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ZipNumbers

Alabama · Census place 54168

New Hope city, AL

Quick answer

New Hope city has 2,895 residents, ranking #175 of 593 places in Alabama. Median household income is $80,787, the median home is worth $158,200 and median gross rent runs $692 a month.

Population
2,895New Hope city residents
Median household income
$80,787Past 12 months, inflation adjusted
Median home value
$158,200Owner-occupied units
Median gross rent
$692Rent plus utilities, monthly
Median age
34.2 yrsAll residents
Homeownership rate
79.4%Owner-occupied households

What the numbers mean in New Hope city

Housing cost measured against local earnings.

A household earning the New Hope city median would spend about 10.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.4% of residents and 79.4% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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