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Hope Valley (Tract 002007)

Durham, North Carolina

FIPS 37063002007

Juniper

Hope Valley (Tract 002007) is in the 78th percentile nationally for home price growth over five years. It also sits in the highest 33% nationally for median income. And it sits in the highest 39% nationally for typical home value.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$431,413

Higher than 61% of U.S. tracts
Home Price Growth, Past Five Years

63%

Higher than 78% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

48.8

Near the U.S. tracts median

The basics

Total Population

5,275

Median Age

43.8

Population Density

2,287.96

Home values & property tax

Median Property Tax

$3,527

Property Tax Rateyearly tax as a share of home value

0.93%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

4.06×

Higher than 57% of U.S. tracts
Median Income

$93,601

Higher than 67% of U.S. tracts
Median Rent

$1,540

Higher than 61% of U.S. tracts

Home prices & appreciation

Home Price Growth, Past Year

3.5%

Near the U.S. tracts median
Pandemic Price Run-Up2019–20 low → 2022–23 peak

63%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

1%

Climate & weather

Summer Avg High (°F)

85

Winter Avg Low (°F)

30.2

Avg Temperature (°F)

58.3

Hot Days/yr (>90°F)

40.2

Freezing Days/yr (<32°F)

84.3

Annual Precipitation (in)

50

Annual Snowfall (in)

2.8

Flood & disaster risk

FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

48.8

Near the U.S. tracts median

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

Hope Valley (Tract 002007): frequently asked questions

What is the typical home value in Hope Valley (Tract 002007)?
The estimated median home value in Hope Valley (Tract 002007) today is $431,413, higher than 61% of U.S. tracts.
How much is property tax in Hope Valley (Tract 002007)?
The median annual property tax in Hope Valley (Tract 002007) is $3,527, an effective rate of 0.93% of home value.
Is Hope Valley (Tract 002007) expensive to live in?
Homes in Hope Valley (Tract 002007) cost about 4.06× the median household income, higher than 57% of U.S. tracts.
What is the average rent in Hope Valley (Tract 002007)?
The median gross rent in Hope Valley (Tract 002007) is $1,540 a month, higher than 61% of U.S. tracts.
How much have home prices grown in Hope Valley (Tract 002007)?
Home prices in Hope Valley (Tract 002007) have moved 63% over the past five years (3.5% in the past year), per the FHFA House Price Index.
How many people live in Hope Valley (Tract 002007)?
Hope Valley (Tract 002007) has a population of 5,275, about 2,287.96 people per square mile, per the U.S. Census American Community Survey. The median age is 43.8.
What is the weather like in Hope Valley (Tract 002007)?
Hope Valley (Tract 002007) averages 58.3°F year-round, summer highs near 85°F, winter lows around 30.2°F (NOAA 1991–2020 normals). It sees about 2.8 inches of snow a year.
Is Hope Valley (Tract 002007) at risk of flooding or natural disasters?
Hope Valley (Tract 002007)'s FEMA National Risk Index score is 48.8 (near the U.S. tracts median). Its greatest modeled natural hazard is inland flooding.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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