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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 $238,577, higher than the Kentucky average of $219,615.
The average cost of rent is $789/mo in New Hope, primarily driven by the current value of real estate in the New Hope area. In New Hope, 8.53% of households rent, and 39.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Hope is $7,044 per month. Households that rent pay about 11.19% of their income on rent here. New Hope’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Howardstown, KY: higher priced homes
- Gethsemane, KY: higher priced homes
- St. Francis, KY: less expensive homes
- New Haven, KY: less expensive homes
- Raywick, KY: less expensive homes
- Holy Cross, KY: less expensive homes
- Loretto, KY: less expensive homes
- Nerinx, KY: less expensive homes
- Culvertown, KY: equally priced homes
- St. Joseph, KY: less expensive homes
Cities with Similar Populations
- Tyrone, OK: less expensive homes
- Custer, MI: less expensive homes
- Deer Lodge, TN: less expensive homes
- Deer Park, CA: higher priced homes
- Detonti, AR: less expensive homes
- Dighton, MI: less expensive homes
- Dilliner, PA: less expensive homes
- Doddridge, AR: less expensive homes
- Douglas City, CA: higher priced homes
- Duck River, TN: less expensive homes
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