New Hope, AL Real Estate

According to census data in the year 2000 there were 1,166 housing units in New Hope. This represents a 25.4% growth from 930 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,166 were located in what is classified as a rural area.

Homeownership rate in New Hope is about 75.6%. New Hope's vacancy rate, including seasonal lodging, is about 7.8%. Average household size is 2.48 people.

The majority of houses, apartments or condos in New Hope were built after 1976.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom6.70%
Two Bedrooms30.80%
Three Bedrooms51.70%
Four Bedrooms8.50%
Five Bedrooms or more2.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1975
Median Value of occupied units$72,900
Median Price asked for vacant units$70,000

Rented Homes, Apartments and Condos

Average Household Size2.32
Median year structure was built1977
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage3.90%
Home Equity Loan3.90%
Simple Mortgage55.40%
Debt Free36%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.8%