Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.0 yrs |
|---|---|
| Avg HH Size | 3.18 |
| Below Poverty | 7.7% ▼ 23% below avg |
| College Grads | 27.3% ▼ 30% below avg |
| Unemployment | 5.4% ▲ 11% above avg |
| No HS Diploma | 7 (1.7%) |
| HS Graduate | 227 (55.8%) |
| Some College | 53 (13%) |
| Associates | 9 (2.2%) |
| Bachelors | 47 (11.5%) |
| Graduate Degree | 64 (15.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $54,934 ▼ 28% below avg |
|---|---|
| Median Home Value | $130,900 ▼ 53% below avg |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Total Housing Units | 224 |
| Vacant Units | 21 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Hope is a city in Kentucky, located in Nelson County. The city spans 1 ZIP code and is home to approximately 646 residents. It is a relatively young city, with a median age of 37 years.
Economically, New Hope is a working-class community. The median household income of $54,934 is below the national average. Approximately 7.7% of residents live below the poverty line. The unemployment rate is 5.4%, near the national average.
The real estate market in New Hope is one of the more affordable housing markets in the country. Median home values stand at $130,900, which is well below the national average. Homeownership is high at 86.2%, typical of suburban and family-oriented communities.
The population of New Hope is moderately educated. 27.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (100%).
New Hope, KY offers residents a cost-conscious lifestyle within Kentucky.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 40052 | 646 | $54,934 | $130,900 | — | 5.4% | 27.3% | 86.2% |