Explore Good Hope, AL - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
B+
Cap Rate
13%
Investor Friendly Score
13%
Median Price
$215,250

Market Insights

Good Hope's real estate market is currently hot with low inventory and high demand. Home prices have increased 23.0% in the past month alone. At the current pace, all available homes in Good Hope would sell out in just 1.3 months, indicating a continued supply shortage. Properties are selling within just 37 days on average, much faster than the historical norm of 294 days. A significant 60.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Good Hope market with the affordability index at 507.7. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.

Demographics market for - Good Hope, AL

Total Population -

3,138

White Population

72%

Black Population

0%

Mexican100% (27% of total population)
Puerto Rican0%
Cuban0%
Dominican0%
Salvadoran0%
Costa Rican0%
Gautemalan0%
Honduran0%
Nicaraguan0%
Panamanian0%
Argentinean0%
Bolivian0%
Chilean0%
Colombian0%
Ecuadorian0%
Peruvian0%
Uruguyan0%
Venezuelan0%

Indian 0%
Bangladeshi 0%
Chinese 0%
Bhutanese 0%
Burmese 0%
Filipino 0%
Hmong 0%
Indonesian 0%
Japanese 4% (1% of total population)
Korean 0%
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0%
Pakistani 0%
Srilankan 0%
Taiwanese 0%
Pakistani 0%
Srilankan 0%
Taiwanese 0%
Thai 0%
Vietnamese 0%

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Good Hope, AL

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Real Estate Market Prediction for - Good Hope, AL

City Hotspots
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