ZIP Code 71855

Hope, AR — income, home value, property tax, and sales tax.

Median household income
N/A
Per-capita income
$17,935
Median home value
$105,700
Property tax rate
0.57%
Combined sales tax
8.50%

ZIP code 71855, centered on Hope, sits in working-class territory: per-capita income of $17,935 falls well below state and national averages, and a median home value of $74,700 reflects a housing stock priced for households earning around that level. Property taxes run at an effective 0.57% county rate, which keeps annual bills low on such valuations, though owners still owe that amount each year. Sales tax, by contrast, reaches 8.50% on purchases, a rate that takes a noticeable bite out of everyday spending for families with limited income. Together these figures describe a community where wages are constrained and consumption taxes carry real weight.