Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Hope area can be challenging. Home prices in New Hope are now at a median cost of $156,582, lower than the Alabama average of $185,232.
The average cost of rent is $855/mo in New Hope, primarily driven by the current value of real estate in the New Hope area. While nearly 39.94% of residents own their homes outright in New Hope, 17.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Hope is $5,303 per month. Households that rent pay about 16.13% of their income on rent here. New Hope's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Cottonville, AL: higher priced homes
- Owens Cross Roads, AL: higher priced homes
- Grant, AL: higher priced homes
- Paint Rock, AL: less expensive homes
- Willowbrook, AL: higher priced homes
- Mount Carmel, AL: higher priced homes
- Woodville, AL: less expensive homes
- Scant City, AL: higher priced homes
- Union Grove, AL: higher priced homes
- Laceys Spring, AL: equally priced homes
Cities with Similar Populations
- Cedarville, OH: higher priced homes
- Cherry Hills Village, CO: higher priced homes
- Cherokee Village, AR: less expensive homes
- Cherokee, IA: less expensive homes
- Wautoma, WI: equally priced homes
- Abbottstown, PA: higher priced homes
- Chadbourn, NC: less expensive homes
- Century, FL: less expensive homes
- Centerville, IA: less expensive homes
- Centerport, NY: higher priced homes
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