Cities / Alabama / New Hope

New Hope, AL

2,875 people

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Population & People

Population

2,875

Median age

34.2

Median household income

$83,816

Poverty rate

13.1%

Unemployment rate

6.9%

Bachelor's degree+

29.3%

Avg. commute

22 min

Hispanic or Latino

1.6%

Source: U.S. Census Bureau, American Community Survey.

Housing & Rent

Median home value

$163,700

Median gross rent

$1,075/mo

Homeownership rate

81.95%

HUD FMR — 2 bedroom

$936

HUD Fair Market Rent (Alabama statewide average across 67 areas — not specific to New Hope), 2026. Efficiency $716, 1BR $772, 2BR $936, 3BR $1206, 4BR $1381. This is a different official figure from Census median gross rent above.

Energy

Alabama commercial electricity

14.52¢/kWh

Alabama industrial electricity

7.73¢/kWh

Alabama residential electricity

16.1¢/kWh

Economy

Gross Domestic Product: All Industry Total

341154.2

Real Gross Domestic Product: All Industry Total

260648

All-Transactions House Price Index for Alabama

548.12

Unemployment Rate

3.4%

Source: FRED, Alabama-specific series.

Nearby Airports

Sources & Data: National Weather Service (weather, alerts), EPA AirNow (air quality), U.S. Census Bureau (population, housing), HUD (Fair Market Rent), U.S. Energy Information Administration (Alabama energy prices), Federal Reserve Bank of St. Louis (Alabama economic indicators), OurAirports (airport directory).