Living in New Home, Texas
Cost of living, income, home prices, rent and demographics of New Home · Census data 2020–2024
New Home has 267 residents with a median age of 36.8. The median household income is $55,625 (29% lower than the Texas median), the median home value is $237,500.
New Home is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Home at a glance
- Population
- 267
- Median age
- 36.8State: 35.6
- Median household income
- $55,625State: $78,476
- Median home value
- $237,500State: $283,800
- Homeowners
- 73.8%
- Bachelor's degree or higher
- 32%
- Average commute
- 19 min
Is New Home a good place to live?
Pros: Home values 16% lower than the state median; an average commute of 19 minutes; unemployment of 4.9%.
Cons: Median household income 29% lower than the Texas median; a poverty rate of 23.2%.
The weather is best in March to May and October.
Cost of living in New Home
Housing is the biggest part of the cost of living. In New Home the median home value is $237,500, 29% lower than the U.S. median. Renters pay a median of — per month, which is 9% of household income. Homeowners with a mortgage pay $1,860 a month in housing costs.
New Home median household income
The median household income in New Home is $55,625 and the income per person is $27,452. 23.2% of residents live below the poverty line (Texas: 13.8%).
Housing in New Home: homes for sale and rent
- Housing units
- 129
- Owner-occupied
- 73.8%
- Renter-occupied
- 26.2%
- Vacant
- 17.1%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.50
New Home demographics
- Population
- 267
- Median age
- 36.8
- Under 18
- 29.2%
- 65 and older
- 16.5%
- Households
- 107
- Foreign-born
- 3%
- Veterans
- 2.6%Adults 18+
Hispanic or Latino can be of any race. Population history of New Home ›
Education in New Home
32% of adults 25 and older in New Home have a bachelor's degree or higher (Texas: 33.8%), and 10.1% have a graduate or professional degree.
Jobs and commute in New Home
- Unemployment rate
- 4.9%State: 5.3%
- Average commute
- 19 minState: 27 min
- Work from home
- 7.5%
- Drive alone
- 89.7%
- Public transit
- 0%
- Walk to work
- 1.9%
- Homes with broadband
- 88.8%
New Home vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Home | 267 | $55,625 | $237,500 | — |
| Wilson | 449 | $50,500 | $131,800 | $925 |
| Tahoka | 2,424 | $62,039 | $128,200 | $978 |
| Wolfforth | 6,701 | $106,250 | $260,200 | $1,674 |
| Ropesville | 594 | $69,844 | $98,300 | $500 |
| Lubbock | 264,814 | $60,895 | $212,400 | $1,182 |
| Meadow | 623 | $49,342 | $80,900 | $721 |
| Slaton | 5,761 | $56,676 | $84,600 | $994 |
| Ransom Canyon | 1,041 | $113,950 | $341,000 | — |
More for people moving to New Home
New Home ZIP code ›Weather and climate ›Living in New Home: FAQ
What is the median household income in New Home, TX?
The median household income in New Home is $55,625, 29% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Home?
The median home value in New Home is $237,500, compared with $283,800 in Texas.
Is New Home, TX a good place to live?
Pluses: home values 16% lower than the state median; an average commute of 19 minutes; unemployment of 4.9%. Minuses: median household income 29% lower than the Texas median; a poverty rate of 23.2%.
What is the median age in New Home?
The median age in New Home is 36.8 years (Texas: 35.6).
How long is the commute in New Home?
The average commute to work in New Home is 19 minutes; 7.5% of workers work from home.
What is the unemployment rate in New Home?
The unemployment rate in New Home is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Home?
32% of adults in New Home 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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