New Hope, AL—35760
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Hope, AL
As of Oct '25, the median home price in New Hope, AL is $203,000, with a year-over-year change of -4.9%. This indicates that home prices in New Hope, AL are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | -4.9% |
| Single Family | $203,000 | -3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $248,000 | 1.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Hope, AL
As of July '25, Rentcast reports the average rent in New Hope, AL is $1,910, with a year-over-year rent change of 127.9%. Per bedroom, the median rent as of July '25 in New Hope, AL is 2-bedrooms: $1,400, 3-bedrooms: $1,950, 4-bedrooms: $2,060. The most common rental property sizes in New Hope, AL are 2-bedroom and 3-bedroom, accounting for 45.7% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $1,700 | $1,950 |
| 4 Bed Rent | $2,000 | $2,060 |
% of Rental Stock
Property Listings — New Hope, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in New Hope, AL is 65. This is a increase of 43.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | -5.0% |
Listing Count | 29 | 20.0% |
| Listings as % of Homes | 0.6% | 20.0% |
Days on Market | 65 | 43.0% |
Demographics — New Hope, AL
As of the latest ACS Survey released in 2023, New Hope, AL has a population of 4,910, which has remained stable by 0.8% over the past 5 years. New Hope, AL is a popular place for families, as children make up 32.0% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,910 | 0.8% |
% Under 18 | 32.0% | 48.8% |
% Seniors | 11.8% | -18.1% |
% WFH | 7.7% | 60.4% |
% w/ College Degree | 27.6% | 80.4% |
As of the latest ACS Survey released in 2023, New Hope, AL is a predominantly white area, with 94.1% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in New Hope, AL is black, making up 0.8% of the population. Foreign-born residents account for 0.9% of the population in New Hope, AL, and this percentage has increased by 80.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.1% | -1.4% |
% Black | 0.8% | 300.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 0.9% | 80.0% |
Mortgage and Risk — New Hope, AL
According to HUD data as of 2023, there were 101 mortgage originations in New Hope, AL, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in New Hope, AL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 101 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — New Hope, AL
New Hope, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | -$270 | $1,400 | $1,130 |
| 3 Bedroom | -$240 | $1,700 | $1,460 |
| 4 Bedroom | -$250 | $2,000 | $1,750 |
Affordability — New Hope, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $203,000 |
| Median Household Income | $66,300 |