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 $118,500, lower than the Tennessee average of $218,916.
The average cost of rent is $614/mo in New Hope, primarily driven by the current value of real estate in the New Hope area. While nearly 52.33% of residents own their homes outright in New Hope, 13.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Hope is $3,884 per month. Households that rent pay about 15.81% of their income on rent here. New Hope's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Kimball, TN: higher priced homes
- Long Island, AL: higher priced homes
- South Pittsburg, TN: higher priced homes
- Richard City, TN: less expensive homes
- Glover Hill, TN: higher priced homes
- Bridgeport, AL: higher priced homes
- Jasper, TN: equally priced homes
- Bryant, AL: higher priced homes
- Orme, TN: higher priced homes
- Guild, TN: equally priced homes
Cities with Similar Populations
- Amherstdale, WV: less expensive homes
- Zwingle, IA: higher priced homes
- Willernie, MN: higher priced homes
- Whites Gap, AL: higher priced homes
- Whitefield, OK: less expensive homes
- Bradenton Beach, FL: higher priced homes
- Blandinsville, IL: less expensive homes
- Biwabik, MN: less expensive homes
- Berkey, OH: higher priced homes
- Baxter Estates, NY: higher priced homes
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