New Hope, VA
Population 917 · Virginia
About New Hope, VA
New Hope is a small community in Virginia with a population of 917 residents. The median household income is $87,083 per year, which is above the national average. The median age in New Hope is 51.9 years.
Housing in New Hope has a median home value of $314,400 and median monthly rent of $0. Of the 396 total housing units, the majority are owner-occupied, with 368 owner-occupied and 28 renter-occupied units.
The unemployment rate in New Hope is 0.0% and the poverty rate is 0.0%. 24.1% of residents hold a bachelor's degree or higher. The average commute time is 19.3 minutes.
Cost of Living in New Hope, VA
Compared to national averages, New Hope has a median household income of $87,083 (16% above the national median of $75,149). Home values average $314,400, which is 28% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Virginia, New Hope's income is 1% below the state average of $87,957, and home values are 4% below the state median of $327,514.
Why Live in New Hope, VA?
New Hope offers a strong local economy with a median household income of $87,083, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 19.3 minutes.
New Hope has a population of 917 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 Virginia.
Similar Cities Near New Hope
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Belview | 920 | $45,000 | $139,100 | Compare |
| Meadowview | 922 | $70,078 | $173,800 | Compare |
| Prices Fork | 909 | $75,568 | $273,800 | Compare |
| Disputanta | 931 | $128,517 | $0 | Compare |
| Chester Gap | 896 | $74,183 | $243,100 | Compare |
| Jarratt | 888 | $80,833 | $157,200 | Compare |
| New Kent | 887 | $166,375 | $430,400 | Compare |
| Springville | 953 | $44,286 | $94,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
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, VA?
The population of New Hope, VA is 917 according to the latest Census data.
What is the median household income in New Hope?
The median household income in New Hope, VA is $87,083 per year.
What is the median home value in New Hope?
The median home value in New Hope, VA is $314,400.
What is the average rent in New Hope?
The median monthly rent in New Hope, VA is $0.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope, VA is 0.0%.