New Hope, OR
Population 1,529 · Oregon
About New Hope, OR
New Hope is a small town located in Oregon with a population of 1,529 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,768 per year, which is 3% above the national median of $75,149. The median age of 51.9 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 $421,500, which is 72% above the national median of $244,900. This places New Hope in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 537 total housing units, 97% are owner-occupied (521 units) and 3% are renter-occupied (16 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Hope shows an unemployment rate of 9.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.0%, above the national average of 12.4%. Workers in New Hope have an average one-way commute time of 22 minutes.
Education & Demographics
18.4% of New Hope 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, 0.5% Hispanic or Latino, 1.1% Black or African American, and 0.4% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in New Hope, OR
Compared to national averages, New Hope has a median household income of $77,768 (3% above the national median of $75,149). Home values average $421,500, which is 72% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Oregon, New Hope's income is 2% above the state average of $76,196, and home values are 10% above the state median of $382,095.
Why Live in New Hope, OR?
New Hope offers a strong local economy with a median household income of $77,768, well above the national average, and rent that’s lower than the national average at $0/month, and short commute times averaging just 22 minutes.
Potential considerations include a competitive housing market where the typical home costs $421,500. However, New Hope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Hope has a population of 1,529 with a median age of 51.9 years. Compare New Hope with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near New Hope
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cascade Locks | 1,529 | $65,357 | $330,800 | Compare |
| Coburg | 1,541 | $89,250 | $461,200 | Compare |
| Chenoweth | 1,543 | $62,204 | $246,300 | Compare |
| John Day | 1,543 | $75,917 | $199,400 | Compare |
| Saunders Lake | 1,495 | $87,750 | $396,500 | Compare |
| Stafford | 1,572 | $182,372 | $1,119,400 | Compare |
| Glide | 1,481 | $81,034 | $358,400 | Compare |
| Rockaway Beach | 1,577 | $55,188 | $341,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
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, OR?
The population of New Hope, OR is 1,529 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Oregon.
What is the median household income in New Hope?
The median household income in New Hope, OR is $77,768 per year, which is 3% above the national median of $75,149.
What is the median home value in New Hope?
The median home value in New Hope, OR is $421,500, which is 72% above 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, OR 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, OR is 9.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Hope, OR a good place to live?
New Hope offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,529 and a median age of 51.9, the city appeals to established professionals and retirees.
How educated is New Hope, OR?
18.4% 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, OR: median home value is $421,500 (72% above national), median rent is $0/month, and median household income is $77,768. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in New Hope?
The poverty rate in New Hope, OR is 15.0%, 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, OR?
New Hope's population is 6.0% White, 0.5% Hispanic or Latino, 1.1% Black or African American, 0.4% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.