New Hope, VA

Full City Profile · Virginia · Waynesboro city County

4.1 /5.0
A Great
917 Population 158/sq mi density
$87,083 Median Income $35,865 per capita
$314,400 Home Value $327,656 Zillow
54°F Avg Temperature
A
Overall
4.1 / 5.0
Strong
A+
Economy
4.7 / 5.0
$87,083 median income, 0.0% unemployment
A+
Affordability
4.7 / 5.0
$314,400 home value, /mo rent
C+
Education
2.9 / 5.0
24.1% bachelor's degree or higher

New Hope, VA

At a Glance

Median Income
$87,083
16% above
$35,865 per capita
Home Value
$314,400
12% above
Zillow: $327,656
Bachelor's Degree+
24.1%
28% below
90.5% high school+
Unemployment
0.0%
100% below
0.0% poverty rate
Obesity Rate
41.9%
31% above
17.2% smoking rate
Avg Temperature
54°F

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
116%
Home Value
112%
Poverty
0%
Bachelor's
72%
Unemployment
0%
Thin vertical line = U.S. national average (100%)

Is New Hope a Good Place to Live?

A
4.1 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

New Hope residents earn a median household income of $87,083 , which is 16% above the national average of $75,149. Per capita income is $35,865. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 776 business establishments, including 77 restaurants.

Housing & Cost of Living

The median home value in New Hope is $314,400 , 12% above the national median of $281,900. Zillow estimates the typical home at $327,656. The cost of living index is 101.1 (100 = national average). The median home was built in 1971.

Education

24.1% of adults in New Hope hold a bachelor's degree or higher (28% below the national average). 90.5% have completed high school. Local schools score 5.6/10 in standardized testing.

Climate & Weather

New Hope has an average annual temperature of 54°F (12°C). Winters average 34°F in January while summers reach 75°F in July. Annual precipitation totals 45.3 inches.

Data Overview

People

Population917
Median Age51.9 yrs
Density158/mi²
Male / Female50% / 50%
Foreign Born2.8%
Veterans5.8%

Economy

A+
Median Income$87,083
Per Capita$35,865
Unemployment0.0%
Poverty0.0%
Avg Weekly Wage$943

Housing

A+
Home Value$314,400
Rent
Ownership92.9%
Zillow$327,656
Housing Units393
Rent Burden32.0%

Health

Obesity41.9%
Diabetes10.9%
Smoking17.2%
Heart Disease5.9%
Premature Death11,090/100K

Climate

Avg Temp54°F
Rain45.3 in/yr
Elevation1,314 ft

Education

C+
Bachelor's+24.1%
High School+90.5%
Graduate+6.0%
School Score5.6/10

Community

2024 VoteR 52% / D 46%
Commute19 min
Broadband80.8%
Internet Speed156 Mbps
EV Stations1
Libraries1

Did You Know?

The median home in New Hope was built in 1971.
The nearest airport is Shenandoah Valley Regional (5 miles).
The Gini coefficient (income inequality) is 0.446 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
17.3% of the population has a disability.
Average internet download speed is 156 Mbps.
The county recorded 2 fatal vehicle crashes.