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CITY · 2020 ACS

New Hope

Tennessee · 987 residents · 10.336 sq mi
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The short version

New Hope has lower-than-average household income, with a median household income of $51,500. Population has declined 5% since 2000. 5% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $105,700. With a median age of 48.3, the population is older than the US median of 38.8.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 48.3
US median: 38.8
Less educated
5% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
987
−5%since 2000
from 1,043 in 2000
1990 – 2025
Population density
95 / sq mi
−5%since 2000
from 101 / sq mi in 2000
US average: 280
Median age
48.3
+35%since 2000
from 35.8 in 2000
US average: 38.8
Population, 1990 – 2024
7858669471K1K1990201020202024New Hope
2024862
1990201020202024
Section 02

Income & economy

Median household income
$51,500
−3%inflation adjusted, since 2000
from $35,179 in 2000
US average: $66,278
1990 – 2024
Per capita income
$22,895
+48%since 2000
from $15,424 in 2000
US average: $35,364
Households earning $100K+
19.8%
−1.1 ptssince 2009
from 20.8% in 2009
US average: 43.9%
Poverty rate
23.1%
+8.4 ptssince 2000
from 14.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade16.3%
US avg: 10%
Wholesale trade15.2%
US avg: 6.7%
Information12.5%
US avg: 11.1%
Other services8.7%
US avg: 6.6%
Public administration8.7%
US avg: 4.7%
Finance & insurance8.1%
US avg: 5.5%
Professional, scientific, technical4.7%
US avg: 4.7%
Agriculture, forestry, fishing4.3%
US avg: 1.7%
Construction4.3%
US avg: 1.2%
Education & health services3.4%
US avg: 0.8%
Transportation & warehousing0.2%
US avg: 2.5%
Manufacturing0%
US avg: 0.5%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$105,700
−5%inflation adjusted, since 2000
from $73,800 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$705
+22%inflation adjusted, since 2000
from $383 in 2000
US average: $1,124
Owner-occupied
82.4%
−3.1 ptssince 2000
from 85.5% in 2000
17.6% rent
Afford Score
2.1
−2%since 2000
from 2.1 in 2000
1990 – 2024
RELATED:See current rent listings in New Hope on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98.8%(1,030)
Black0.6%(6)
Hispanic / Latino0%(0)
Asian0.1%(1)
Other0%
Diversity Score1.7%(17)
2020
White, non-Hispanic92.7%(915)
Black0.2%(2)
Hispanic / Latino0.2%(2)
Asian0.7%(7)
Other1%(9)
Diversity Score5.4%(53)
Diversity Score
5
+220%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
5.1%
−1.9 ptssince 2000
from 7.0% in 2000
US average: 32.9%
High school or higher
81.1%
+14.1 ptssince 2000
from 67.0% in 2000
US average: 88.5%
Graduate degree
1.7%
−0.1 ptssince 2000
from 1.7% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
26.4 min
+21%since 2000
from 21.8 min in 2000
US average: 26.9
Drive alone to work
88.5%
−0.8 ptssince 2009
from 89.3% in 2009
US average: 75.1%
No vehicle available
0.5%
−2.6 ptssince 2009
from 3.1% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.9%
+0.7 ptssince 2011
from 4.2% in 2011
US average: 5.4%
Labor force participation
60.6%
Unchangedsince 2011
from 60.6% in 2011
US average: 63.4%
Management & professional
30.0%
−14.2 ptssince 2009
from 44.2% in 2009
US average: 39.3%
Section 08

People & community

Male
46.3%
+0.2 ptssince 2009
from 46.2% in 2009
Female
53.7%
−0.2 ptssince 2009
from 53.8% in 2009
Foreign born
0.0%
−0.1 ptssince 2009
from 0.1% in 2009
US average: 13.5%
Uninsured
6.6%
−82.7 ptssince 2013
from 89.3% in 2013
US average: 8.8%
Drill deeper

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Compare New Hope to nearby cities

NEW HOPE VS
Signal Mountain
Income$141,008+174%
Home value$544,300+415%
Population8,824+812%
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NEW HOPE VS
Red Bank
Income$63,983+24%
Home value$269,400+155%
Population12,405+1182%
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NEW HOPE VS
Chattanooga
Income$64,523+25%
Home value$283,200+168%
Population194,144+19956%
SEE FULL COMPARISON →
NEW HOPE VS
Fort Oglethorpe
Income$51,867+1%
Home value$199,700+89%
Population10,868+1023%
SEE FULL COMPARISON →
Frequently asked

How many people live in New Hope, Tennessee?

New Hope, Tennessee has about 987 residents according to the 2020 American Community Survey.

What is the median household income in New Hope, Tennessee?

The typical household in New Hope, Tennessee earns about $51,500 a year. Half of households make more than that, and half make less.

Is New Hope, Tennessee expensive?

In New Hope, Tennessee, the median home is worth about $105,700, and the typical rent is about $705 a month.

How educated are people in New Hope, Tennessee?

About 5.1% of adults age 25 and over in New Hope, Tennessee hold a bachelor's degree or higher.

What is the poverty rate in New Hope, Tennessee?

About 23.1% of people in New Hope, Tennessee live below the federal poverty line.

Has New Hope, Tennessee grown since 1990?

Yes, New Hope, Tennessee has grown since 1990. The population has added about 169 residents, a change of about 21 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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