Commercial Real Estate Market in Hope, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 5 off-market properties in Hope, ME.
Market Trends
Hope, ME spans 22.0 square miles in Knox County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hope, ME asks $174/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Hope, ME asks $160/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Hope, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Hope, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 92.6%
- Commercial 7.4%
- Industrial 0.1%
Largest Zones share of zoned land by district
Rural Residential District
Limited Residential
Resource Protection
South Hope Village
Hope Corner Village
Hope, ME zones 14,022 acres across 6 districts. Commercial zoning covers 7.4% of zoned land, residential 92.6% and industrial 0.1%. The largest single district is Rural Residential District at 92.6%. For commercial buyers the practical constraint is that only 7.4% of land carries a commercial or industrial designation.
Rural Residential District (RRD)
The purpose of the Rural Residential District is to preserve the existing landscape and natural resources while allowing residential and mixed development that is complementary to the existing pattern of development. Resource based opportunities including farming, forest management, and recreation are encouraged.
Market overview
Demographics & Economy
Hope, ME has 1,698 residents in 842 households. Density runs 77 people per square mile. Median household income here is $83,462 and median gross rent $1,122 a month.
1,698
Population
842
Households
2
Avg Household Size
47
Median Age
43%
College-Educated
97%
High-School Grad
22 sq mi
ZIP Area
77
Density / Sq Mi
$83,462
Median Household Income
$43,250
Median Earnings
$1,122
Median Rent
$301,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Camden | — | — |
| Appleton | — | — |
| Rockport | — | — |
| Union | — | — |
Commercial property in Hope, ME asks $367/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hope?
Commercial property in Hope, ME asks an average of $367 per square foot. Office carries the highest asking price at $174/SF.
What zoning applies to commercial property in Hope?
Hope, ME zones 14,022 acres across 6 districts, of which 7.4% is commercial and 0.1% industrial. The largest single district is Rural Residential District at 92.6% of zoned land. The purpose of the Rural Residential District is to preserve the existing landscape and natural resources while allowing residential and mixed development that is complementary to the existing pattern of development. Resource based opportunities including farming, forest management, and recreation are encouraged. Residential zoning covers 92.6% and open space 0%.
Where does Realmo's Hope market data come from?
Realmo compiles Hope, ME figures from 7 active sale listings, 5 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 7 active for-sale and 0 active for-lease listings in Hope, ME. 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: 14,022 zoned acres across 6 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 Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- 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
