Commercial Real Estate Market in Hope, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 64 off-market properties in Hope, MI.
Market Trends
Hope, MI spans 34.1 square miles in Midland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hope, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Hope, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hope, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Hope, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Hope, MI has 1,864 residents in 1,061 households. Density runs 55 people per square mile. Median household income here is $89,183 and median gross rent $1,125 a month.
1,864
Population
1,061
Households
1.8
Avg Household Size
51
Median Age
26%
College-Educated
94%
High-School Grad
34.1 sq mi
ZIP Area
55
Density / Sq Mi
$89,183
Median Household Income
$43,292
Median Earnings
$1,125
Median Rent
$188,200
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Hope market data come from?
Realmo compiles Hope, MI figures from 3 recent recorded sales, 5 active sale listings, 64 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Hope, MI. 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.
- 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 Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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
