New Hope, AL
Population 2,895 · Alabama
About New Hope, AL
New Hope is a small community in Alabama with a population of 2,895 residents. The median household income is $80,787 per year, which is above the national average. The median age in New Hope is 34.2 years.
Housing in New Hope has a median home value of $158,200 and median monthly rent of $692. Of the 1,076 total housing units, the majority are owner-occupied, with 777 owner-occupied and 202 renter-occupied units.
The unemployment rate in New Hope is 7.9% and the poverty rate is 6.4%. 26.3% of residents hold a bachelor's degree or higher. The average commute time is 24.7 minutes.
Cost of Living in New Hope, AL
Compared to national averages, New Hope has a median household income of $80,787 (8% above the national median of $75,149). Home values average $158,200, which is 35% below the national median. Monthly rent at $692 is 40% below the US average of $1,163. Within Alabama, New Hope's income is 39% above the state average of $57,952, and home values are 1% below the state median of $159,358.
Why Live in New Hope, AL?
New Hope offers a strong local economy with a median household income of $80,787, well above the national average, and affordable housing with a median home value of $158,200, below the US average of $244,900, and rent that’s lower than the national average at $692/month. Additionally, the city features a low poverty rate of 6.4%, better than the national average, and short commute times averaging just 24.7 minutes.
New Hope has a population of 2,895 with a median age of 34.2 years. Compare New Hope with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near New Hope
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Taylor | 2,916 | $62,596 | $128,600 | Compare |
| Eutaw | 2,864 | $31,583 | $98,300 | Compare |
| Brent | 2,862 | $24,041 | $143,300 | Compare |
| Eagle Point | 2,929 | $146,125 | $463,300 | Compare |
| Cottondale | 2,850 | $44,250 | $118,600 | Compare |
| York | 2,849 | $37,009 | $57,500 | Compare |
| Huguley | 2,944 | $43,736 | $127,100 | Compare |
| Marion | 2,994 | $38,221 | $108,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Hope
What is the population of New Hope, AL?
The population of New Hope, AL is 2,895 according to the latest Census data.
What is the median household income in New Hope?
The median household income in New Hope, AL is $80,787 per year.
What is the median home value in New Hope?
The median home value in New Hope, AL is $158,200.
What is the average rent in New Hope?
The median monthly rent in New Hope, AL is $692.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope, AL is 7.9%.