New Hope, TX
Population 705 · Texas
About New Hope, TX
New Hope is a small community in Texas with a population of 705 residents. The median household income is $65,625 per year, which is near the national average. The median age in New Hope is 53.4 years.
Housing in New Hope has a median home value of $405,600 and median monthly rent of $1,841. Of the 308 total housing units, the majority are owner-occupied, with 224 owner-occupied and 74 renter-occupied units.
The unemployment rate in New Hope is 2.3% and the poverty rate is 8.9%. 31.7% of residents hold a bachelor's degree or higher. The average commute time is 28.9 minutes.
Cost of Living in New Hope, TX
Compared to national averages, New Hope has a median household income of $65,625 (13% below the national median of $75,149). Home values average $405,600, which is 66% above the national median. Monthly rent at $1,841 is 58% above the US average of $1,163. Within Texas, New Hope's income is 10% below the state average of $72,726, and home values are 92% above the state median of $211,769.
Why Live in New Hope, TX?
New Hope offers a strong job market with an unemployment rate of just 2.3%, and a low poverty rate of 8.9%, better than the national average.
Potential considerations include median household income ($65,625) that falls below the national average, and a competitive housing market where the typical home costs $405,600. However, New Hope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Hope has a population of 705 with a median age of 53.4 years. Compare New Hope with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near New Hope
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North San Pedro | 705 | $33,622 | $89,800 | Compare |
| Louise | 706 | $0 | $107,000 | Compare |
| Hardin | 702 | $54,625 | $128,800 | Compare |
| Loraine | 702 | $34,605 | $57,800 | Compare |
| Horseshoe Bend | 709 | $41,875 | $112,500 | Compare |
| Port O'Connor | 698 | $81,917 | $248,800 | Compare |
| Colmesneil | 697 | $46,250 | $107,000 | Compare |
| Orason | 697 | $71,386 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
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, TX?
The population of New Hope, TX is 705 according to the latest Census data.
What is the median household income in New Hope?
The median household income in New Hope, TX is $65,625 per year.
What is the median home value in New Hope?
The median home value in New Hope, TX is $405,600.
What is the average rent in New Hope?
The median monthly rent in New Hope, TX is $1,841.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope, TX is 2.3%.