New Hope town, Texas Demographics & Population 2026

Population Overview

New Hope town is a small community located in Texas. The total population is 705. It ranks as the 1153rd most populous out of 1,800 cities and towns in Texas.

Age Demographics

The median age in New Hope town is 53.4 years. This is 50% higher than the state median of 35.5 years. Only 14.3% of residents are under 18, indicating fewer families with children. 17.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in New Hope town is $65,625. This is 14% lower than the state median of $76,292. Compared to the national median of $78,538, household income here is 16% lower. The poverty rate stands at 8.9%. This is 35% lower than the state poverty rate of 13.8%. The unemployment rate is 2.3%. This is 55% lower than the state rate of 5.1%. The median home value is $405,600. Housing costs are 56% higher than the state median of $260,400. The home-value-to-income ratio of 6.2x suggests that housing affordability is a significant concern for many residents. 75.2% of occupied housing units are owner-occupied. This homeownership rate is 20% higher than the state average of 62.6%.

Race & Ethnicity

The largest racial or ethnic group in New Hope town is White (non-Hispanic), making up 78.0% of the population. Hispanic or Latino residents account for 6.2%. The White (non-Hispanic) population is significantly higher than the state average (78.0% vs 39.9%). The Hispanic or Latino population (6.2%) is well below the state average of 39.5%.

Education

31.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 4% lower than the state rate of 33.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.6%.

Data Sources & Methodology

All demographic data for New Hope town, Texas 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 Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,800 Census-designated places in Texas. For official data, visit data.census.gov.