New Hope Tennessee Area Home Supply Charts

This page looks at a variety of housing data mostly taking from the most recent 2019 American Community Survey. Figure 1 shows the total number of housing units for each city in the local area shown. New Hope shows it has 375 housing units which is the 6th ranked in housing units out of 10 total in the area.

Figure 2 illustrates the housing density in the area as measured by houses per square land mile and it has 36.3 housing density which is the 6th ranked in housing density out of 10 total in the area. The city with the highest housing density in the area is Bridgeport city-AL with a density of 282.1 is considerably bigger. Comparing housing density to the United States average of 38.6, New Hope is about 6.4% smaller. Also, compared to the state of Tennessee, housing density of 70.9, New Hope is approximately half the size.

The next Figure 4 charge shows the change in housing units and shows New Hope shows it has -18.7% change in the housing units which is the 6th ranked in change in the housing units out of 10 total in the area. The city with the highest change in the housing units in the area is Jasper with a housing units of 11.7% is about the same size. Comparing change in the housing units to the United States average of 4.9%, New Hope is approximately 3.8 times bigger. Also, in contrast to the state of Tennessee, change in the housing units of 4.2%, New Hope is approximately 4.4 times bigger.

Figure 5 shows the percentage of renter households to total households. New Hope shows it has 19.5% Renter Percent which is the 6th ranked in Renter Percent out of 10 total in the area. Figure 6 shows the number of owner housing units and it has 80.5% Owner Percent which is the 2nd most of all the places in the area.

New Hope Tennessee Home Cost Charts

Looking at the housing data in Figure 7 we start with home values for the area. New Hope shows it has $116,400 median home value which is the 3d most of all other places in the area. The city with the highest median home value in the area is Kimball with a value of $140,400 measures 20.6% larger. Figure 8 shows the median rental rate in the area. New Hope shows it has $731 rental rates which is the 2nd most of all the places in the area. The city with the highest rental rates in the area is Jasper with a rate of $911 measures 24.6% larger. Comparing rental rates to the United States average of $1,023, New Hope compares as approximately three-fourths the size. Also, measured against the state of Tennessee, rental rates of $841, New Hope is about 15.0% smaller.

Median owner costs are shown in Figure 10 and includes costs associated with mortgage, utilities, insurance, etc. New Hope reveals it has $595 median ownership cost which is the 3d most of all other places in the area. Figure 11 shows the median owner cost as a percent of total household income and it has 14% cost as a percent of household income which is the 6th ranked in cost as a percent of household income out of 10 total in the area. The next chart, Figure 12, shows the median home value as a percent of a median workers earnings and shows that it has 253% median home value as a percent of median worker earnings which is the 4th ranked in median home value as a percent of median worker earnings out of 10 total in the area.

Figure 14 depicts the median housing costs for owners with mortgages. New Hope reveals it has $987 median housing cost which is the 5th ranked in median housing cost out of 10 total in the area. Figure 15 are median housing costs for owners without mortgages and it has $368 median housing cost which is the 2nd most of all the places in the area.

Figure 16 shows the distribution in total housing cost for property owners. This cost includes mortgages, lines of credit, utilities, taxes, insurance, etc. New Hope has the largest proportion of Owner Cost Between $700 and $1,000 at 25% of the total and is ranked #1.

Next shown in Figure 17 is housing cost as a percent of household income for owners with mortgages is shown. New Hope shows it has 20% cost as a percent of household income which is the 5th ranked in cost as a percent of household income out of 10 total in the area. The city with the highest cost as a percent of household income in the area is South Pittsburg with a cost of 25% is 28.7% larger. Housing cost as a percent of household income for owners without mortgages is shown in Figure 18. This analysis can be useful for understanding the cost involved in home ownership excluding the cost of a mortgage. New Hope shows it has 10% cost as a percent of household income which is the 6th ranked in cost as a percent of household income out of 10 total in the area. The city with the highest cost as a percent of household income in the area is Jasper with a cost of 12% is 20.4% larger.

Figure 19 looks at the number of households rent as a percent of household income and shows that New Hope has the largest proportion of Rent as a percent of income is over 50pct at 29% of the total and is ranked #1.

Figure 20 shows housing costs for owners or renters where costs for renters include: rent, utilities (if paid), insurance, etc. New Hope has the largest proportion of Housing Cost Between $700 and $1,000 at 24% of the total and is ranked #1.

Figure 21 shows real estate taxes paid for each city in the local area and it has $711 median real estate taxes paid which is the 3d most of all other places in the area. The city with the highest median real estate taxes paid in the area is Jasper with a taxes paid of $811 compares as 14.1% larger. Comparing median real estate taxes paid to the United States average of $2,375, New Hope measures approximately a third the size. Also, versus the state of Tennessee, median real estate taxes paid of $1,153, New Hope compares as approximately three-fourths the size.

Figure 23 shows the distribution of rental rates for area. New Hope Tennessee has the largest proportion of rent between 500 and 750 dollars at 36% of the total and is ranked #1. Second, it has the largest proportion of rent between 1000 and 1500 dollars at 18% of the total and is ranked #1.

New Hope Tennessee Home Financing Charts

New Hope Tennessee Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has 2.8 family members per housing unit which is the 6th ranked in family members per housing unit out of 10 total in the area. The city with the highest family members per housing unit in the area is Bridgeport city-AL with a size of 3.1 is 8.9% larger. Comparing family members per housing unit to the United States average of 3.3, New Hope measures about 18.7% smaller. Also, measured against the state of Tennessee, family members per housing unit of 3.2, New Hope is about 13.7% smaller.

Figure 29 show the median number of rooms in a typical home for each city in the area. New Hope shows it has 5.3 average number of rooms in a house which is the 6th ranked in average number of rooms in a house out of 10 total in the area. The city with the highest average number of rooms in a house in the area is Jasper with an average number of rooms in a house of 5.7 measures 7.5% larger. Figure 30 shows, for the average house in each city, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another. New Hope shows it has 1990 year built which is the 2nd most of all the places in the area. The city with the highest year built in the area is Kimball with a year of 1993 is about the same size.

Figure 31 looks at the distribution housing units by date built in this area. New Hope Tennessee has the largest proportion of homes built between 2000 to 2009 at 29% of the total and is ranked #1. Second, it has the largest proportion of homes built between 1980 to 1989 at 20% of the total and is ranked #1.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. New Hope has the largest proportion of Mobile home at 32% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the year that they were built. New Hope has value of homes built 2000 to 2009 in the mid range of other places in the area at $138,600 of the total and is ranked in the middle of the group.

The next two charts show both the household size of homeowners and renters. Starting with Figure 36 we see the household size of homeowners. New Hope shows it has 2.4 homeowner household size which is the 3d most of all other places in the area. The city with the highest homeowner household size in the area is Kimball with a size of 2.7 measures 10.4% larger.

Figure 37 shows the household size for renters New Hope shows it has 2.6 renter household size which is more than all other placesin the area.

Figure 39 shows the year that people who own homes moved into the area. New Hope has the largest proportion of Renters Moved in 2010 to 2014 at 61% of the total and is ranked #1. Second, it has the largest proportion of Renters Moved in 2000 to 2009 at 29% of the total and is ranked #1.

Figure 40 compares the median year that a home owner moved into their home. New Hope shows it has 2003 median year that a home owner moved in which is the 3d most of all other places in the area. Figure 41 compares the median year that a renter moved into their home. New Hope shows it has 2011 median year that a renter moved in which is the 6th ranked in median year that a renter moved in out of 10 total in the area.

Figure 42 shows a frequency distribution of various types of energy sources used in a home. New Hope has the largest proportion of home using bottled, tank, or LP gas at 21% of the total and is ranked #1.