Housing data for New Hope, TX
New Hope, TX has an estimated 680 residents and 285 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Collin County.
30.0% of households rent.
The median gross rent is $1,827 a month.
Figures last updated on .
- Residents
- 680 (±206)
- Housing units
- 285 (±120)
- Households that rent
- 30.0%
- Median gross rent
- $1,827
- Residents since 2015–2019
- +14.9%
What stands out in New Hope
Homes built before 1980: 27.4% (±11.4 points) in New Hope, higher than in Collin County (10.3%).
Households that moved in since 2020: 10.3% (±7.4 points) in New Hope, lower than in Collin County (33.4%).
Median household income: $64,306 (±$45,691) in New Hope, lower than in Collin County ($121,600).
Median real estate taxes: $4,592 (±$355) in New Hope, lower than in Collin County ($7,521).
Housing in New Hope at a glance
- Median rent: $1,827 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 70.6% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 30.0% of households rent (Small sample: wide margin of error)
- Income and affordability: $64,306 median household income (Small sample: wide margin of error)
- Home values: $422,800 median home value
- Homeowner costs: $2,269 median monthly cost with a mortgage
- Property taxes: $4,592 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 73.7% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 27.4% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 52.3% heat with electricity
- Commute and cars: 28.9 minutes average trip to work
- Growth: +14.9% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 10.3% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 1.5% of homes have more than 1 person per room (Small sample: wide margin of error)
New Hope against Collin County, its state and the nation
| New Hope | Collin County | Texas | United States | |
|---|---|---|---|---|
| Residents | 680 (±206) | 1,163,337 (exact) | 30,188,424 (exact) | 334,922,499 |
| Housing units | 285 (±120) | 437,396 (±144) | 12,128,515 (±1,574) | 143,775,355 |
| Households that rent | 30.0% (±27.9 points) | 35.5% (±0.5 points) | 37.4% (±0.2 points) | 34.8% |
| Median gross rent | $1,827 (±$246) | $1,859 (±$15) | $1,403 (±$4) | $1,413 |
| Median household income | $64,306 (±$45,691) | $121,600 (±$1,883) | $78,476 (±$263) | $80,734 |
| Median home value | $422,800 (±$35,314) | $475,600 (±$3,261) | $283,800 (±$738) | $332,700 |
| Median real estate taxes (a year) | $4,592 (±$355) | $7,521 (±$90) | $4,232 (±$19) | $3,119 |
| Built before 1980 | 27.4% (±11.4 points) | 10.3% (±0.4 points) | 33.2% (±0.2 points) | 49.7% |
| Average commute | 28.9 minutes (±4.6) | 28.2 minutes (±0.4) | 26.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 67.5% (±27.8 points) | 96.5% (±0.3 points) | 91.4% (±0.1 points) | 91.0% |
| Median age of residents | 53.6 years (±12.2) | 37.3 years (±0.1) | 35.6 years (±0.1) | 38.9 years |
New Hope covers 1.4 square miles of land, about 474 residents per square mile (Census Bureau Gazetteer).
How New Hope has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 592 (±148) | 680 (±206) | +14.9% | Not a measurable change |
| Housing units | 218 (±46) | 285 (±120) | +30.7% | Not a measurable change |
| Median gross rent | $1,100 (±$592) | $1,827 (±$246) | +66.1% | No measurable change after inflation |
| Median home value | $225,700 (±$29,679) | $422,800 (±$35,314) | +87.3% | Up after inflation |
| Median household income | $92,404 (±$19,339) | $64,306 (±$45,691) | −30.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,494 (±$425) | $2,269 (±$582) | +51.9% | No measurable change after inflation |
| Median real estate taxes | $3,534 (±$358) | $4,592 (±$355) | +29.9% | No measurable change after inflation |
| Households that rent | 6.8% (±5.4 points) | 30.0% (±27.9 points) | +23.2 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±90.6 points) | 0.0% (±39.9 points) | 0.0 percentage points | Not a measurable change |
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.
Places near New Hope
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Lowry Crossing | 3.0 mi | $1,208 | $396,900 | 2.7% |
| Princeton | 3.4 mi | $2,239 | $331,000 | 24.3% |
| Melissa | 5.3 mi | $2,532 | $454,000 | 11.3% |
| Fairview | 5.8 mi | $1,947 | $597,300 | 26.1% |
| McKinney | 6.1 mi | $1,901 | $471,800 | 36.2% |
| Lucas | 7.8 mi | — | $941,900 | 7.7% |
| Anna | 9.4 mi | $2,105 | $351,700 | 21.5% |
| Allen | 9.7 mi | $1,932 | $464,100 | 30.6% |
Places in Texas most like New Hope
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Tioga | $1,762 | $317,700 | $86,250 | 34.0% |
| Mission Bend | $1,747 | $233,800 | $67,282 | 23.1% |
| Noonday | $1,334 | $267,200 | $63,125 | 26.2% |
| Elgin | $1,440 | $326,400 | $91,114 | 28.6% |
| Martindale | $1,331 | $326,300 | $77,500 | 22.3% |
| Saginaw | $1,776 | $298,500 | $97,276 | 31.7% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Texas.
HUD Fair Market Rent for New Hope, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,491 | $1,536 | $1,807 | $2,275 | $2,892 |
HUD income limits for New Hope, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $25,450 | $42,400 | $67,850 |
| 2 people | $29,100 | $48,450 | $77,550 |
| 3 people | $32,750 | $54,500 | $87,250 |
| 4 people | $36,350 | $60,550 | $96,900 |
| 5 people | $39,300 | $65,400 | $104,700 |
| 6 people | $44,360 | $70,250 | $112,450 |
| 7 people | $50,040 | $75,100 | $120,200 |
| 8 people | $55,720 | $79,950 | $127,950 |
These are the limits HUD sets for its housing programs in the Dallas, TX HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $121,100.
A program can use its own limits; tax-credit and local programs often do.
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
What is the average home value in New Hope, TX?
The Census Bureau publishes the median: $422,800 (±$35,314) for owner-occupied homes in New Hope (2020–2024 American Community Survey).
What is the average mortgage payment in New Hope?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in New Hope, TX is $2,269 (±$582) a month, including taxes, insurance and utilities.
How much are property taxes in New Hope?
The median real estate tax paid by homeowners in New Hope, TX is $4,592 (±$355) a year (2020–2024 American Community Survey).
How many homes are in New Hope?
New Hope, TX has an estimated 285 (±120) housing units, occupied and vacant (2020–2024 American Community Survey).
How old are most homes in New Hope?
27.4% of homes in New Hope, TX were built before 1980 (2020–2024 American Community Survey).
What is the most common way to heat a home in New Hope?
Electricity is the most common heating fuel in New Hope, used by 52.3% of occupied homes (2020–2024 American Community Survey).
Is New Hope growing?
In New Hope, the number of residents went from 592 in 2015–2019 to 680 in 2020–2024 (+14.9%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — New Hope town, Texas
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Hope town, Texas
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — New Hope town, Texas
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — New Hope town, Texas
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — New Hope town, Texas
- Total Population (B01003), 2015–2019 ACS 5-year estimates — New Hope town, Texas
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Hope town, Texas
- HUD Fair Market Rents, fiscal year 2027: Dallas, TX HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Dallas, TX HUD Metro FMR Area
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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) for New Hope town, Texas (place:51036, in state:48).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .