New Hope, TX

This town of 719 residents needs 150 more housing units over the next five years. New Hope is part of the North Central Texas COG.

Housing snapshot

Population
719 (2026)
Households
304
Median household income
$59,923 (2026)
Typical home value
$474,284
Owner-occupied
69%
Five-year housing need
150 units

Comparison to other Texas municipalities

New Hope: $59,923 Median income (2026 estimate)
<$23K >$162K
New Hope: None jobs to household ratio
<0 >2.52
New Hope: No permit data
<0% >28%
On this page

How affordable is this community?

The typical home in New Hope, TX is valued at $474,284, well above the Texas average of $245,578. New Hope, TX's median household income of $59,923 falls well short of what is needed to afford the typical home, leaving a gap of about $60,994.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 304 households, New Hope, TX is growing modestly at 0.9% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in New Hope, TX is heavily oriented toward detached single-family, which makes up 74% of units. Homeownership is the norm in New Hope, TX, with 69% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?