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New Hope, TX

Full City Profile · Texas · Collin County County

3.0 /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 323 sunny days/yr
289 Violent Crime/100K 1,268 property/100K
B
Overall
3.0 / 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
F
Safety
1.0 / 5.0
289 violent crimes/100K
B+
Education
3.5 / 5.0
31.7% bachelor's degree or higher

New Hope, TX

At a Glance

Median Income
$65,625
13% below
$42,345 per capita
Home Value
$405,600
44% above
Zillow: $426,478
Median Rent
$1,841/mo
58% above
45.0% of income on rent
Violent Crime
289/100K
24% below
1,268/100K property
Bachelor's Degree+
31.7%
6% below
98.6% high school+
Unemployment
1.3%
64% below
6.2% poverty rate
Obesity Rate
34.3%
7% above
11.3% smoking rate
Avg Temperature
65°F
323 sunny days/yr

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)

Income
87%
Home Value
144%
Rent
158%
Poverty
50%
Bachelor's
94%
Unemployment
36%
Crime
76%
Thin vertical line = U.S. national average (100%)

Is New Hope a Good Place to Live?

B
3.0 / 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 1.3% (64% 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 $426,478. 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.

Safety & Crime

New Hope reports 289 violent crimes per 100,000 residents , which is 24% below the national average of 380/100K. Property crime is 1,268/100K.

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 83°F in July. The area gets 323 sunny days per year. Air quality is rated Good with a median AQI of 42.

Data Overview

People

Population705
Median Age53.4 yrs
Density493/mi²
Male / Female48% / 52%
Foreign Born13.6%
Veterans8.6%

Economy

A
Median Income$65,625
Per Capita$42,345
Unemployment1.3%
Poverty6.2%
County GDP$115,358M
Avg Weekly Wage$1,694

Housing

B
Home Value$405,600
Rent$1,841
Ownership75.2%
Zillow$426,478
Housing Units375
Rent Burden45.0%

Crime

F
Violent289/100K
Property1,268/100K

Health

Obesity34.3%
Diabetes8.2%
Smoking11.3%
Heart Disease4.6%
Premature Death4,576/100K

Climate

Avg Temp65°F
Sunny Days323/yr
AQI42 (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.
7.8% of the population has a disability.
13.6% of residents are foreign-born.
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.