New Hope borough, Pennsylvania
CityPopulation: 2,623 (2023 estimate)
Located in Pennsylvania , Pennsylvania
Census Bureau data for New Hope borough from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — New Hope borough
- What is the median household income in New Hope borough?
- The median household income in New Hope borough is $158,929 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in New Hope borough?
- The poverty rate in New Hope borough is 2.3% (U.S. Census Bureau ACS 2023).
- What is the median home value in New Hope borough?
- $633,800 (U.S. Census Bureau ACS 2023).
- What is the average rent in New Hope borough?
- The median gross rent in New Hope borough is $1,957 per month (U.S. Census Bureau ACS 2023).
- What percentage of New Hope borough residents have a college degree?
- 74.9% of adults in New Hope borough hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
2,623
Median Income
$158,929
Median Home Value
$633,800
Poverty Rate
2.3%
Unemployment (ACS 2023)
5.6%
Median Age
58.0 yrs
Since 2019
Median Income:
+$69,068 (+76.9%)
Home Value:
+$44,100 (+7.5%)
Poverty Rate:
-0.3 pp (-11.5%)
Bachelor's+:
+14.7 pp (+24.4%)
Unemployment:
+0.4 pp (+7.7%)
Demographics
Total Population
2,623
Median Age
58.0
Female
50.7%
Race & Ethnicity
Hispanic or Latino 4.7%
White (non-Hisp.) 85.5%
Asian 2.2%
Two or More 9.5%
Asian Subgroups (% of total pop.)
Indian
1.5%
Chinese
0.4%
Japanese
0.3%
Hispanic Subgroups (% of total pop.)
Puerto Rican
0.7%
Mexican
0.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$158,929
±$53,010
+$82,848 vs. state
Per Capita Income
$231,831
Median Family Income
$248,021
Poverty Rate
2.3%
-5.8 pp vs. state
Child Poverty Rate
0.0%
Working-Age Poverty Rate
—
SNAP Recipients
2.5%
Social Security Income
—
Retirement Income
29.6%
Household Income Distribution
< $10k
1.5%
$10–15k
1.0%
$15–25k
5.1%
$25–35k
8.1%
$35–50k
5.0%
$50–75k
9.8%
$75–100k
11.5%
$100–150k
6.1%
$150–200k
10.6%
$200k+
41.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
1,477
Owner-Occupied
63.0%
Renter-Occupied
37.0%
Vacancy Rate
7.5%
Median Home Value
$633,800
+$393,300 vs. state
Median Gross Rent
$1,957
Owner Cost Burden (30%+)
13.6%
Renter Cost Burden (30%+)
34.3%
Home Value Distribution
$50–100k
1.3%
$200–300k
3.9%
$300–500k
33.3%
$500k–$1M
33.8%
$1M+
27.6%
Gross Rent Distribution
< $500
4.6%
$500–1k
21.1%
$1–1.5k
7.4%
$1.5–2k
18.5%
$2–2.5k
33.9%
$2.5–3.5k
10.5%
$3.5k+
4.0%
Vehicle Availability
No vehicle
5.2%
1 vehicle
41.3%
2 vehicles
43.7%
3+
9.8%
Housing Type
Single-fam. det.
39.7%
Single-fam. att.
32.2%
2–4 units
4.7%
5–19 units
0.8%
20+ units
8.2%
Housing Age
Pre-1940
26.1%
1940–1969
1.1%
1970–1999
35.1%
2000–2009
6.3%
2010+
6.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
95.8%
Bachelor's or Higher
74.9%
+40.4 pp vs. state
Graduate Degree
40.3%
Some College / Associate
9.6%
Less Than High School
3.6%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
64.9%
Unemployment Rate
5.6%
+0.4 pp vs. state
Work from Home
33.2%
Self-Employed
9.0%
Government Workers
7.6%
Private For-Profit
83.4%
Industry
Edu/Health
22.5%
Prof. Services
17.0%
Finance
15.4%
Manufacturing
9.6%
Arts/Entmt.
8.7%
Transportation
7.3%
Public Admin
5.4%
Wholesale
3.3%
Construction
2.8%
Retail
2.5%
Information
1.6%
Occupation
Management
75.9%
Sales
11.9%
Food Prep
8.3%
Production
2.4%
Construction
1.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
33.1 min
Drove Alone
55.0%
Carpool
1.8%
Public Transit
1.4%
Work from Home
33.2%
Walked
4.4%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
1,366
Avg. Household Size
1.00
Avg. Family Size
—
Married-Couple Households
40.8%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
7.5%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
3.9%
5–9
4.4%
10–14
1.4%
15–19
3.2%
20–24
3.4%
25–34
3.8%
35–44
8.8%
45–54
13.7%
55–64
12.9%
65–74
19.4%
75–84
12.8%
85+
8.9%
Under 18: 12.1%
Working age (18–64): 87.9%
65 and over: 24.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
8.3%
Naturalized Citizen
51.6%
Speaks English Less Than Very Well
2.9%
Foreign-Born Origin
Europe
54.4%
Latin America
18.0%
Asia
17.1%
Africa
10.6%
Veterans & Disability
Veteran
5.8%
With a Disability
9.4%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
98.0%
Uninsured
2.0%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
93.2%
Has a Computer
94.7%
Same House 1 Year Ago
86.0%
Moved from Abroad
1.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023