At a Glance
Median Income
$65,625
$42,345 per capita
Home Value
$405,600
Zillow: $440,561
Median Rent
$1,841/mo
45.0% of income on rent
Bachelor's Degree+
31.7%
98.6% high school+
Unemployment
2.3%
6.2% poverty rate
Obesity Rate
34.3%
11.3% smoking rate
How New Hope Compares to the U.S. Average
Each bar shows New Hope's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is New Hope a Good Place to Live?
B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
New Hope residents earn a median household income of $65,625 , which is 13% below the national average of $75,149.
Per capita income is $42,345. The unemployment rate stands at 2.3% (36% below the U.S. rate of 3.6%). 6.2% of residents live below the poverty line. The area is home to 34,830 business establishments, including 2,668 restaurants.
Housing & Cost of Living
The median home value in New Hope is $405,600 , 44% above the national median of $281,900.
Zillow estimates the typical home at $440,561. Median rent is $1,841/month, with 45.0% of renters spending more than 30% of income on housing. The cost of living index is 97.1 (100 = national average). The median home was built in 1985.
Education
31.7% of adults in New Hope hold a bachelor's degree or higher
(6% below the national average).
98.6% have completed high school. Local schools score 6.9/10 in standardized testing.
Climate & Weather
New Hope has an average annual temperature of 65°F (18°C).
Winters average 45°F in January while summers reach 84°F in July. Annual precipitation totals 38.3 inches. Air quality is rated Good with a median AQI of 40.
Data Overview
People
Population705
Median Age53.4 yrs
Density493/mi²
Male / Female48% / 52%
Foreign Born5.0%
Veterans8.6%
Economy
A
Median Income$65,625
Per Capita$42,345
Unemployment2.3%
Poverty6.2%
County GDP$115,358M
Avg Weekly Wage$1,694
Housing
B
Home Value$405,600
Rent$1,841
Ownership75.2%
Zillow$440,561
Housing Units375
Rent Burden45.0%
Health
Obesity34.3%
Diabetes8.2%
Smoking11.3%
Heart Disease4.6%
Premature Death4,576/100K
Climate
Avg Temp65°F
Rain38.3 in/yr
AQI40 (Good)
Elevation604 ft
Education
B+
Bachelor's+31.7%
High School+98.6%
Graduate+5.5%
School Score6.9/10
Community
2024 VoteR 54% / D 43%
Commute29 min
Broadband73.2%
Internet Speed136 Mbps
EV Stations3
Libraries16
Did You Know?
The median home in New Hope was built in 1985.
The nearest airport is Dallas Love Field (30 miles).
The Gini coefficient (income inequality) is 0.433 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
9.8% of the population has a disability.
Average internet download speed is 136 Mbps.
There are 2,668 restaurants in the area.
The county recorded 72 fatal vehicle crashes.
91 declared natural disasters on record.