New Hope, TN
Population 928 · Tennessee
About New Hope, TN
New Hope is a small community in Tennessee with a population of 928 residents. The median household income is $62,396 per year, which is near the national average. The median age in New Hope is 38.9 years.
Housing in New Hope has a median home value of $148,800 and median monthly rent of $0. Of the 388 total housing units, the majority are owner-occupied, with 314 owner-occupied and 41 renter-occupied units.
The unemployment rate in New Hope is 10.3% and the poverty rate is 23.5%. 6.1% of residents hold a bachelor's degree or higher. The average commute time is 22.2 minutes.
Cost of Living in New Hope, TN
Compared to national averages, New Hope has a median household income of $62,396 (17% below the national median of $75,149). Home values average $148,800, which is 39% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Tennessee, New Hope's income is 1% below the state average of $62,849, and home values are 31% below the state median of $214,371.
Why Live in New Hope, TN?
New Hope offers affordable housing with a median home value of $148,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 22.2 minutes.
Potential considerations include median household income ($62,396) 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 928 with a median age of 38.9 years. Compare New Hope with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near New Hope
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eagleville | 934 | $87,404 | $398,500 | Compare |
| Grimsley | 940 | $56,458 | $0 | Compare |
| Bulls Gap | 910 | $50,066 | $148,200 | Compare |
| Ridgeside | 907 | $177,500 | $473,900 | Compare |
| Fowlkes | 898 | $43,813 | $81,400 | Compare |
| Decaturville | 895 | $40,500 | $126,800 | Compare |
| Lobelville | 974 | $54,063 | $176,100 | Compare |
| Roan Mountain | 976 | $59,539 | $162,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of New Hope, TN is 928 according to the latest Census data.
What is the median household income in New Hope?
The median household income in New Hope, TN is $62,396 per year.
What is the median home value in New Hope?
The median home value in New Hope, TN is $148,800.
What is the average rent in New Hope?
The median monthly rent in New Hope, TN is $0.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope, TN is 10.3%.