What percentage of people rent in New Hope, AL?

Name: Renters and owners in New Hope, AL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

18.1% (±8.7 points) of the occupied homes in New Hope, AL are rented (2020–2024 American Community Survey).

That is 178 renting households against 808 that own their home.

In New Hope, the share of households that rent went from 30.0% in 2015–2019 to 18.1% in 2020–2024 (−11.9 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 18.1% (±8.7 points)
Renting households: 178 (±114)
Median renter income: $23,929 (±$13,897)

Who rents and who owns in New Hope

Tenure, estimate (90% margin of error)
	New Hope	Madison County	Alabama	United States
Renter-occupied share	18.1% (±8.7 points)	31.7% (±1.0 points)	29.8% (±0.3 points)	34.8%
Renting households	178 (±114)	52,297 (±1,696)	595,092 (±6,593)	45,017,354
Owning households	808 (±110)	112,734 (±1,610)	1,402,155 (±8,895)	84,210,142
Average renter household size	2.8 (±0.6)	2.1 (±0.1)	2.3 (±0.0)	2.3
Average owner household size	3.0 (±0.7)	2.5 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$23,929 (±$13,897)	$51,833 (±$2,153)	$38,294 (±$594)	$52,966
Median owner household income	$100,870 (±$55,695)	$106,801 (±$3,121)	$79,108 (±$602)	$100,009

In New Hope, the renter share is lower than in Madison County (31.7%).

It is also lower than in Alabama (29.8%).

It is lower than the national figure (34.8%).

In Madison County, New Hope ranks 5 of 11 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 352 of 514.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in New Hope has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	30.0% (±7.3 points)	18.1% (±8.7 points)	−11.9 percentage points	Measurable decrease
Median gross rent	$826 (±$123)	$1,075 (±$498)	+30.1%	No measurable change after inflation
Median household income	$55,764 (±$10,324)	$83,816 (±$43,829)	+50.3%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near New Hope

Nearest places with a published estimate, compared with New Hope
Place	Distance	Households that rent	Compared with this place
New Hope	—	18.1% (±8.7 points)	—
Owens Cross Roads	4.1 mi	15.4% (±8.6 points)	Not measurably different
Grant	8.8 mi	16.6% (±7.2 points)	Not measurably different
Union Grove	9.4 mi	12.8% (±19.5 points)	Not measurably different
Paint Rock	9.6 mi	23.5% (±18.7 points)	Not measurably different
Woodville	9.7 mi	17.5% (±7.2 points)	Not measurably different
Gurley	11 mi	31.1% (±11.8 points)	Not measurably different
Cherokee Ridge	12 mi	0.0% (±20.8 points)	Not measurably different
Guntersville	15 mi	34.7% (±3.4 points)	Higher

Nearby places with a measurably higher figure: Guntersville, AL (34.7%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Madison County, place by place

Rank	Place	Households that rent
1	Huntsville	41.7% (±1.5 points)
2	Gurley	31.1% (±11.8 points)
3	Madison	26.0% (±2.6 points)
4	Moores Mill	21.3% (±7.2 points)
5	New Hope	18.1% (±8.7 points)
6	Harvest	17.3% (±8.1 points)
7	Triana	16.2% (±10.8 points)
8	Owens Cross Roads	15.4% (±8.6 points)
9	New Market	13.1% (±10.4 points)
10	Hazel Green	12.5% (±6.4 points)
11	Meridianville	7.5% (±4.1 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about New Hope

How many renters are there in New Hope?

New Hope has an estimated 178 (±114) renting households, 18.1% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in New Hope?

In New Hope, the share of households that rent went from 30.0% in 2015–2019 to 18.1% in 2020–2024 (−11.9 percentage points), a measurable decrease.

How big are renting households in New Hope?

A renting household in New Hope has 2.8 people on average, against 3.0 in an owned home.

How much do renters earn in New Hope?

The median renting household in New Hope, AL has an income of $23,929 (±$13,897) a year, against $100,870 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for New Hope city, Alabama (place:54168, in state:01).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.