Living in New Hope, Kentucky
Cost of living, income, home prices, rent and demographics of New Hope · Census data 2020–2024
New Hope has 62 residents with a median age of 39. The median home value is $131,800.
New Hope is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Hope at a glance
- Population
- 62
- Median age
- 39State: 39.1
- Median home value
- $131,800State: $205,600
- Homeowners
- 100%
- Bachelor's degree or higher
- 27.9%
Is New Hope a good place to live?
Pros: Home values 36% lower than the state median.
Cons: Unemployment of 100%; a poverty rate of 66.1%.
The weather is best in April–May and September–October.
Cost of living in New Hope
Housing is the biggest part of the cost of living. In New Hope the median home value is $131,800, 60% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Housing in New Hope: homes for sale and rent
- Housing units
- 32
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 1.94
New Hope demographics
- Population
- 62
- Median age
- 39
- Under 18
- 30.6%
- 65 and older
- 33.9%
- Households
- 32
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of New Hope ›
Education in New Hope
27.9% of adults 25 and older in New Hope have a bachelor's degree or higher (Kentucky: 27.6%), and 0% have a graduate or professional degree.
Jobs and commute in New Hope
- Unemployment rate
- 100%State: 4.9%
- Average commute
- —State: 24 min
- Work from home
- —
- Drive alone
- —
- Public transit
- —
- Walk to work
- —
- Homes with broadband
- 68.8%
New Hope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Hope | 62 | — | $131,800 | — |
| New Haven | 837 | $70,000 | $161,700 | $845 |
| Raywick | 125 | $37,273 | $101,800 | $690 |
| Loretto | 683 | $61,250 | $183,100 | $797 |
| St. Mary | 147 | $47,500 | $157,100 | — |
| Hodgenville | 3,389 | $57,739 | $151,400 | $956 |
| Bardstown | 13,804 | $51,381 | $203,500 | $977 |
| Buffalo | 735 | $47,120 | $196,300 | $1,114 |
| Lebanon | 6,430 | $45,479 | $149,700 | $701 |
More for people moving to New Hope
New Hope ZIP code ›Weather and climate ›Living in New Hope: FAQ
What is the average home price in New Hope?
The median home value in New Hope is $131,800, compared with $205,600 in Kentucky.
Is New Hope, KY a good place to live?
Pluses: home values 36% lower than the state median. Minuses: unemployment of 100%; a poverty rate of 66.1%.
What is the median age in New Hope?
The median age in New Hope is 39 years (Kentucky: 39.1).
What is the unemployment rate in New Hope?
The unemployment rate in New Hope is 100% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Hope?
27.9% of adults in New Hope have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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