New Hope, Tennessee Demographics & Population 2026
Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology
During the 2020–2024 ACS period, New Hope, Tennessee had a total population of 862, the 321st largest city in Tennessee, with a median household income of $77,727, which is 12% higher than the state average. The poverty rate is 23.0%.
Key Takeaways
- Only 7.9% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 2.3x.
- Unemployment rate of 12.6% is notably above the national average.
New Hope Quick Facts
How New Hope Changed
Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.
| Metric | 2015–2019 | 2020–2024 | Change |
|---|---|---|---|
| Population | 840 | 862 | No clear change (+2.6%) |
| Median household income | $65,970 | $77,727 | No clear change (+17.8%) |
| Median home value¹ | $148,300 | $179,600 | No clear change (+21.1%) |
| Median gross rent | $923 | $775 | No clear change (-16.0%) |
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
- White: 96.8%
- Black: 0.0%
- Hispanic: 0.0%
- Asian: 0.0%
- Other: 0.0%
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 46 | National average: 61
Education
Educational Attainment (Adults 25+)
- < High School: 16.2%
- HS Diploma: 32.0%
- Some College: 25.7%
- Associate's: 18.3%
- Bachelor's: 4.5%
- Graduate+: 3.4%
New Hope Rankings in Tennessee
Explore Tennessee Rankings
Other Cities in Marion County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Jasper | 3,612 | $73,013 | 10.1% | $209,000 |
| South Pittsburg | 3,013 | $57,865 | 21.8% | $187,100 |
| Whitwell | 2,052 | $67,774 | 9.7% | $140,500 |
| Kimball | 1,639 | $60,543 | 6.9% | $231,400 |
| Powells Crossroads | 1,498 | $67,549 | 4.5% | $187,800 |
| Griffith Creek | 586 | N/A | 21.0% | N/A |
| Sequatchie | 359 | $27,679 | 49.0% | N/A |
| Orme | 76 | $47,500 | 28.9% | $53,300 |
| Whiteside | 33 | N/A | 0.0% | 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 |
|---|---|---|---|---|---|
| Clarksburg | 895 | $76,250 | $152,500 | 17.6% | 17.2% |
| Adams | 888 | $75,000 | $258,900 | 15.9% | 7.5% |
| Rockford | 824 | $71,094 | $283,500 | 26.2% | 8.9% |
| Orebank | 816 | $67,740 | $185,100 | 25.9% | 12.5% |
| Charleston | 956 | $72,763 | $217,400 | 11.4% | 9.3% |
A note before these figures: with a population of 862, New Hope's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
New Hope is a small community located in Tennessee, within Marion County. The total population is 862. It ranks as the 321st most populous out of 502 Census-designated places in Tennessee.
Age Demographics
The median age in New Hope is 38.9 years. This is about the same as the state median of 38.9 years.
Economy, Income & Housing
The median household income in New Hope is $77,727. This is 12% higher than the state median of $69,595. It is also 4% lower than the national median of $80,734. The poverty rate stands at 23.0%. This is 67% 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 12.6%. This is 170% higher than the state rate of 4.7%. The median home value is $179,600. Housing costs are 37% lower than the state median of $286,700. With a home-value-to-income ratio of just 2.3x, New Hope is one of the most affordable housing markets in the area. 89.7% of occupied housing units are owner-occupied. This homeownership rate is 34% higher than the state average of 66.9%.
Race & Ethnicity
New Hope has a predominantly White (non-Hispanic) population, comprising 96.8% of all residents.
Education
7.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 75% lower than the state rate of 31.1%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 83.8%.
Data Sources & Methodology
All demographic data for New Hope, Tennessee 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 Tennessee state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 502 Census-designated places in Tennessee. 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, Tennessee?
New Hope, Tennessee has a population of 862 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Hope, TN?
The median household income in New Hope is $77,727, which is 4% lower than the national median of $80,734.
What is the poverty rate in New Hope, TN?
The poverty rate in New Hope is 23.0%. This means approximately 198 residents live below the federal poverty line.
What is the racial makeup of New Hope, Tennessee?
New Hope's population is 96.8% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in New Hope, TN?
The median home value in New Hope is $179,600. The home-value-to-income ratio is 2.3x.
How educated is New Hope, Tennessee?
7.9% of adults (25+) in New Hope hold a bachelor's degree or higher, and 3.4% hold a graduate or professional degree.