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Hope

Hope

Neighborhood in Providence, Rhode Island

Providence County 02904, 02906

$656,957 Average Value
$371 Average Price per Sq Ft
2 Homes For Sale

Located in the popular east side of Providence, Hope is a walkable neighborhood integrated with the city’s downtown. Neighbors walk to festivals and farmers markets on the weekends, hop onto a bike trail that runs parallel to the Seekonk River and grab coffee at funky locally owned eateries in this vibrant residential area. Streets have well-preserved Victorian homes with front lawn bushes and flower gardens, and sidewalks give the neighborhood a homey, inviting feel. “It’s mostly beautiful Victorian multifamily properties with 9-10 ft. ceilings, big windows and natural light,” says Rhode Island Realtor Albert Hajdaraj.

Some neighbors in Hope are homeowners, says Hajdaraj, but the area is especially popular with investors, who scoop up properties as soon as they hit the market. “You’re looking at $350,000 to $400,000 per unit,” he says. Houses sit right next to each other, behind wooden fences and underneath tall trees, and most have driveways for parking. Condominium units can cost $500,000, 1920s colonials can go for $650,000, cottages can cost $225,000 and bungalows can go for $515,000. One of Hope’s selling points is its walkability, says Hajdaraj. “You can walk to restaurants and coffee shops,” he says. People start their days with coffee and a muffin at Seven Stars Bakery, a neighborhood favorite with locations in Providence, Rumford and Cranston. At lunchtime, people crowd around the Sandwich Hut, a sub shop in a nondescript hut serving Italian grinders and muffuletta sandwiches on focaccia. Live bands perform at the Parlour, a local music venue featuring a variety of genres, like reggae, rock, jazz and metal.

East of Hope is Blackstone Boulevard, a major east-side thoroughfare known for its ample green space. Along the street is a paved pathway used by neighbors for biking, dog walking or an afternoon stroll. The path connects to the Blackstone Park Conservation District, a 45-acre forested area that separates city streets from the Seekonk River. People go to the conservation area to fish, run, bike and enjoy the woods. Hope itself has community gathering spaces like Kerry Kohring Park, which has a playground and swings for small children. Lippitt Memorial Park has walking paths, a playground and a fountain. On Saturdays from May to October, Lippitt Park is home to the Hope Street Farmers Market and the Providence Artisans Market. Neighbors can browse through paintings and locally made jewelry while sipping a kombucha or frozen lemonade.

In the fall, Rhode Islanders head to the riverfront for PVD Fest, a festival over a weekend in September. Held on the Providence River at 195 District Park, PVD Fest is a free arts, music and dance festival featuring a beer garden and some of Rhode Island’s most popular restaurants as vendors. Hope is a walkable area, but public transportation is also available to take people across the city. The Rhode Island Public Transit Authority operates bus routes throughout Providence, and residents of Hope can easily take the bus downtown in about 30 minutes. Grocery stores like Stop & Shop are about 1 mile away or a 5-minute drive. Neighbors can pick up prescriptions at the local Walgreens. Providence Place, the premier shopping mall in the city, is 2 miles south. Department stores like Macy’s and novelty stores like Newbury Comics have a presence at the shopping center.

Children in Hope can enroll in the Providence Public Schools, a district with about 22,000 students. Providence offers school choice, meaning families can ask to have their child sent to a school other than the one in their neighborhood, though placement at the choice school is not guaranteed. Public schools near Hope include Dr. Martin Luther King Jr. Elementary School (rated C-minus by Niche), Nathan Bishop Middle School (rated C) and Hope High School, the alma mater of writer H.P. Lovecraft. Hope High School, which has a C-minus Niche rating, offers a variety of clubs and organizations for its students, including culinary academy and improvisational comedy.

Hope touches Interstate 95 and U.S. Route 1, making it a convenient spot for commuters. The beaches of Newport are 36 miles south and Boston is 48 miles north. Commuter rail trains to Boston are available from the Providence train station 2 miles south of Hope. With its charming streetscapes, walkability and lively local businesses, Hope has many amenities.

Laura Finaldi
Written By
Laura Finaldi
Anselm Molina
Photography Contributed By
Anselm Molina
Alex Finneran
Video By
Alex Finneran

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Kimberly Rodrigues, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Rhode Island Tf Green International

22 min drive

Bus

Hope & Chace (Nw Corner)

Bus

Hope After Overhill

Bus

Ninth Street

Bus

Third Street

Bus

Peter Pan Bus Terminal, Providence, Ri

Bus

Hope Before 9th

Crime and Safety

1 - Low Crime, 10 - High Crime Hope US
Homicide 4 4
Sexual Assault 3 4
Assault with Weapon 3 4
Robbery 4 4
Burglary 4 4
Motor Vehicle Theft 4 4
Larceny 4 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$660,000
Median Single Family Price
$750,000
Median 2 Bedroom Price
$352,500
Average Price Per Sq Ft
$371
Number of Homes for Sale
2
Last 12 months Home Sales
23
Months of Supply
1.00
Median List Price
$675,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
28%

Home Facts

Number of Homes in Neighborhood
768
Median Year Built
1930
Avg. Single Family Home Size Sq Ft
1,645
Below the national average
1,935
Average Townhouse Size Sq Ft
2,541
Average 2 Bedroom Size Sq Ft
1,078
Average 1 Bedroom Size Sq Ft
882
Median Lot Size Sq Ft
4,791

Open Houses

  • Saturday, Apr 26
    11am - 12:30pm

    15 8th St, Providence, RI 02906

    $650,000

    • 4 Beds
    • 1.5 Baths
    • 1,608 Sq Ft
    • 15 8th St
    • New 24 days ago

    Welcome to this lovely Colonial-style home, built in 1928, located in the heart of Providences East Side. This charming residence features 4 bedrooms and 2 bathrooms, offering a perfect blend of historic character and modern comfort. The main level boasts a spacious living room, a bright dining area, and a kitchen with a charming eat-in area, thoughtfully designed to provide a welcoming space for

    Slocum Home Team SLOCUM

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  • Sunday, Apr 27
    11am - 12:30pm

    23 Sarah St, Providence, RI 02906

    $774,900

    • 4 Beds
    • 2.5 Baths
    • 2,250 Sq Ft
    • 23 Sarah St

    Sitting on a corner lot just a block from Hope Street, this 4 Bed, 2 Full Bath, fully insulated Colonial, is highlighted by an open floor plan, 1st Floor In-law/Primary Suite, & beautiful stainless/granite kitchen. Other features include New 200 Amp Electric Service, Central A/C, large bedrooms & closets, attached Garage, Hardwoods, insulated windows, finished basement, and a private patio.

    Samuel Glicksman Spitz-Weiss, REALTORS

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Distribution of Home Values

Source: Public Records

Homes for Rent

Interested in learning more about homes in this area? Reach out to Kimberly Rodrigues, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
3,208
Median Age
42
Population Density
16 ppl/acre
Population under 18
18%
Below the national average
23.8%
Population over 65
20.3%
On par with the national average
19.1%

Finances

Median Household Income
$97,929
Significantly above the national average
$71,702
Average Household Income
$112,542

Education and Workforce

High School Graduates
92.8%
College Graduates
64.9%
Significantly above the national average
34.1%
Advanced Degrees
34.3%
Above the national average
13.3%
% Population in Labor Force
68%

Weather

Annual Precipitation
47''
Average Winter Low Temperature
22°F
Average Summer High Temperature
83°F
Annual Snowfall
44''

Area Factors

Bikeable

Bike Score®

55 / 100

Very Walkable

Walk Score®

88 / 100

Some Transit

Transit Score®

44 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Hope