Renting in Hope: a two-bedroom costs about $1,120
Hope is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Zillow and Redfin publish no market figures here. How TownRatings grades cost of living
Why Hope isn’t graded
The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing.
A two-bedroom rents for about $1,120
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Chaves County, NM): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Low tax bills, but a high tax rate
The median bill is $822, under the New Mexico median of $1,731, because homes cost less. As a share of value it’s 0.72% a year, against 0.70% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Hope and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Hope | – | — | $114K | 0.72% | $1,120 |
“—” under Cost: not graded (too little Census data, or under 1,000 residents). “—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Hope
How much is rent in Hope?
HUD puts a two-bedroom at about $1,120 a month with utilities, the going rate for someone moving in.
What are property taxes in Hope?
The median bill is $822 a year, 0.72% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Why doesn’t Hope have a cost of living grade?
Hope is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Neighbors talk housing
What Hope buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.