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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 $508,499, higher than the Texas average of $322,096.
The average cost of rent is $1,773/mo in New Hope, primarily driven by the current value of real estate in the New Hope area. In New Hope, 20.95% of households rent, and 35.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Hope is $9,943 per month. Households that rent pay about 17.83% of their income on rent here. New Hope’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lowry Crossing, TX: less expensive homes
- Princeton, TX: less expensive homes
- Melissa, TX: equally priced homes
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- Verona, TX: less expensive homes
- McKinney, TX: equally priced homes
- Allen, TX: equally priced homes
- Anna, TX: less expensive homes
- Kelly, TX: equally priced homes
- Weston, TX: equally priced homes
Cities with Similar Populations
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- Ward Springs, MN: less expensive homes
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- Chilhowee, MO: less expensive homes
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- Castalia, IA: less expensive homes
- Carolina, MS: less expensive homes
- Carloover, VA: less expensive homes
- Canaan, VT: less expensive homes
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