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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
Housing Overview
Median Home Value
$405,600
44% above
US avg: $281,900
Median Rent
$1,841/mo
58% above
US avg: $1,163/mo
Homeownership Rate
75.2%
15% above US avg (65.4%)
Total Housing Units
375
Median year built: 1985
Home Value by Source
Census Median
$405,600
Zillow (ZHVI)
$426,478
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
75.2%
Owner-Occupied
24.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$887/mo
1 Bedroom
$935/mo
2 Bedroom
$1,149/mo
3 Bedroom
$1,497/mo
4 Bedroom
$1,733/mo
Census median rent:
$1,841/mo
Affordability & Housing Stock
Rent Burden
45.0%
of renters spending 30%+ of income on housing
45% above US avg (31.0%)
Median Year Built
1985
Average age of housing stock: 41 years
Homeownership Rate
75.2%
Complete Housing Data
Home Values
| Census Median Value | $405,600 |
| Zillow Home Value (ZHVI) | $426,478 |
Rent
| Census Median Rent | $1,841 |
| FMR Studio | $887 |
| FMR 1-Bedroom | $935 |
| FMR 2-Bedroom | $1,149 |
| FMR 3-Bedroom | $1,497 |
| FMR 4-Bedroom | $1,733 |
Market
Ownership & Stock
| Owner-Occupied | 75.2% |
| Renter-Occupied | 24.8% |
| Homeownership Rate | 75.2% |
| Total Housing Units | 375 |
| Median Year Built | 1985 |
| Rent Burden | 45.0% |