New Hope

Population: 705
Median household income: $65,625
Median home value: $405,600

Located in Collin County, Texas, New Hope is a community with a population of 705. The median household income of $65,625 is below the Collin County median ($117,588).

From 2019 to 2023, New Hope's population grew 19.1% from 592 to 705, while its median home value rose 79.7% from $225,700 to $405,600.

White (non-Hispanic) residents are the largest group, 78.0% of the population. 85.3% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 705
Median age: 53.4 yrs
Median household income: $65,625
Median home value: $405,600
Median gross rent: $1,841
Housing units: 308
Homeownership rate: 75.2%
Bachelor's degree or higher: 31.7%
Unemployment rate: 2.3%

Trends

ACS 5-year · 2019–2023

Population

592705

Median household income

$92,404$65,625

Median home value

$225,700$405,600

Median gross rent

$1,100$1,841

Year	Population	Median household income	Median home value	Median gross rent
2019	592	$92,404	$225,700	$1,100
2020	600	$73,750	$242,100	—
2021	938	$73,542	$265,300	$1,750
2022	888	$76,000	$365,300	$1,679
2023	705	$65,625	$405,600	$1,841

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

Age distribution

Under 54.3%

5 to 1710.1%

18 to 247.4%

25 to 349.9%

35 to 448.7%

45 to 5413.0%

55 to 6418.9%

65 to 7410.2%

75 and over17.6%

	Count	Share
Under 5	30	4.3%
5 to 17	71	10.1%
18 to 24	52	7.4%
25 to 34	70	9.9%
35 to 44	61	8.7%
45 to 54	92	13.0%
55 to 64	133	18.9%
65 to 74	72	10.2%
75 and over	124	17.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	550	78.0%
Black or African American	0	0.0%
American Indian & Alaska Native	4	0.6%
Asian	25	3.5%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	82	11.6%
Hispanic or Latino (any race)	44	6.2%

Educational attainment (age 25+)

No high school diploma1.4%

High school graduate30.8%

Some college or associate's36.1%

Bachelor's degree25.4%

Graduate or professional degree6.3%

	Count	Share
No high school diploma	8	1.4%
High school graduate	170	30.8%
Some college or associate's	199	36.1%
Bachelor's degree	140	25.4%
Graduate or professional degree	35	6.3%

Commute to work

Mean travel time to work: 29 min

Drove alone85.3%

Carpooled5.9%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home8.8%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	290	85.3%
Carpooled	20	5.9%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	30	8.8%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	30	9.7%
15 to 29 min	136	43.9%
30 to 44 min	74	23.9%
45 to 59 min	54	17.4%
60+ min	16	5.2%

Households

Average household size: 2.37
Poverty rate: 8.9% (63 of 705)

	Count	Share
Family households	193	64.8%
Nonfamily households	105	35.2%

Housing

Median year structure built: 1985

Occupancy

	Count	Share
Occupied	298	96.8%
Vacant	10	3.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	224	75.2%
Renter-occupied	74	24.8%

1-unit, detached78.9%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other21.1%

Units in structure

	Count	Share
1-unit, detached	243	78.9%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	65	21.1%

Geography

Place GEOID: 4851036
Type (LSAD): 43
Land area: 1.43 sq mi
Water area: 0.01 sq mi
Center point: 33.2119, -96.5587