New Hope, MS
Population 3,587 · Mississippi
About New Hope, MS
New Hope is a small town located in Mississippi with a population of 3,587 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,250 per year, which is 5% above the national median of $75,149. The median age of 35.6 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 $223,900, which is 9% below the national median of $244,900. This positions New Hope in a moderately priced market relative to the rest of the country. Median monthly rent is $963, 17% below the national average of $1,163/month. Of the 1,294 total housing units, 83% are owner-occupied (1,023 units) and 17% are renter-occupied (206 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Hope shows an unemployment rate of 0.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Hope have an average one-way commute time of 23.6 minutes.
Education & Demographics
32.6% of New Hope 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, 0.6% Hispanic or Latino, 0.0% Black or African American, and 2.6% Asian residents, with 0.0% of the population being foreign-born.
How New Hope Ranks in Mississippi
Cost of Living in New Hope, MS
Compared to national averages, New Hope has a median household income of $79,250 (5% above the national median of $75,149). Home values average $223,900, which is 9% below the national median. Monthly rent at $963 is 17% below the US average of $1,163. Within Mississippi, New Hope's income is 59% above the state average of $49,929, and home values are 78% above the state median of $125,705.
Why Live in New Hope, MS?
New Hope offers a strong local economy with a median household income of $79,250, well above the national average, and affordable housing with a median home value of $223,900, below the US average of $244,900, and rent that’s lower than the national average at $963/month. Additionally, the city features a strong job market with an unemployment rate of just 0.4%, and a low poverty rate of 1.8%, better than the national average, and short commute times averaging just 23.6 minutes.
New Hope has a population of 3,587 with a median age of 35.6 years. Compare New Hope with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near New Hope
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Escatawpa | 3,626 | $35,313 | $89,800 | Compare |
| Hazlehurst | 3,547 | $40,491 | $109,400 | Compare |
| Morton | 3,661 | $38,889 | $90,000 | Compare |
| Beechwood | 3,708 | $88,653 | $239,400 | Compare |
| Macon | 3,454 | $29,167 | $98,200 | Compare |
| Houston | 3,757 | $36,667 | $121,300 | Compare |
| Water Valley | 3,380 | $47,167 | $111,000 | Compare |
| Leland | 3,864 | $39,767 | $111,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Hope With Other Cities
Frequently Asked Questions about New Hope
What is the population of New Hope, MS?
The population of New Hope, MS is 3,587 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Mississippi.
What is the median household income in New Hope?
The median household income in New Hope, MS is $79,250 per year, which is 5% above the national median of $75,149.
What is the median home value in New Hope?
The median home value in New Hope, MS is $223,900, which is 9% 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, MS is $963, which is 17% below the national average of $1,163/month.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope, MS is 0.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Hope, MS a good place to live?
New Hope offers above-average incomes, affordable housing, and a strong job market. With a population of 3,587 and a median age of 35.6, the city appeals to a broad range of residents.
How educated is New Hope, MS?
32.6% of residents in New Hope 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 Hope?
Key cost-of-living indicators for New Hope, MS: median home value is $223,900 (9% below national), median rent is $963/month, and median household income is $79,250. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Hope?
The poverty rate in New Hope, MS is 1.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Hope, MS?
New Hope's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 2.6% Asian, and 30.5% two or more races. 0.0% of residents are foreign-born.