716/mo

Year-over-Year

+9.0%

Month-over-Month

-3.2%

vs US Median

-$249

Falling (Monthly)

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Most AffordableMost Expensive

Hope Mills · $1,716

More affordable than 60% of US cities · National median $1,965/mo

Affordability

31% of income

MODERATE

0%30% benchmark60%+

At $1,716/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford

$69,000/yr

Local median income

$65,774/yr

Based on the 30%-of-income rule using Hope Mills's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$1,070

1 BR

$1,080

2 BR

$1,230

3 BR

$1,660

4 BR+

$2,070

Research median

$1,230/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$20,592/yr

At $1,716/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (9.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+9.0% YoY, -3.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Hope Mills, NC is majority owner-occupied, has a large share of families with children, has a median income below the national average, 23.4% of residents hold a bachelor's degree or higher.

Population

17,939

Median income

$65,774

Median age

Renters

33.5%

Age distribution

28.3%

23%

25.8%

12.7%

Under 1828.3%

18–3423%

35–5425.8%

55–6410.2%

65+12.7%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

45%

34%

16.4%

White45%

Black34%

Hispanic16.4%

Asian2%

Other2.7%

Education (25+)

26.4%

43.3%

23.4%

No HS diploma6.9%

HS diploma26.4%

Some college43.3%

Bachelor's+23.4%

Housing tenure

66.5%

33.5%

Owner66.5%

Renter33.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Hope Mills, NC has changed in 5 years

Rent

$1,624 → $1,716

up 5.7%

Income

$49,802 → $65,774

up 32.1%

Population

17,421 → 17,939

up 3.0%

Renter share

35.9% → 33.5%

-2.4 pts

Bachelor's+

22.5% → 23.4%

+0.9 pts

Median age

31.7 → 34

+2.3 yrs

Compared with 2023, rent in Hope Mills, NC has increased by $92 per month, settling near $1,716 after starting the period at $1,624. Household income in the area moved from $49,802 to $65,774 across the same window, up 32.1% versus 2021. Income growth outran rent by about 26.4 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 17,421 to 17,939 between 2021 and 2024, a 3.0% change. About 33.5% of households rent today, against 35.9% in 2021. Reading these numbers side by side helps frame whether current listings in Hope Mills, NC look reasonable against where the market sat half a decade ago.

Community

Discussions about Hope Mills

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View Hope Mills rent history (2015–2026) →

Salary vs rent

Can you afford rent in Hope Mills on your salary?

At $1,716/mo, how Hope Mills rent compares to typical pay (30% rule).

Registered Nurse

Avg $88,811/yr · Rent = 23.2% income

affordable

Elementary School Teacher

Avg $63,055/yr · Rent = 32.7% income

stretched

Police Officer

Avg $72,634/yr · Rent = 28.4% income

affordable

Software Developer

Avg $129,823/yr · Rent = 15.9% income

very comfortable

Lawyer

Avg $165,882/yr · Rent = 12.4% income

very comfortable

Firefighter

Avg $59,041/yr · Rent = 34.9% income

stretched

Truck Driver

Avg $53,307/yr · Rent = 38.6% income

stretched

Electrician

Avg $65,706/yr · Rent = 31.3% income

stretched

By apartment size

Hope Mills rent by bedroom count

Median rent for each apartment size in Hope Mills. Click any size for full breakdown.

Local insights

Tips for renters in Hope Mills

About renting in Hope Mills, NC

Last updated: July 20, 2026

The median rent in Hope Mills is $1,716/mo as of July 2026. A studio apartment averages $1,070/mo while a 2-bedroom runs $1,230/mo. One-bedroom apartments average $1,080/mo and 3-bedroom units go for $1,660/mo.

At 31% of local median household income ($65,774/yr), Hope Mills ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.0% over the past year.

FAQ

Frequently asked questions

Is Hope Mills an affordable city for renters?

Hope Mills is considered moderate for renters. At $1,716/mo, rent takes approximately 31% of the local median household income ($65,774/yr). The standard benchmark is 30%. Hope Mills slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Hope Mills?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,716/mo in Hope Mills. The local median household income is $65,774/yr, meaning the typical Hope Mills household falls short of that threshold.

Is rent going up or down in Hope Mills?

Rent in Hope Mills has increased 9.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Hope Mills rent compare to other cities in North Carolina?

Hope Mills is middle-of-the-pack for North Carolina for rent, ranking #66 out of 126 tracked cities at $1,716/mo.

Which nearby cities are cheaper to rent in than Hope Mills?

Several nearby cities have lower median rents than Hope Mills ($1,716/mo): Lumberton ($1,181/mo), Fayetteville ($1,401/mo), Spring Lake ($1,420/mo).

What percentage of Hope Mills residents rent vs. own?

According to Census data, approximately 33.5% of Hope Mills households are renters, while 66.5% are owner-occupied. Hope Mills leans toward homeownership, which can mean a smaller rental inventory.

How does Hope Mills rent compare to the national average?

Hope Mills's median rent of $1,716/mo is $249 (13%) below the US national median of $1,965/mo. Within North Carolina, it ranks #66 out of 126 tracked cities.

Income Affordability

31%

MODERATE

At $1,716/mo, rent takes ~31% of Hope Mills's median household income ($65,774/yr). The standard benchmark is 30%.

Hope Mills 31%Benchmark 30%

State income tax4.5%

Run the Hope Mills affordability calculator →

Nearby cities