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New Hope, TN
Full City Profile · Tennessee · Dade County County
3.2
/5.0
B
Good
928
Population
90/sq mi density
$62,396
Median Income
$25,386 per capita
$148,800
Home Value
$224,050 Zillow
59°F
Avg Temperature
302 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$62,396 median income, 6.5% unemployment
A+
Affordability
5.0 / 5.0
$148,800 home value, /mo rent
F
Education
1.5 / 5.0
6.1% bachelor's degree or higher
Housing Overview
Median Home Value
$148,800
47% below
US avg: $281,900
Homeownership Rate
88.5%
35% above US avg (65.4%)
Total Housing Units
398
Median year built: 1984
Home Value by Source
Census Median
$148,800
Zillow (ZHVI)
$224,050
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
88.5%
Owner-Occupied
11.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Affordability & Housing Stock
Rent Burden
44.0%
of renters spending 30%+ of income on housing
42% above US avg (31.0%)
Median Year Built
1984
Average age of housing stock: 42 years
Homeownership Rate
88.5%
Complete Housing Data
Home Values
| Census Median Value | $148,800 |
| Zillow Home Value (ZHVI) | $224,050 |
Rent
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
Ownership & Stock
| Owner-Occupied | 88.5% |
| Renter-Occupied | 11.5% |
| Homeownership Rate | 88.5% |
| Total Housing Units | 398 |
| Median Year Built | 1984 |
| Rent Burden | 44.0% |