A typical New Hope home is worth roughly $281,000
Home prices around New Hope have risen about 49% over the past 5 years.
What kind of housing town is New Hope?
Read from the numbers below. The page puts what stands out first.
Home prices up 49% in 5 years
The federal house price index for the ZIP code around New Hope rose 49% over the past 5 years, faster than across Mississippi (42%). Last year prices rose 9.2%. Carrying the Census median home value forward with that index puts the typical New Hope home at roughly $281,000 today.
Carrying the Census median forward with the index puts a typical home at about $281K.
How New Hope ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around New Hope, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.5 years of income
About the same as across Mississippi. Try your own numbers below.
That covers a typical New Hope home, with $50K to spare.
A two-bedroom rents for about $880 a month here, $700 less than owning.
How New Hope ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, New Hope’s typical property tax (0.48% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $880
Renters already here pay a median of $989.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lowndes County, MS): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
80% of New Hope households own their home
Half of New Hope’s homes were built before 1991.
Mississippi: 70% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Neighbors talk housing
What New Hope buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.