New Hope, KY
Population 39 · Kentucky
About New Hope, KY
New Hope is a small community located in Kentucky with a population of 39 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 35.1 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 New Hope features a median home value of $0, which is 100% below the national median of $244,900. This makes New Hope 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 20 total housing units, 100% are owner-occupied (20 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Hope shows an unemployment rate of 100.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 100.0%, above the national average of 12.4%. Workers in New Hope have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
45.0% of New Hope residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. 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 New Hope, KY
Compared to national averages, New Hope has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Kentucky, New Hope's income is 100% below the state average of $66,273, and home values are 100% below the state median of $182,504.
Why Live in New Hope, KY?
New Hope offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a well-educated community where 45.0% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, New Hope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Hope has a population of 39 with a median age of 35.1 years. Compare New Hope with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near New Hope
Cities in Kentucky with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
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, KY?
The population of New Hope, KY is 39 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in New Hope?
The median household income in New Hope, KY is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in New Hope?
The median home value in New Hope, KY is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Hope?
The median monthly rent in New Hope, KY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope, KY is 100.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Hope, KY a good place to live?
New Hope offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 39 and a median age of 35.1, the city appeals to a broad range of residents.
How educated is New Hope, KY?
45.0% of residents in New Hope aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in New Hope?
Key cost-of-living indicators for New Hope, KY: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in New Hope?
The poverty rate in New Hope, KY is 100.0%, 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 Hope, KY?
New Hope'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.