New Hope

Population: 2,895
Median household income: $80,787
Median home value: $158,200

New Hope is a community in Madison County, Alabama, home to 2,895 residents. Its median household income of $80,787 runs in line with the Madison County figure of $83,528.

From 2019 to 2023, New Hope's population grew 1.4% from 2,854 to 2,895, while its median home value rose 26.9% from $124,700 to $158,200.

26.3% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 79.4% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 2,895
Median age: 34.2 yrs
Median household income: $80,787
Median home value: $158,200
Median gross rent: $692
Housing units: 1,076
Homeownership rate: 79.4%
Bachelor's degree or higher: 26.3%
Unemployment rate: 7.9%

Trends

ACS 5-year · 2019–2023

Population

2,8542,895

Median household income

$55,764$80,787

Median home value

$124,700$158,200

Median gross rent

$826$692

Year	Population	Median household income	Median home value	Median gross rent
2019	2,854	$55,764	$124,700	$826
2020	2,881	$71,250	$128,800	$821
2021	2,869	$71,917	$136,800	$777
2022	2,875	$76,680	$159,800	$885
2023	2,895	$80,787	$158,200	$692

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.3%

5 to 1730.6%

18 to 245.0%

25 to 3414.3%

35 to 4418.1%

45 to 5410.5%

55 to 648.8%

65 to 745.5%

75 and over2.9%

	Count	Share
Under 5	125	4.3%
5 to 17	885	30.6%
18 to 24	145	5.0%
25 to 34	413	14.3%
35 to 44	523	18.1%
45 to 54	305	10.5%
55 to 64	256	8.8%
65 to 74	158	5.5%
75 and over	85	2.9%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,746	94.9%
Black or African American	38	1.3%
American Indian & Alaska Native	34	1.2%
Asian	12	0.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	65	2.2%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma9.6%

High school graduate30.8%

Some college or associate's33.3%

Bachelor's degree23.9%

Graduate or professional degree2.4%

	Count	Share
No high school diploma	167	9.6%
High school graduate	536	30.8%
Some college or associate's	580	33.3%
Bachelor's degree	416	23.9%
Graduate or professional degree	41	2.4%

Commute to work

Mean travel time to work: 25 min

Drove alone86.1%

Carpooled11.3%

Public transit0.0%

Walked0.3%

Bicycle0.0%

Worked from home2.3%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	1,107	86.1%
Carpooled	145	11.3%
Public transit	0	0.0%
Walked	4	0.3%
Bicycle	0	0.0%
Worked from home	29	2.3%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	296	23.6%
15 to 29 min	506	40.3%
30 to 44 min	300	23.9%
45 to 59 min	85	6.8%
60+ min	69	5.5%

Households

Average household size: 2.96
Poverty rate: 6.4% (184 of 2,880)

	Count	Share
Family households	704	71.9%
Nonfamily households	275	28.1%

Housing

Median year structure built: 1989

Occupancy

	Count	Share
Occupied	979	91.0%
Vacant	97	9.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	777	79.4%
Renter-occupied	202	20.6%

1-unit, detached77.0%

1-unit, attached0.0%

2 to 4 units0.4%

5 to 19 units4.5%

20 or more units0.0%

Mobile home & other18.2%

Units in structure

	Count	Share
1-unit, detached	828	77.0%
1-unit, attached	0	0.0%
2 to 4 units	4	0.4%
5 to 19 units	48	4.5%
20 or more units	0	0.0%
Mobile home & other	196	18.2%

Geography

Place GEOID: 0154168
Type (LSAD): 25
Land area: 8.66 sq mi
Water area: 0.06 sq mi
Center point: 34.5380, -86.4124