New Hampton, IA
Population 3,462 · Iowa
About New Hampton, IA
New Hampton is a small town located in Iowa with a population of 3,462 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,491 per year, which is 18% below the national median of $75,149. The median age of 41.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Hampton features a median home value of $159,200, which is 35% below the national median of $244,900. This positions New Hampton in a moderately priced market relative to the rest of the country. Median monthly rent is $838, 28% below the national average of $1,163/month. Of the 1,663 total housing units, 73% are owner-occupied (1,051 units) and 27% are renter-occupied (393 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Hampton shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.5%, above the national average of 12.4%. Workers in New Hampton have an average one-way commute time of 16.5 minutes, one of the shorter commutes in the region.
Education & Demographics
19.7% of New Hampton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 6.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 2.8% Asian residents, with 4.5% of the population being foreign-born.
Cost of Living in New Hampton, IA
Compared to national averages, New Hampton has a median household income of $61,491 (18% below the national median of $75,149). Home values average $159,200, which is 35% below the national median. Monthly rent at $838 is 28% below the US average of $1,163. Within Iowa, New Hampton's income is 10% below the state average of $67,947, and home values are 20% above the state median of $132,237.
Why Live in New Hampton, IA?
New Hampton offers affordable housing with a median home value of $159,200, below the US average of $244,900, and rent that’s lower than the national average at $838/month, and a strong job market with an unemployment rate of just 3.2%. Additionally, the city features short commute times averaging just 16.5 minutes.
Potential considerations include median household income ($61,491) that falls below the national average. However, New Hampton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Hampton has a population of 3,462 with a median age of 41.7 years. Compare New Hampton with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near New Hampton
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Saylorville | 3,559 | $80,250 | $287,700 | Compare |
| Story City | 3,363 | $73,558 | $205,800 | Compare |
| Robins | 3,349 | $122,500 | $370,500 | Compare |
| Williamsburg | 3,347 | $65,607 | $194,000 | Compare |
| Osage | 3,578 | $62,309 | $141,800 | Compare |
| Eagle Grove | 3,588 | $58,458 | $95,100 | Compare |
| Milford | 3,315 | $60,571 | $211,000 | Compare |
| Emmetsburg | 3,651 | $57,353 | $114,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Hampton With Other Cities
Frequently Asked Questions about New Hampton
What is the population of New Hampton, IA?
The population of New Hampton, IA is 3,462 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Iowa.
What is the median household income in New Hampton?
The median household income in New Hampton, IA is $61,491 per year, which is 18% below the national median of $75,149.
What is the median home value in New Hampton?
The median home value in New Hampton, IA is $159,200, which is 35% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Hampton?
The median monthly rent in New Hampton, IA is $838, which is 28% below the national average of $1,163/month.
What is the unemployment rate in New Hampton?
The unemployment rate in New Hampton, IA is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Hampton, IA a good place to live?
New Hampton offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,462 and a median age of 41.7, the city appeals to a broad range of residents.
How educated is New Hampton, IA?
19.7% of residents in New Hampton 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 New Hampton?
Key cost-of-living indicators for New Hampton, IA: median home value is $159,200 (35% below national), median rent is $838/month, and median household income is $61,491. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Hampton?
The poverty rate in New Hampton, IA is 12.5%, 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 New Hampton, IA?
New Hampton's population is 6.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 2.8% Asian, and 0.8% two or more races. 4.5% of residents are foreign-born.