Commercial Real Estate Market in Hope, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 884 off-market properties in Hope, AR. Commercial property asks $104/SF to buy and $6.00/SF/Yr to lease.
Market Trends
Hope, AR spans 297.7 square miles in Hempstead County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hope, AR runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Hope, AR runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hope, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Hope, AR runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 71.7%
- Commercial 15.7%
- Industrial 12.7%
Largest Zones share of zoned land by district
Residential Use District
Residential Use District Zone
Commercial District Zone
Heavy Industrial District
Residential Use District Zone
Hope, AR zones 6,929 acres across 11 districts. Commercial zoning covers 15.7% of zoned land, residential 71.7% and industrial 12.7%. The largest single district is Residential Use District at 36.9%. For commercial buyers the practical constraint is that only 28.4% of land carries a commercial or industrial designation.
Residential Use District (R-1)
The R-1 district is intended to include the quiet residential neighborhoods characterized by single family homes on large lots, plus certain areas where similar residential development is likely to occur
Market overview
Demographics & Economy
Hope, AR has 14,991 residents in 6,900 households. Density runs 50 people per square mile. Median household income here is $47,723 and median gross rent $775 a month.
14,991
Population
6,900
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
82%
High-School Grad
297.7 sq mi
ZIP Area
50
Density / Sq Mi
$47,723
Median Household Income
$37,035
Median Earnings
$775
Median Rent
$98,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Perrytown | — | — |
| Emmet | — | — |
| Washington | — | — |
| Laneburg | — | — |
Commercial property in Hope, AR asks $104/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hope?
Commercial property in Hope, AR asks an average of $104 per square foot. The 3 most recent recorded sales traded at a median of $27/SF, so asking sits 278% above the achieved median.
How much does it cost to lease commercial space in Hope?
Asking lease rates in Hope, AR average $6.00 per square foot per year.
What zoning applies to commercial property in Hope?
Hope, AR zones 6,929 acres across 11 districts, of which 15.7% is commercial and 12.7% industrial. The largest single district is Residential Use District at 36.9% of zoned land. The R-1 district is intended to include the quiet residential neighborhoods characterized by single family homes on large lots, plus certain areas where similar residential development is likely to occur Residential zoning covers 71.7% and open space 0%.
Where does Realmo's Hope market data come from?
Realmo compiles Hope, AR figures from 6 recent recorded sales, 65 active sale listings, 5 active lease listings, 884 tracked off-market properties, the current Hope zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 65 active for-sale and 5 active for-lease listings in Hope, AR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,929 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
