New Hope, NC
Population 1,200 · North Carolina
About New Hope, NC
New Hope is a small town located in North Carolina with a population of 1,200 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,324 per year, which is 26% below the national median of $75,149. The median age of 46.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in New Hope features a median home value of $156,500, which is 36% 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 $0, 100% below the national average of $1,163/month. Of the 603 total housing units, 70% are owner-occupied (348 units) and 30% are renter-occupied (147 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Hope shows an unemployment rate of 14.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Hope have an average one-way commute time of 17.5 minutes, one of the shorter commutes in the region.
Education & Demographics
40.6% 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 1.1% White, 1.8% Hispanic or Latino, 2.8% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in New Hope, NC
Compared to national averages, New Hope has a median household income of $55,324 (26% below the national median of $75,149). Home values average $156,500, which is 36% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within North Carolina, New Hope's income is 14% below the state average of $64,468, and home values are 32% below the state median of $228,922.
Why Live in New Hope, NC?
New Hope offers affordable housing with a median home value of $156,500, 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 40.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 17.5 minutes.
Potential considerations include median household income ($55,324) 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 1,200 with a median age of 46.6 years. Compare New Hope with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near New Hope
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stoneville | 1,213 | $52,865 | $151,300 | Compare |
| Elm City | 1,173 | $44,698 | $106,600 | Compare |
| Columbus | 1,166 | $56,083 | $210,100 | Compare |
| Mount Gilead | 1,166 | $58,281 | $141,700 | Compare |
| Kenansville | 1,157 | $62,917 | $144,800 | Compare |
| Foscoe | 1,257 | $44,367 | $302,500 | Compare |
| Flat Rock | 1,141 | $52,188 | $111,700 | Compare |
| McAdenville | 1,139 | $117,411 | $350,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
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, NC?
The population of New Hope, NC is 1,200 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in North Carolina.
What is the median household income in New Hope?
The median household income in New Hope, NC is $55,324 per year, which is 26% below the national median of $75,149.
What is the median home value in New Hope?
The median home value in New Hope, NC is $156,500, which is 36% 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, NC 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, NC is 14.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Hope, NC a good place to live?
New Hope offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,200 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is New Hope, NC?
40.6% of residents in New Hope aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. 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, NC: median home value is $156,500 (36% below national), median rent is $0/month, and median household income is $55,324. 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, NC is 0.0%, 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, NC?
New Hope's population is 1.1% White, 1.8% Hispanic or Latino, 2.8% Black or African American, 0.0% Asian, and 58.4% two or more races. 0.0% of residents are foreign-born.