New Hope, TX

Texas · Metropolitan Area

New Hope is a small town in Texas with a population of 705. Residents earn $65,625 per year, which is 13% below the national average.

3.7 /5.0
B+ Good
705 Population 493/sq mi density
$65,625 Median Income $42,345 per capita
$405,600 Home Value $426,478 Zillow
$1,841 Median Rent 45.0% income on rent
65°F Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$65,625 median income, 1.3% unemployment
B
Affordability
3.2 / 5.0
$405,600 home value, $1,841/mo rent
B+
Education
3.5 / 5.0
31.7% bachelor's degree or higher
Median Income $65,625
13% lower than US avg
Home Value $405,600
44% higher than US avg
Bachelor's+ 31.7%
6% lower than US avg
Median Rent $1,841
58% higher than US avg
Obesity Rate 34.3%
7% higher than US avg
Unemployment 1.3%
64% lower than US avg
Poverty Rate 6.2%
50% lower than US avg

How New Hope Compares to the U.S. Average (100% = U.S. avg)

People

Population705
Median Age53.4 yrs
Density493/mi²
Male / Female48% / 52%
Largest GroupWhite 79%
Veterans8.6%

Economy

A
Median Income$65,625
Per Capita$42,345
Unemployment1.3%
Poverty6.2%
County GDP$115,358M
Commute29 min

Housing

B
Home Value$405,600
Rent$1,841
OwnershipN/A
Zillow$426,478
Rent Burden45.0%

Crime

ViolentN/A
PropertyN/A

Health

Obesity34.3%
UninsuredN/A
Depression23.9%
Heart Disease4.6%

Climate

Avg Temp65°F
AQI42 (Good)
Elevation604 ft

Education

B+
Bachelor's+31.7%
High School+98.6%
School Score5.10

Community

2024 VoteR 54% / D 43%
Commute29 min
Broadband73.2%
Libraries16

Is New Hope a Good Place to Live?

Based on current data, New Hope receives an overall livability score of 3.7 out of 5.0, earning a grade of B+. Key strengths include low unemployment, a low poverty rate. Areas to be aware of include high housing costs. New Hope offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in New Hope is $65,625, 13% below the national average of $75,149. The job market is very strong with unemployment at just 1.3%. Only 6.2% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 29 minutes.

Cost of Living & Housing

The median home value in New Hope is $405,600, 44% above the national median. Renters pay a median of $1,841 per month, significantly above the national average of $1,163. The price-to-income ratio of 6.2x means housing costs are stretched relative to local earnings.

Education

31.7% of residents hold a bachelor's degree, below the national average of 33.7%. 98.6% have completed high school. Area schools have an average test score of 5.1/10.

Climate & Weather

New Hope enjoys a moderate climate with an average annual temperature of 65°F. Winters average 45°F in January while summers reach 83°F in July. Air quality is rated Good with a median AQI of 42.

New Hope has a population of 705 with a density of 493 people per square mile. The median age is 53.4 years, 37% older than the national median of 38.9. The city is predominantly White (78.6%), with 1.8% Hispanic.

Population

705
Total Population
493
People / sq mi
53.4yrs
Median Age
37% above US avg
1.4mi²
Land Area

Gender Distribution

Male 48.1%
Female 51.9%

Race & Ethnicity

New Hope vs U.S. Average

Language Spoken at Home

English Only82.9%
6% above US avg
Spanish17.1%
28% above US avg

Social Characteristics

New Hope vs U.S. Average

The median household income in New Hope is $65,625, which is 13% below the national average of $75,149. The unemployment rate is 1.3% (below the 3.6% US average). 6.2% of residents live below the poverty line. Workers commute an average of 29 minutes.

Income: New Hope vs U.S.

Commute Mode

Income

Median HH Income$65,625
13% below US avg
Per Capita Income$42,345
Avg Weekly Wage$1,694
IRS Avg AGI$129,628

Employment & Poverty

Unemployment1.3%
64% below US avg
Poverty Rate6.2%
50% below US avg
Establishments (County)34,830
County GDP$115,358M

Business (County)

Restaurants2,668
Healthcare4,398
Retail2,985
Manufacturing491

Tax & Cost of Living

Property Tax (IRS)$10,750
207% above US avg
Effective Tax Rate2.65%

Commute & Transportation

Commute Time28.9 min
Drive Alone85.3%
Public Transit0.0%
Work from Home8.8%

Walkability

The median home value in New Hope is $405,600, 44% above the national average. Monthly rent averages $1,841 (58% above US avg). Zillow estimates the typical home value at $426,478.

Home Value Sources

Ownership Split

Home Values

Census Median$405,600
44% above US avg
Zillow ZHVI$426,478

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$1,841
58% above US avg
Rent Burden45.0%

HUD Fair Market Rent

Studio$887
1 Bedroom$935
2 Bedrooms$1,149
3 Bedrooms$1,497
4 Bedrooms$1,733

Ownership & Property

Owner-Occupied75.2%

Property Tax

Avg Tax (IRS)$10,750
207% above US avg
Effective Rate2.65%
In New Hope, 34.3% of adults are obese (above the 32.1% national rate). 23.9% report depression. 19.7% are physically inactive.

Health Metrics: New Hope vs U.S. Average (%)

Chronic Conditions

Obesity34.3%
7% above US avg
Diabetes8.2%
Heart Disease4.6%
High Blood Pressure29.3%
Asthma9.9%
COPD5.0%
Stroke2.5%

Behaviors & Mental Health

Binge Drinking20.7%
Physical Inactivity19.7%
Depression23.9%
Mental Distress17.2%
Physical Distress11.5%

Healthcare Access

Insurance Rate86.7%
Checkup Rate72.5%
Premature Death4,576/100K

Food & Exercise

Food Environment8.6/10
Exercise Access93.0%
Healthcare Facilities4,398

Crime Rates: New Hope vs U.S. Average (per 100,000)

Violent Crime

Property Crime

Traffic Safety

Fatal Crashes (County/yr)72
FEMA Disasters91

Safety Score

New Hope has an average annual temperature of 65°F (18°C). Winters average 45°F in January while summers reach 83°F in July. Air quality is rated Good with a median AQI of 42.

Temperature

45°F Jan (7°C) 83°F Jul (29°C)
Annual Average64.9°F
20% above US avg
January Average45°F (7°C)
July Average83°F (29°C)

Precipitation & Snow

Air Quality

AQI Median42.0
RatingGood

Geography

Elevation604 ft (184 m)
Area1.4 sq mi (3.7 km²)
Population Density493/sq mi
Coordinates33.2119°N, 96.5587°W
County FIPS48085
It is classified as Metro — 1 million+. 31.7% of residents hold a bachelor's degree or higher (6% below US avg). In the 2024 election, the county voted Republican by a 11.1-point margin. 73.2% of households have broadband internet.

2024 Presidential Election (County)

R 54.3%
D 43.1%

Winner: Republican by 11.1 points

Education

Bachelor's Degree+31.7%
6% below US avg
High School+98.6%
School Test Score5.10
B+ Education Grade (3.5/5.0)

Urban-Rural Classification

RUCC Code 1Metro — 1 million+
Population Density493/sq mi
Total Area1.4 sq mi

Infrastructure & Services

Broadband Access73.2%
Public Libraries16
Healthcare Facilities4,398
Restaurants2,668
Retail Stores2,985

Safety & Disasters

Fatal Crashes (County/yr)72
FEMA Disaster Declarations91

Commute & Transportation

Avg Commute28.9 min
Drive Alone85.3%
Public Transit0.0%
Work from Home8.8%

Nearby Cities

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