Newhope, AR
Population 296 · Arkansas
About Newhope, AR
Newhope is a small community located in Arkansas with a population of 296 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 23.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Newhope features a median home value of $111,300, which is 55% below the national median of $244,900. This makes Newhope one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 79 total housing units, 69% are owner-occupied (45 units) and 31% are renter-occupied (20 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Newhope shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.2%, above the national average of 12.4%. Workers in Newhope have an average one-way commute time of 35 minutes.
Education & Demographics
27.3% of Newhope residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Newhope, AR
Compared to national averages, Newhope has a median household income of $0 (100% below the national median of $75,149). Home values average $111,300, which is 55% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Arkansas, Newhope's income is 100% below the state average of $52,241, and home values are 11% below the state median of $125,457.
Why Live in Newhope, AR?
Newhope offers affordable housing with a median home value of $111,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($0) that falls below the national average. However, Newhope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newhope has a population of 296 with a median age of 23.1 years. Compare Newhope with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Newhope
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Denning | 296 | $36,591 | $59,100 | Compare |
| Gateway | 297 | $47,917 | $168,800 | Compare |
| Lost Bridge Village | 295 | $56,406 | $253,800 | Compare |
| Perrytown | 293 | $55,000 | $127,900 | Compare |
| Garland | 300 | $31,304 | $37,100 | Compare |
| Crystal Springs | 302 | $91,250 | $261,000 | Compare |
| Hickory Ridge | 302 | $45,500 | $51,000 | Compare |
| Dyess | 286 | $45,000 | $41,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Newhope With Other Cities
Frequently Asked Questions about Newhope
What is the population of Newhope, AR?
The population of Newhope, AR is 296 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Arkansas.
What is the median household income in Newhope?
The median household income in Newhope, AR is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Newhope?
The median home value in Newhope, AR is $111,300, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Newhope?
The median monthly rent in Newhope, AR is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Newhope?
The unemployment rate in Newhope, AR is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Newhope, AR a good place to live?
Newhope offers a moderate cost of living, affordable housing, and a strong job market. With a population of 296 and a median age of 23.1, the city appeals to young professionals and families.
How educated is Newhope, AR?
27.3% of residents in Newhope aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Newhope?
Key cost-of-living indicators for Newhope, AR: median home value is $111,300 (55% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Newhope?
The poverty rate in Newhope, AR is 13.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Newhope, AR?
Newhope's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.