New Hope, MS
Population 3,587 · Mississippi
About New Hope, MS
New Hope is a small community in Mississippi with a population of 3,587 residents. The median household income is $79,250 per year, which is above the national average. The median age in New Hope is 35.6 years.
Housing in New Hope has a median home value of $223,900 and median monthly rent of $963. Of the 1,294 total housing units, the majority are owner-occupied, with 1,023 owner-occupied and 206 renter-occupied units.
The unemployment rate in New Hope is 0.4% and the poverty rate is 1.8%. 32.6% of residents hold a bachelor's degree or higher. The average commute time is 23.6 minutes.
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.
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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 Census data.
What is the median household income in New Hope?
The median household income in New Hope, MS is $79,250 per year.
What is the median home value in New Hope?
The median home value in New Hope, MS is $223,900.
What is the average rent in New Hope?
The median monthly rent in New Hope, MS is $963.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope, MS is 0.4%.