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ZipNumbers

Texas · Census place 51036

New Hope town, TX

Quick answer

New Hope town has 705 residents, ranking #1153 of 1863 places in Texas. Median household income is $65,625, the median home is worth $405,600 and median gross rent runs $1,841 a month.

Population
705New Hope town residents
Median household income
$65,625Past 12 months, inflation adjusted
Median home value
$405,600Owner-occupied units
Median gross rent
$1,841Rent plus utilities, monthly
Median age
53.4 yrsAll residents
Homeownership rate
75.2%Owner-occupied households

What the numbers mean in New Hope town

Housing cost measured against local earnings.

A household earning the New Hope town median would spend about 33.7% 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 6.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.9% of residents and 75.2% 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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