Hope Mills, NC Profile: Facts & Data

The Town of Hope Mills had a population of 18,264 as of July 1, 2024. Hope Mills ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Hope Mills is located at latitude 34.9704 and longitude -78.9453 in Cumberland County. The formal boundaries for the Town of Hope Mills encompass a land area of 7.73 sq. miles and a water area of 0.09 sq. miles. Cumberland County is in the Eastern time zone (GMT -5).

The Town of Hope Mills has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Hope Mills, NC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	18,264 (100%)
Population in Households	18,024 (98.7%)
Population in Families	15,149 (82.9%)
Population in Group Quarters¹	240 ( 1.3%)
Population Density	2,067
Diversity Index²	74


INCOME
Median Household Income	$63,312
Average Household Income	$82,824
% of Income for Mortgage⁴	20%
Per Capita Income	$30,984
Wealth Index⁵	56
Socioeconomic Status Index⁶	Moderate (48.2)

HOUSING
Total HU (Housing Units)	7,244 (100%)
Owner Occupied HU	4,309 (59.5%)
Renter Occupied HU	2,518 (34.8%)
Vacant Housing Units	417 ( 5.8%)
Median Home Value	$206,432
Average Home Value	$220,887
Housing Affordability Index³	118

HOUSEHOLDS
Total Households	6,827
Average Household Size	2.64
Family Households	4,805
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Hope Mills, NC - Peer Comparisons by Rank and Percentile

The table below compares Hope Mills to the other 777 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.37%	0.06%
Households	0.39%	0.24%
Families		0.14%
Median Household Income		3.79%
Per Capita Income		3.63%
Owner Occupied HU		1.05%

Variable Description	Rank	Percentile
Total Population	# 60	92nd
Population Density	# 37	95th
Median Household Income	# 313	60th
Housing Affordability Index	# 531	68th
Per Capita Income	# 425	45th
Diversity Index	# 79	90th

Hope Mills, NC Profile: Facts & Data

Hope Mills, North Carolina - Basic Facts

Hope Mills, NC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hope Mills, NC - Peer Comparisons by Rank and Percentile

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