New Hope city, Tennessee Demographics & Population 2026
As of 2026, New Hope city, Tennessee has a total population of 928, the 315th largest city in Tennessee, with a median household income of $62,396, which is 7% lower than the state average. The poverty rate is 23.5%.
Key Takeaways
- Only 6.1% of adults have a bachelor's degree, well below the national average of 35.0%.
- Housing is very affordable with a home-value-to-income ratio of just 2.4x.
- Unemployment rate of 10.3% is notably above the national average.
New Hope city Quick Facts
How New Hope city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
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: 46 | National average: 60
Education
Educational Attainment (Adults 25+)
New Hope city Rankings in Tennessee
Explore Tennessee Rankings
Cities Similar to New Hope city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Grimsley CDP | 940 | $56,458 | N/A | 10.4% | 4.2% |
| Roan Mountain CDP | 976 | $59,539 | $162,000 | 23.2% | 1.2% |
| Telford CDP | 875 | $70,446 | $221,300 | 13.5% | 0.8% |
| Lobelville city | 974 | $54,063 | $176,100 | 12.4% | 15.1% |
| Bulls Gap town | 910 | $50,066 | $148,200 | 13.1% | 19.1% |
Population Overview
New Hope city is a small community located in Tennessee. The total population is 928. It ranks as the 315th most populous out of 504 cities and towns in Tennessee.
Age Demographics
The median age in New Hope city is 38.9 years. This is about average than the state median of 38.9 years.
Economy, Income & Housing
The median household income in New Hope city is $62,396. This is 7% lower than the state median of $67,097. Compared to the national median of $78,538, household income here is 21% lower. The poverty rate stands at 23.5%. This is 71% higher than the state poverty rate of 13.8%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 10.3%. This is 117% higher than the state rate of 4.7%. The median home value is $148,800. Housing costs are 42% lower than the state median of $256,800. With a home-value-to-income ratio of just 2.4x, New Hope city is one of the most affordable housing markets in the area. 88.4% of occupied housing units are owner-occupied. This homeownership rate is 32% higher than the state average of 67.0%.
Race & Ethnicity
New Hope city has a predominantly White (non-Hispanic) population, comprising 96.7% of all residents.
Education
6.1% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 80% lower than the state rate of 30.4%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 84.5%.
Data Sources & Methodology
All demographic data for New Hope city, Tennessee is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Tennessee state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 504 Census-designated places in Tennessee. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of New Hope city, Tennessee?
New Hope city, Tennessee has a population of 928 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Hope city, TN?
The median household income in New Hope city is $62,396, which is 21% lower the national median of $78,538.
What is the poverty rate in New Hope city, TN?
The poverty rate in New Hope city is 23.5%. This means approximately 218 residents live below the federal poverty line.
What is the racial makeup of New Hope city, Tennessee?
New Hope city's population is 96.7% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in New Hope city, TN?
The median home value in New Hope city is $148,800. The home-value-to-income ratio is 2.4x.
How educated is New Hope city, Tennessee?
6.1% of adults (25+) in New Hope city hold a bachelor's degree or higher, and 1.5% hold a graduate or professional degree.