New Hope, AL housing market
The typical New Hope home is worth about $234,000, up 6.1% in a year, close to the Alabama typical home. Homes typically sell in 32 days, close to asking.
Home values, sales, trends and how New Hope compares with the towns next door — updated as new data is published.
New Hope at a glance
A balanced market
About 4.4 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | New Hope | Alabama |
|---|---|---|
| 2017 | $142,000 | $147,000 |
| 2018 | $146,000 | $152,000 |
| 2019 | $156,000 | $158,000 |
| 2020 | $170,000 | $170,000 |
| 2021 | $199,000 | $188,000 |
| 2022 | $245,000 | $215,000 |
| 2023 | $254,000 | $228,000 |
| 2024 | $236,000 | $233,000 |
| 2025 | $226,000 | $238,000 |
| 2026 | $228,000 | $239,000 |
| August 2026 | $234,000 | $242,000 |
No new homes permitted in 2025
No permits for new homes were issued in New Hope in 2025. The last year with any was 2024 (43 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, New Hope gained 79 residents while 89 new homes were permitted: about 0.9 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Alabama: 1.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 16 | 16 | 0 | $4.9 million |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 43 | 43 | 0 | $12.4 million |
| 2023 | 13 | 13 | 0 | $3.6 million |
| 2022 | 15 | 15 | 0 | $3.8 million |
| 2021 | 14 | 14 | 0 | $3.3 million |
| 2020 | 6 | 6 | 0 | $1.6 million |
| 2019 | 5 | 5 | 0 | $1.2 million |
| 2018 | 12 | 12 | 0 | $2.8 million |
| 2017 | 27 | 25 | 2 | $5.5 million |
| 2016 | 9 | 9 | 0 | $2.1 million |
| 2015 | 8 | 8 | 0 | $1.6 million |
| 2014 | 6 | 6 | 0 | $844,000 |
| 2013 | 10 | 10 | 0 | $2.1 million |
| 2012 | 8 | 8 | 0 | $1.4 million |
| 2011 | 3 | 3 | 0 | $553,000 |
| 2010 | 1 | 1 | 0 | $174,000 |
| 2009 | 9 | 9 | 0 | $1.6 million |
| 2008 | 11 | 11 | 0 | $1.9 million |
| 2007 | 21 | 21 | 0 | $3.5 million |
| 2006 | 29 | 29 | 0 | $4.6 million |
| 2005 | 18 | 18 | 0 | $2.6 million |
| 2004 | 6 | 6 | 0 | $480,000 |
| 2003 | 6 | 6 | 0 | $480,000 |
| 2002 | 12 | 12 | 0 | $1.2 million |
| 2001 | 34 | 34 | 0 | $1.7 million |
| 2000 | 34 | 34 | 0 | $1.7 million |
How New Hope ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
New Hope and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| New Hope | $234K | +6.1% | $1,130 | 0 | $83,816 |
| Owens Cross Roads | $433K | +1.9% | $1,970 | 13 | $86,188 |
2.8 years of income
The typical New Hope home costs about 2.8 years of the town's median household income, less than across Alabama (3.8 years).
How New Hope ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,130
HUD's Fair Market Rent for a two-bedroom in New Hope is $1,130 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Hope pay a median of $1,075. A two-bedroom takes about 16% of the town's median household income.
Studio $840 · 4 bedrooms $1,770
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (35760; Huntsville, AL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.