Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.5 yrs |
|---|---|
| Avg HH Size | 2.79 |
| Below Poverty | 9.5% ≈ Avg |
| College Grads | 35.7% ▼ 8% below avg |
| Unemployment | 7.8% ▲ 59% above avg |
| No HS Diploma | 52 (1.8%) |
| HS Graduate | 870 (29.5%) |
| Some College | 496 (16.8%) |
| Associates | 480 (16.3%) |
| Bachelors | 193 (6.5%) |
| Graduate Degree | 861 (29.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,346 ▼ 13% below avg |
|---|---|
| Median Home Value | $164,500 ▼ 41% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $790/mo |
| Total Housing Units | 1,935 |
| Vacant Units | 173 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Hope is a city in Alabama, located in Madison County. The city spans 1 ZIP code and is home to approximately 4,908 residents. It is a relatively young city, with a median age of 35.5 years.
Economically, New Hope is a solidly middle-class community. The median household income of $66,346 is near the national average. Approximately 9.5% of residents live below the poverty line. The unemployment rate is 7.8%, significantly above the national average.
The real estate market in New Hope is an affordable housing market. Median home values stand at $164,500, which is below the national average. Renters typically pay around $790 per month. Homeownership is high at 84.3%, typical of suburban and family-oriented communities.
The population of New Hope is moderately educated. 35.7% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (94.09%).
New Hope, AL offers residents a cost-conscious lifestyle within Alabama.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 35760 | 4,908 | $66,346 | $164,500 | $790 | 7.8% | 35.7% | 84.3% |