New Hope, Alabama Demographics & Population 2026
During the 2020–2024 ACS period, New Hope, Alabama had a total population of 2,911, the 173rd largest city in Alabama, with a median household income of $83,816, which is 31% higher than the state average. The poverty rate is 13.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 31% above the state average — one of the wealthiest communities in Alabama.
- Housing is very affordable with a home-value-to-income ratio of just 2.0x.
New Hope Quick Facts
How New Hope Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,895 | 2,911 | +0.6% |
| Median household income | $80,787 | $83,816 | +3.7% |
| Median home value | $158,200 | $163,700 | +3.5% |
How New Hope Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 53 | National average: 61
Education
Educational Attainment (Adults 25+)
New Hope Rankings in Alabama
Explore Alabama Rankings
Other Cities in Madison County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Huntsville | 222,791 | $74,714 | 12.6% | $293,600 |
| Madison | 60,106 | $134,655 | 4.3% | $398,800 |
| Meridianville | 11,150 | $97,434 | 4.9% | $291,900 |
| Moores Mill | 6,378 | $96,774 | 11.2% | $274,000 |
| Harvest | 5,955 | $101,910 | 11.3% | $281,300 |
| Triana | 3,964 | $110,100 | 8.2% | $278,200 |
| Hazel Green | 3,940 | $86,271 | 10.4% | $230,800 |
| Owens Cross Roads | 2,826 | $86,188 | 10.1% | $227,000 |
| New Market | 1,314 | $62,500 | 10.1% | $112,500 |
| Redstone Arsenal | 858 | $140,114 | 10.0% | N/A |
Cities Similar to New Hope
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Stapleton | 3,009 | N/A | N/A | 33.2% | 4.4% |
| Owens Cross Roads | 2,826 | $86,188 | $227,000 | 24.4% | 10.1% |
| Brookwood | 2,706 | $81,394 | $188,300 | 24.0% | 7.5% |
| Choccolocco | 2,620 | $78,858 | $262,900 | 38.4% | 8.6% |
| Coaling | 2,573 | $81,370 | $228,000 | 13.9% | 3.7% |
Population Overview
New Hope is a small community located in Alabama, within Madison County. The total population is 2,911. It ranks as the 173rd most populous out of 592 Census-designated places in Alabama.
Age Demographics
The median age in New Hope is 34.2 years. This is 13% lower than the state median of 39.3 years. With 37.5% of the population under 18, New Hope has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in New Hope is $83,816. This is 31% higher than the state median of $63,999. It is also 4% higher than the national median of $80,734. The poverty rate stands at 13.1%. This is 16% lower than the state poverty rate of 15.6%. The unemployment rate is 6.9%. This is 47% higher than the state rate of 4.7%. The median home value is $163,700. Housing costs are 22% lower than the state median of $209,900. With a home-value-to-income ratio of just 2.0x, New Hope is one of the most affordable housing markets in the area. 82.0% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 70.2%.
Race & Ethnicity
New Hope has a predominantly White (non-Hispanic) population, comprising 92.4% of all residents. Hispanic or Latino residents account for 1.6%. The Black or African American population (1.2%) is well below the state average of 25.6%. The Hispanic or Latino population (1.6%) is well below the state average of 5.6%. The Asian population (0.3%) is well below the state average of 1.4%.
Education
29.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 3% higher than the state rate of 28.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 85.8%.
Data Sources & Methodology
All demographic data for New Hope, Alabama is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Alabama state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 592 Census-designated places in Alabama. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of New Hope, Alabama?
New Hope, Alabama has a population of 2,911 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Hope, AL?
The median household income in New Hope is $83,816, which is 4% higher than the national median of $80,734.
What is the poverty rate in New Hope, AL?
The poverty rate in New Hope is 13.1%. This means approximately 378 residents live below the federal poverty line.
What is the racial makeup of New Hope, Alabama?
New Hope's population is 92.4% White, 1.2% Black, 1.6% Hispanic/Latino, and 0.3% Asian.
What is the median home value in New Hope, AL?
The median home value in New Hope is $163,700. The home-value-to-income ratio is 2.0x.
How educated is New Hope, Alabama?
29.3% of adults (25+) in New Hope hold a bachelor's degree or higher, and 3.6% hold a graduate or professional degree.