What percentage of people rent in New Hope, PA?
28.8% (±9.3 points) of the occupied homes in New Hope, PA are rented (2020–2024 American Community Survey).
That is 383 renting households against 949 that own their home.
In New Hope, the share of households that rent went from 43.3% in 2015–2019 to 28.8% in 2020–2024 (−14.5 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 28.8% (±9.3 points)
- Renting households
- 383 (±138)
- Median renter income
- $50,150 (±$36,621)
Who rents and who owns in New Hope
| New Hope | Bucks County | Pennsylvania | United States | |
|---|---|---|---|---|
| Renter-occupied share | 28.8% (±9.3 points) | 22.2% (±0.6 points) | 30.7% (±0.2 points) | 34.8% |
| Renting households | 383 (±138) | 55,308 (±1,482) | 1,617,882 (±10,181) | 45,017,354 |
| Owning households | 949 (±145) | 193,879 (±1,546) | 3,656,971 (±15,249) | 84,210,142 |
| Average renter household size | 1.3 (±0.2) | 2.0 (±0.0) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.3 (±0.3) | 2.7 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $50,150 (±$36,621) | $61,935 (±$1,808) | $47,506 (±$425) | $52,966 |
| Median owner household income | $250,000 or more | $135,528 (±$2,430) | $95,990 (±$362) | $100,009 |
In New Hope, the renter share is not measurably different from Bucks County (22.2%).
It is not measurably different from Pennsylvania (30.7%).
It is not measurably different from the national figure (34.8%).
In Bucks County, New Hope ranks 14 of 53 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 684 of 2,557.
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 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 43.3% (±8.6 points) | 28.8% (±9.3 points) | −14.5 percentage points | Measurable decrease |
| Median gross rent | $1,330 (±$199) | $2,000 (±$1,161) | +50.4% | No measurable change after inflation |
| Median household income | $89,861 (±$18,240) | $175,156 (±$43,812) | +94.9% | Up 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
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| New Hope | — | 28.8% (±9.3 points) | — |
| Lambertville | 0.9 mi | 21.7% (±9.1 points) | Not measurably different |
| Solebury Township | 2.8 mi | 7.2% (±2.4 points) | Lower |
| Stockton Borough | 3.2 mi | 27.5% (±15.8 points) | Not measurably different |
| West Amwell Township | 3.8 mi | 11.5% (±6.3 points) | Lower |
| Upper Makefield Township | 4.7 mi | 4.7% (±2.7 points) | Lower |
| Delaware Township | 5.4 mi | 2.6% (±3.4 points) | Lower |
| Buckingham Township (Bucks County) | 6.5 mi | 6.4% (±2.1 points) | Lower |
| Wrightstown Township | 6.7 mi | 12.1% (±4.6 points) | Lower |
Nearby places with a measurably lower figure: Solebury Township, PA (7.2%), West Amwell Township, NJ (11.5%), Upper Makefield Township, PA (4.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Bucks County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 8 | Dublin | 36.1% (±10.6 points) |
| 9 | Morrisville | 35.1% (±6.7 points) |
| 10 | Sellersville | 34.5% (±7.8 points) |
| 11 | Perkasie | 32.2% (±5.4 points) |
| 12 | Richlandtown | 31.9% (±14.4 points) |
| 13 | Warminster Township | 30.7% (±2.7 points) |
| 14 | New Hope | 28.8% (±9.3 points) |
| 15 | Trumbauersville | 27.9% (±10.1 points) |
| 16 | Bristol Township | 27.6% (±2.6 points) |
| 17 | Yardley | 27.5% (±8.3 points) |
| 18 | Falls Township (Bucks County) | 27.1% (±3.2 points) |
| 19 | Newtown | 26.8% (±6.9 points) |
| 20 | Middletown Township (Bucks County) | 25.4% (±2.2 points) |
Showing 13 of 53 places in Bucks County, ranked from highest to lowest.
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 383 (±138) renting households, 28.8% 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 43.3% in 2015–2019 to 28.8% in 2020–2024 (−14.5 percentage points), a measurable decrease.
How big are renting households in New Hope?
A renting household in New Hope has 1.3 people on average, against 2.3 in an owned home.
How much do renters earn in New Hope?
The median renting household in New Hope, PA has an income of $50,150 (±$36,621) a year, against $250,000 or more for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Hope borough, Pennsylvania
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — New Hope borough, Pennsylvania
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — New Hope borough, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Hope borough, Pennsylvania
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — New Hope borough, Pennsylvania
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 borough, Pennsylvania (place:53712, in state:42).
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.
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.
Figures last updated on .
Related
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- Population growth in New Hope
- How long people stay in New Hope
- Pennsylvania landlord and tenant rules
- Housing across Bucks County
- Pennsylvania places ranked by share of renters
- Housing data for every place in Pennsylvania